You are here

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

About seven million customer accounts were affected by Citibank's "deceptive marketing" practices.


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...

Market voices on: