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Amex to refund millions in foreign exchange fees.

Publication: Business Travel News
Publication Date: 07-FEB-05 		Format: Online - approximately 517 words
Delivery: Immediate Online Access

Article Excerpt
American Express cardholders last month received notice of a class action settlement in which the corporate card giant will refund currency conversion lees assessed between March 1997 and October 2004.

American Express will refund between $30 million and $75 million as the result of a suit filed in the U.S. District Court in the Southern District of Florida, alleging that American Express for years did not adequately disclose its foreign exchange lees. The company did not...

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