Citi to Refund $330 Million to Credit Card Customers It Overcharged
Citigroup, one of country’s largest credit card issuers, said that customers holding 1.75 million accounts would receive average refunds of $190.
Citigroup is preparing to issue $330 million in refunds after the bank discovered it had overcharged nearly two million credit card accounts on their annual interest rates, a spokeswoman said on Friday.The bank, which has about 150 million credit card accounts, said it caught the error in a routine internal review mandated under federal law. Citigroup said it is had notified regulators about th...
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