Tuesday, July 21, 2015

Citibank To Refund $700 Million For Illegal Credit Card Practices

Citibank To Refund $700 Million For Illegal Credit Card Practices

"Citibank has agreed to refund an estimated $700 million to about 8.8 million credit card customers for deceptive marketing, billing and other illegal practices, federal regulators said Tuesday.

In addition to the refunds, Citibank was fined a total of $70 million by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, which regulates national banks."

No comments:

Post a Comment