The FBI has launched an investigation into American Express Co.’s pricing practices related to the AXP +1.15% foreign-exchange unit. The investigation is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business. Current and former employees, allege that AmEx’s foreign-exchange unit had recruited business clients with offers of low currency-conversion rates before raising prices without warning.
If you or anyone you know may have done foreign – exchange unit business with American Express, please contact Finkelstein Thompson LLP. You can reach us at contact@finkelsteinthompson.com or call us toll-free at 1-844-280-5009.
