American Express (NYSE:AXP) agreed to pay a $108.7M civil penalty to resolve allegations that the credit card company deceptively marketed credit card and wire transfer services to small businesses, the U.

The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.

Credit card company American Express has agreed to pay $108.7 million to settle allegations that it engaged in deceptive marketing practices, the U.S. Justice Department said on Thursday.

American Express (AXP) agrees to pay $108.7M civil penalty for deceptive marketing of credit card and wire transfer services, DOJ says.