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."
