Reportedly, the Australian securities regulator has approached the court against the local unit of American Express Company (AXP) alleging two of its credit cards co-branded in association with retailer David Jones were issued to customers without ensuring that they understood the details around them. The lawsuit stated that the card giant knew users would be confused about the features and usage of the loyalty card & credit card.
Dow 30 component American Express Company (AXP) and its subsidiaries provide customers and businesses with charge and credit payment card products and travel-related services globally. They look to enrich the lives of their customers and build business success. To learn more about American Express Company (AXP) and to continue to track its progress please visit the Vista Partners American Express Coverage Page.
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