Federal Investigators Probing AmEx Card Sales Practices
Federal investigators are probing business card sales practices at American Express. The inspectors general offices of the Treasury Department, FDIC and Federal Reserve are investigating whether AmEx used aggressive and misleading sales tactics to sell cards to business owners and whether customers were harmed. They are also examining whether specific employees contributed to the alleged behavior and if higher-level employees supported it. [The Wall Street Journal]
Online sales continue to show significant growth
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Retail’s Online Future Grows Brighter after Pandemic Bump
Online shopping has been a lifeline for many as the virus pandemic shuttered stores and kept people at home. The Covid-19 pandemic has accelerated the change in how people shop in a world growing more comfortable and savvier with technology. Online sales are likely going to take up a progressively bigger portion of…