Contact Us
Norwalk Daily Voice serves Norwalk & Rowayton
Return to your home site

Menu

Norwalk Daily Voice serves Norwalk & Rowayton

Nearby Towns

Breaking News: Severe Storms With Gusty Winds, Heavy Rain Moving Through Area
business

Citigroup Will Refund 1.75 Million Credit-Card Customers $335M

Citigroup
Citigroup Photo Credit: Citigroup

One of the world's largest credit-card issuers said it will issue a whopping total of $335 million in refunds to U.S. customers whose annual percentage rate should have been lower.

New York-based Citigroup said a method that it utilized to calculate annual percentage rates did not properly reflect the full benefit customers should have received for good behavior, including paying on time.

Approximately 1.75 million credit card accounts were affected since 2011. Refunds will be about $190 per customer.

Will you be getting cash back? You'll have to wait to find out.

Citigroup said it's now reviewing accounts and plans to have refund checks mailed by the second half of the year.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Norwalk Daily Voice!

Serves Norwalk & Rowayton

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.