3201 New Mexico Avenue, NW Suite 395 Washington, DC 20016
(202) 337-8000

American Express Under Investigation for Deceiving Customers about Foreign Exchange Rates

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.

Join Class Action

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: