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KM Financial Solutions | UPDATE 1-Citi avoids fine for overcharging interest to credit card customers
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UPDATE 1-Citi avoids fine for overcharging interest to credit card customers

28 Jun UPDATE 1-Citi avoids fine for overcharging interest to credit card customers

Posted at 18:19h in News by
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WASHINGTON/NEW YORK, June 29 (Reuters) – The U.S. regulator
for consumer finance said on Friday it would not penalize
Citigroup for overcharging credit card customers provided
the bank returns $335 million to the 1.75 million borrower
accounts that are due refunds.

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