American Express has agreed to pay $230 million to settle charges in two cases brought by federal officials.The financial services firm will pay $138 m

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.

Under a nonprosecution agreement the company is to pay a $77.6 million fine and forfeit $60.7 million for the revenue that could have been owed from its Payroll Rewards and Premium Wire programs.

American Express agrees to pay $138 million to settle allegations of misleading tax advice, prompting reforms in its sales practices.

The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products mainly aimed at small and mid-size businesses, New York tax officials said. View

The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.

American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products.

The American Institute of CPAs (AICPA) has expressed strong support for new bipartisan legislation that would empower the Internal Revenue Service (IRS) to extend federal tax deadlines following state-declared disasters. This proposed change aims to provide timely relief to taxpayers affected by such emergencies.

Former Oakland Mayor Sheng Thao, her longtime partner and two local businessmen were named in an indictment unsealed Friday alleging the four conspired to funnel city business to companies owned by the men in exchange for money and benefits to Thao and her partner.

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.

World Bank says economy is growing steadily

Washington, January 21 (IANS) President Donald Trump has announced to establish the External Revenue Service to "tariff ... the trade system "to protect American workers and families".