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Published 9 years ago by AdelleChattre with 1 Comments
by AdelleChattre
9 years ago 1

Citi ordered to pay $770 million over credit card practices

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

Continue Reading http://www.reuters.com

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  • jmcs
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    Tuesday's settlement is about 1 percent of the bank's estimated revenue for 2015, according to Thomson Reuters StarMine.

    Citi shares were up 0.5 percent at $59.13 in late afternoon trading on the New York Stock Exchange.

    Now the $770 million dollar question is how much money did they make from illegal credit practices in total.

    9 years ago
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