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

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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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    3 Comments
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    rich 5T Resedant
    rich 5T Resedant
    14 years ago

    A Citigroup spokesman was not immediately available to comment.

    I voted with my feet. I left thouse guys.

    gut gesucht?

    Anonymous
    Anonymous
    14 years ago

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

    Anonymous
    Anonymous
    14 years ago

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