Violation Tracker Individual Record

Company: 
American Express Centurion Bank
Current Parent Company: 
American Express
Penalty: 
$3,900,000
Year: 
2012
Date: 
October 1, 2012
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Secondary Offense: 
credit card violation
Violation Description: 

The Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau reached a settlement with American Express Centurion Bank (Bank), Salt Lake City, Utah, for deceptive debt collection and credit card marketing practices, in violation of section 5 of the Federal Trade Commission Act. As part of the settlement, the bank was required to pay a penalty of $3.9 million to the FDIC.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Deposit Insurance Corporation
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.