American Express (AXP) agrees to pay $112.5M to end a federal investigation which uncovered...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP) agrees to pay $112.5M to end a federal investigation which uncovered practices such as charging unlawful late fees, and misleading clients about debt collection. The company says it has previously reserved for a "substantial portion" of the fines and refunds.