8-KItem 7.01 · Reg FD Disclosure
American Express agrees to $350 million OCC penalty over compliance reviews
Filed with the SEC on · Summarized by InvestorsBot
American Express and its travel-services subsidiary agreed to Federal Reserve orders, while American Express National Bank agreed to an OCC order and a $350 million civil money penalty on October 8, 2026, resolving reviews of aspects of the company’s financial crimes compliance program. The company said part of the penalty was reserved in prior periods, so it will not affect its 2026 guidance; it also does not expect compliance-related costs to affect its 2027 guidance, and the orders impose no asset cap.