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-MAN
District 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

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