Citi avoids CFPB fine for overcharging cardholders millions

Source: Jesse Hamilton & Jennifer Surane, Bloomberg

Citigroup Inc. got a break from the Consumer Financial Protection Bureau, avoiding a fine after failing to adjust rates for cardholders and costing them more than $335 million. The agency, which is being reshaped under President Donald Trump, announced the decision Friday.

Read Full Article: Citi avoids CFPB fine for overcharging cardholders millions

 

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