Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: American Express Centurion Bank
Current Parent CompanyAmerican Express
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $250,000
Year: 2009
Date: June 30, 2009
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: To settle allegations of engaging in unfair practices, American Express Centurion Bank stipulated to a cease-and-desist order and agreed to pay a $250m,civil money penalty and, together with its affiliated thrift institution, reimburse more than 14,000 convenience check users for possible bounced check fees.
Level of Government: federal
Action Type: agency action
Agency: Federal Deposit Insurance Corporation
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.