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Citi told to pay US$770m over credit card practices
Published Wed, Jul 22, 2015 · 09:50 PM
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 cracking down in recent years on credit card companies offering payment protection, credit score tracking and other add-on products.
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