American Express has agreed to pay approximately $230 million to resolve investigations by the U.S. Department of Justice and the Federal Reserve into its past sales practices. The investigations focused on allegations of deceptive marketing and wire fraud related to the sale of credit card and wire transfer products to small business customers. The settlement includes a $138.4 million payment, with $108 million designated as fines, and a non-prosecution agreement to end the criminal and civil probes by the Department of Justice. Additionally, American Express has reached an agreement in principle with the Federal Reserve, expected to be finalized in the coming weeks. The company stated that it cooperated extensively with investigators, discontinued certain products, disciplined staff, and enhanced compliance and training programs. The issues in question were resolved by no later than 2021, and the financial impact of the settlement does not affect American Express's 2024 earnings forecast.