{"id":177568,"date":"2021-02-13T13:33:08","date_gmt":"2021-02-13T10:33:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/american-express-probed-over-sales-practices\/"},"modified":"2021-02-13T13:33:08","modified_gmt":"2021-02-13T10:33:08","slug":"american-express-probed-over-sales-practices","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/american-express-probed-over-sales-practices\/","title":{"rendered":"#American Express probed over sales practices"},"content":{"rendered":"

“#American Express probed over sales practices<\/strong>”<\/p>\n

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\n American Express disclosed probes by the Department of Justice and Consumer Financial Protection Bureau
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American Express disclosed a pair of federal probes over its sales practices, according to a securities filing Friday.<\/p>\n

AmEx said it was cooperating with a January 2021 grand jury subpoena from the US Attorney’s Office in the Eastern District of New York over its sales practices for small business cards.<\/p>\n

That disclosure followed reports the company had used questionable tactics to sign up small businesses.<\/p>\n

The credit card company also has received a civil investigative demand from the US Consumer Financial Protection Bureau over its sales practices to consumers, AmEx said in a filing in with the US Securities and Exchange Commission.<\/p>\n

“We are cooperating with all of these inquiries and have continued to enhance our controls related to our sales practices, ” AmEx said in the filing.<\/p>\n

“We do not believe this matter will have a material adverse impact on our business or results of operations.”<\/p>\n

The Wall Street Journal reported last month that AmEx faced scrutiny from a number of federal agencies over whether it used strongarm and misleading tactics to sign up small businesses.<\/p>\n

An earlier report in the Journal recounted instances where AmEx salespeople had misrepresented card rewards or issued unrequested cards to boost sales figures.\n <\/p>\n\n

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American Express buys restaurant reservation service Resy<\/a>\n <\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n American Express probed over sales practices (2021, February 13)
\n retrieved 13 February 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-02-american-probed-sales.html<\/p>\n

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