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New York, NY - Under Pressure, Citigroup Bank Drops Certain Checking Fees

Published on: February 1, 2010 04:03 PM
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New York, NY - Citigroup has agreed to suspend plans to charge fees on certain kinds of checking accounts as part of a settlement reached with the New York Attorney General’s office.

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The fees would have affected more than 1 million customers.

State Attorney General Andrew Cuomo says Citi failed to provide adequate disclosures and offer a free checking program long enough before implementing the fees.

The fees, which would’ve cost customers between $100 and $120 a year, were supposed to go into effect Monday. That’s when Mr. Cuomo’s office announced the settlement with Citi.

A Citigroup spokesman was not immediately available to comment.


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Read Comments (3)  —  Post Yours »

1

 Feb 01, 2010 at 06:29 PM rich 5T Resedant Says:

A Citigroup spokesman was not immediately available to comment.

I voted with my feet. I left thouse guys.

gut gesucht?

2

 Feb 01, 2010 at 10:23 PM Anonymous Says:

all the big banks have crooked fees, and end to the crookedness is needed its about time

3

 Feb 02, 2010 at 02:02 PM Anonymous Says:

what about all the fees that we have paid until now? i think there should be a class action for some refunds here

4

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