American Express Interest Rate Class Action Settlement
Class Eligibility
To be a member of this settlement you need to be a person or entity in the United States who had a consumer or small business AmEx credit card or charge account with American Express Bank FSB or America Express Centurion Bank and:
- Had a fixed annual percentage rate on the account that was increased or changed to a variable rate between Oct. 1, 2005 and Dec. 31, 2010; or
- Had a fixed annual percentage rate on the account and were provided notice of an increase in the fixed rate or a change from a fixed rate to a variable rate between Oct. 1, 2005 and Dec. 31, 2010.
Estimated Amount
$32.50
Proof of Purchase
last five digits of the AMEX card affected
Case Name
Alfredo M. Lopez, et al. v. American Express Bank FSB, et al.,Case No. 2:09-cv-07335-SJO-MANDistrict Court for the Central District of California, Western Division
Case Summary
According to the plaintiff AMEX increased the interest rate on an account with fixed interest
The plaintiff claimed that AMEX increased his interest even when he was not past due. This practice was deemed to be a breach of covenant
AMEX denies the allegations but agrees to settle
Settlement Pool
$6,000,000
Settlement Website
Deadline
08/30/2016
Contact
Lopez v. AMEX Settlement Administrator
P.O. Box 3747
Portland, OR 97208-3747
1-877-803-8698
info@APRSettlement.com