Skip to content

Citibank to pay $335 in restitution for Reg Z credit card violations

Sioux Falls, SD
Fine Amount: 
$335 restitution
Penalty Type: 
Issued by: 

The Bureau of Consumer Financial Protection has announced that it has issued a consent order of restitution to Citibank, N.A., for violating the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) for approximately 1.75 million consumer credit card accounts consistent with regulatory requirements, and by failing to have reasonable written policies and procedures to conduct the APR reevaluations consistent with regulation. Under the terms of the consent order, Citibank must correct these practices and pay $335 million in restitution to consumers affected by these practices.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties