Violation Tracker Individual Record

Company: 
American Express Bank, FSB
Current Parent Company: 
American Express
Penalty: 
$7,500,000
Year: 
2013
Date: 
December 19, 2013
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Violation Description: 

The Office of the Comptroller of the Currency assessed a $3 million penalty against American Express Bank, F.S.B., Salt Lake City, Utah, and ordered the bank to make restitution of approximately $4.5 million to thousands of consumers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Office of the Comptroller of the Currency
Civil or Criminal Case: 
civil
Facility State: 
Utah
Facility City: 
Salt Lake City
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.