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Top 5 News Articles

Citi to Refund $330 Million to Credit Card Customers It Overcharged

February 23,2018 11:21 AM
Citigroup discovered the error as it conducted a review required by the CARD Act, which took effect in 2011. The federal law, enacted after the 2008 financial crisis, requires credit card issuers to review the accounts of customers whose interest rates have risen after incidents like missed payments or ...

Citi Says Issues Arise With Credit Card Interest Rate Calculations

February 23,2018 11:00 AM
23) that it uncovered “methodological issues” with how it calculates credit card interest rates and will offer “remediation” to those customers impacted by such calculations. As noted by Reuters, and, in an additional statement from Citigroup, the banking giant — which is the third-largest card lender in the ...

Enterprise ends NRA discount; Nebraska bank halts credit card

February 23,2018 09:54 AM
... one-year NRA membership!” It also noted Enterprise “offers members an unspecified discount.” On Thursday, the bank webpage that advertised the NRA card had been disabled. A cached version of the site touted the card as “the official credit card of the NRA” and noted the benefits of membership.

Citigroup discloses credit card rate issues

February 23,2018 08:48 AM
NEW YORK (Reuters) – Citigroup Inc <C.N> said on Friday that it had found problems with how it figures credit card interest rates and that it will provide “remediation” to affected customers. The disclosure of what Citigroup called “methodological issues” came in an annual filing with the U.S. Securities ...

Citigroup discloses credit card rate issues

February 23,2018 08:25 AM
NEW YORK (Reuters) - Citigroup Inc (C.N) said on Friday that it had found problems with how it figures credit card interest rates and that it will provide “remediation” to affected customers. ... The disclosure said the issues involved provisions of the U.S. law known as the CARD Act and Regulation Z.

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