Comment on Citi to refund $700M for deceptive card practices

Citi to refund $700M for deceptive card practices

<span style="font-size: 12px;">NEW YORK - Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.The order, coming from the Consumer Financial Protection Bureau, is the latest multimillion dollar settlement against the largest credit card issuers for their role in selling "add-on" products to customers, such as credit score monitoring or "rush" processing of payments.

 

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