Banking
Oct. 19, 2016
AmEx rate change deal receives final approval
A $6 million settlement between American Express Bank Fsb and more than 3 million nationwide credit card customers who claim their fixed interest rates were illegally changed to higher variable rates without notice received final approval Monday.
Daily Journal Staff Writer
LOS ANGELES — A $6 million settlement between American Express Bank Fsb and more than 3 million nationwide credit card customers who claim their fixed interest rates were illegally changed to higher variable rates without notice received final approval Monday.
U.S. District Judge S. James Otero said he found the deal to be more than fair to plaintiffs, given th...
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