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Unpaid AmEx Credit Card Bonuses Mentioned In CFPB's Latest Order

Monday, October 1, 2012 - 3:22 PM
One of the illegal practices mentioned in the CFPB press release was not paying out a sign-up bonus:
Deceived consumers who signed up for the American Express “Blue Sky” credit card program: Consumers were sometimes led to believe they would receive $300 in addition to bonus points if they signed up for this American Express Centurion Bank program. But consumers who met the qualifications did not receive the $300. This violates federal laws prohibiting deceptive practices.

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Perhaps this will help to encourage banks to honor their bonuses that they promise in their promotions.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634