Feb 24, 2021
HARRISBURG Citibank will refund $1,063,041 to 7,000 Citi credit card accounts in Pennsylvania to resolve allegations that it illegally overcharged credit card interest.
The settlement was led by Pennsylvania and achieved in partnership with the attorneys general of Iowa, Massachusetts, New Jersey and North Carolina. Citi is paying the five states a total of $4.2 million and 25,000 current and former Citi customers will receive refund checks.
“Citi failed to meet its legal obligation to consumers, and charged thousands of Pennsylvanians for bogus interest payments,” said Josh Shapiro, state attorney general. “Today, our office got back more than $1 million for those Pennsylvanians who were overcharged. When banks step out of line, we will hold them accountable.”
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