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American Express To Refund Members $85 Million

250,000 customers should expect to receive a refund from American Express due to wrong doing. An investigation revealed AmEx violated numerous consumer protection laws including discrimination against applicants to charging illegal late fees.  According to Richard Cordray, AmEx’s violations occured  “at all stages of the game – from the moment a consumer shopped for a card to the moment the consumer got a call about a long overdue debt.”

American Express has until March 15 to issue refunds, cardholder will get a credit and non cardholders will get a check.

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Publisher, Founder and EIC of Xposure Magazine. Creator of organized chaos, passionate about all things Karl Lagerfeld, 007 and Kanye West.

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