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Violation Tracker Individual Record

Company: Citibank
Current Parent Company: Citigroup
Penalty: $4,200,000
Year: 2021
Date: February 8, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Citibank agreed to pay a total of $4.2 million refunds in settlement of allegations by the Attorneys General of Iowa, Massachusetts, New Jersey, North Carolina and Pennsylvania that it overcharged credit card interest to customers who were entitled to reductions in APR under the requirements Credit Card Accountability Responsibility and Disclosure Act.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.