American Express has agreed to pay $230 million to settle charges in two cases brought by federal officials.The financial services firm will pay $138 m

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.

American Express agrees to pay $138 million to settle allegations of misleading tax advice, prompting reforms in its sales practices.

The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products mainly aimed at small and mid-size businesses, New York tax officials said. View

The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.

NEW YORK - American Express Co (NYSE:AXP). has reached settlements with U.S. regulatory authorities over investigations into its past sales practices targeting small business customers. The financial services company has agreed to pay approximately $230 million in total to resolve the issues,

American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products.

American Express (NYSE:AXP) agreed to pay a $108.7M civil penalty to resolve allegations that the credit card company deceptively marketed credit card and wire transfer services to small businesses, the U.