American Express plans to target charge card customers and Mexicans with clean credit histories, and hopes to become one of the four largest credit card companies in Mexico, with close to 1 . 5 million accounts, said Edmundo Perez do Cobos, president of American Express Mexico.
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"They prey on people who are plagued by poor credit, people who may be desperate to develop a clean credit history so they can get a loan, get a job or buy a car, " said Jody Bernstein, director of the Federal Trade Commission's bureau of consumer protection.
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