NEW YORK Oct 31 The U.S. Justice Department
has asked American Express Co (AXP.N) for information about the
credit card company's merchandising policies, according to a
company filing on Friday with securities regulators.
American Express said the Antitrust Division of the Justice
Department on Oct. 14 requested information about its policies
on merchant surcharging and its "anti-steering" policies that
prohibit merchants from discriminating against the AmEx credit
card in favor of other forms of payment.
The company, the fourth-largest U.S. credit card lender,
said the request did not represent the beginning of legal
proceedings or presuppose antitrust violations.
American Express, hammered recently by bad debts and
increasing financing costs, said it intended to cooperate with
(Reporting by Juan Lagorio, editing by John Wallace)