American Express Strengthens Compliance with DOJ Settlement
American Express has reached a $230 million settlement with the U.S. Department of Justice and regulators, demonstrating its commitment to compliance and transparency. The agreement resolves past concerns related to the marketing of certain credit card and wire transfer products for small businesses between 2014 and 2021. As part of the settlement, American Express has proactively implemented organizational changes and enhanced its sales practices to ensure greater clarity for customers. By cooperating with authorities and refining its approach, the company reinforces its dedication to ethical business practices and customer trust.