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 To Pay $770M In Credit Card Settlement With Feds

Law360, New York (July 21, 2015, 11:58 AM EDT) -- Citigroup Inc. on Tuesday agreed to pay $770 million in consumer relief and civil penalties in settlements over deceptive credit card add-on products and problems with debt collection on its credit cards with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency.

Citibank will pay $700 million in relief directly to affected consumers, as well as $70 million in civil penalties to the CFPB and the Office of the Comptroller of the Currency. (Credit: AP) The settlement will see Citibank N.A.,...
To view the full article, register now.
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.