Citigroup will return customers $335 million for overpayment on credit cards

Citigroup, one of the largest banks in the US, independently identified overpayment of customers with their credit cards in total of $335 million and informed the American Bureau of Consumer Protection in the financial sector. The regulator ordered the US bank to pay customers this amount, but did not fined it. The Bureau reports that about 1 million 750 thousand credit card holders had paid the bank more than they had to because it did not recalculate and did not lower interest rates for such cards.

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