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Citi told to pay US$770m over credit card practices

Thursday, July 23, 2015 - 05:50
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About seven million customer accounts were affected by Citibank's "deceptive marketing" practices.

Washington

CITIGROUP Inc's consumer bank has been ordered to pay US$700 million in relief to borrowers for illegal credit card practices, the US Consumer Financial Protection Bureau said.

The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been

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