Posted in Uncategorized

Citibank Must Pay $700M Over Illegal Marketing, Collection Practices

Consumerist

(cmorran123) (cmorran123)

The Consumer Financial Protection Bureau ordered Citibank and one of its subsidiaries to pay $700 million in relief to more than 8.8 million consumers for engaging in a string of illegal credit card practices, including deceptively marketing and billing for debt protection and credit monitoring services, and misrepresenting fees related to debt collection actions.

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