Commentary: AmEx CEO explains battle against DOJ's credit card deal

10/8/2010 | Washington Post, The

Kenneth I. Chenault, chairman and CEO of American Express, explains that the Department of Justice recently sued Visa, MasterCard and AmEx, claiming that the credit card companies' rules push up prices for consumers. MasterCard and Visa settled, but American Express chose to fight. Chenault explains his company's stance, saying that the government's solution will do nothing for consumers.

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