We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Citi, Discover Bilked Student Loan Borrowers, Suit Says

Law360, New York (April 27, 2012, 3:15 PM EDT) -- Citibank NA and Discover Bank ripped off borrowers by tricking them into thinking interest rates on their student loans had been reduced, when in fact the customers were unwittingly paying lower amounts of principal, according to a proposed class action filed Wednesday.

In a complaint filed in New York federal court, borrower Justin A. Kuehn says he began making $845 monthly payments about four years ago. Early this year, his bills abruptly fell to $540 per month, after which Citibank sent a “false explanation” for the...
To view the full article, register now.




Case Information

Case Title

Kuehn v. Citibank, N.A. et al

Case Number



New York Southern

Nature of Suit

Contract: Other


Denise L. Cote

Date Filed

April 25, 2012


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.