Status: closed
American Express (Interest Rate)
Defendant: American Express Centurion Bank, American Express Bank
Cardholders whose fixed annual percentage rate was increased or changed to variable interest rate between October 1, 2005 and December 31, 2010 may be eligible for approximately $32.50. The companies reached a settlement over allegations of failing to make disclosures required by Truth in Lending Act and California’s Unfair Competition Law.