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Violation Tracker Individual Record

Company: American Express Company
Current Parent Company: American Express
Penalty: $108,700,000
Year: 2025
Date: January 16, 2025
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Credit Card Issuer Abuses
Violation Description: The American Express Company has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering dummy Employer Identification Numbers in the credit card accounts of its affiliate bank.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.