Citigroup discloses credit card rate issues

FAN Editor
The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren

February 23, 2018

NEW YORK (Reuters) – Citigroup Inc <C.N> said on Friday that it had found “methodological issues” in figuring credit card interest rates and that it will provide “remediation” to affected customers.

The disclosure came in an annual filing with the U.S. Securities and Exchange Commission and did not say how much money or how many accounts were involved. Citigroup said it “self-reported the issues” to regulators.

(Reporting by David Henry in New YorkEditing by Chizu Nomiyama)

Free America Network Articles

Leave a Reply

Next Post

Curling: South Korea edge out Japan to reach final

Curling – Pyeongchang 2018 Winter Olympics – Women’s Semi-final – South Korea v Japan – Gangneung Curling Center – Gangneung, South Korea – February 23, 2018 – South Korea players celebrate after winning. REUTERS/John Sibley February 23, 2018 By Steve Keating GANGNEUNG, South Korea (Reuters) – South Korea secured their […]