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AMEX PAYING REFUNDS, FINES: American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged illegal late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. DECEPTIVE PRACTICES: Four federal agencies and Utah regulators reached settlements with the company.
WASHINGTON-- American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.
VENTURA, Calif.-- A. 45- caliber gun once owned by Butch Cassidy has sold at auction in Southern California for $175,000. Cassidy, the infamous Old West bank robber, bought the revolver in a hardware store in Vernal, Utah, in 1896. He turned it over to Utah authorities in early 1900 in an unsuccessful attempt to gain amnesty.
WASHINGTON-- American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.
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