American Express Agrees to $350 Million Penalty Over Regulatory Reviews

Key Facts

1American Express and its national bank subsidiary agreed to a $350 million penalty with the OCC.

2The orders resolve previously disclosed reviews by the Federal Reserve and the OCC regarding certain business aspects.

American Express Company and its national bank subsidiary agreed to pay a $350 million penalty to the Office of the Comptroller of the Currency (OCC). Defense World reported that the orders resolve previously disclosed reviews by the Federal Reserve and the OCC regarding certain business aspects.

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