American Express Under Investigation for Deceiving Customers about Foreign Exchange Rates E-mail
September 17, 2018

American Express may be deceiving consumers of foreign exchange rates. 

The FBI has launched an investigation into American Express Co.’s pricing practices related to the AXP +1.15% foreign-exchange unit. The investigation is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business. Current and former employees, allege that AmEx’s foreign-exchange unit had recruited business clients with offers of low currency-conversion rates before raising prices without warning.

If you or anyone you know may have done foreign – exchange unit business with American Express, please contact Finkelstein Thompson LLP. You can reach us at This email address is being protected from spam bots, you need Javascript enabled to view it or call us toll-free at 1-844-280-5009.