American Express faces enforcement action over late fees
American Express Co., the largest credit-card issuer by spending, is facing an enforcement action by the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over late fees the company charged some charge-card customers, American Express said Friday in a regulatory filing.
Only months after it backtracked on debit card fees, Bank of America is testing new checking account fees that would go into effect unless customers agree to certain conditions, such as banking online, according to a report by the Wall Street Journal.