Comment on Citigroup will refund customers $335 million after discovering it charged too much credit-card interest

Citigroup will refund customers $335 million after discovering it charged too much credit-card interest

Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn’t properly reflect the full benefit customers should have...

 

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