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Violation Tracker Individual Record

Company: American Express Centurion Bank
Current Parent Company: American Express
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,600,000
Year: 2013
Date: December 24, 2013
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: credit card violation
Violation Description: The Federal Deposit Insurance Corporation announced a settlement with American Express Centurion Bank for allegedly unfair and deceptive marketing practices related to credit card "add-on products," in violation of Section 5 of the Federal Trade Commission (FTC) Act.
Level of Government: federal
Action Type: agency action
Agency: Federal Deposit Insurance Corporation
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.