On December 24, the FDIC and CFPB announced a settlement with American Express Centurion Bank concerning charges of unfair and deceptive marketing practices related to credit card “add-on products” in violation of Section 5 of the Federal Trade Commission (FTC) Act.  Together, the FDIC and CFPB will require restitution of no less than $40.9 million.  The OCC and CFPB also announced actions against other American Express affiliated institutions for the same unfair and deceptive practices.  Release.  Order.