Citibank Lawsuit

Will Repay $14 Million to Credit Card Customers

Citibank to Repay $14 Million to Credit Card Customers

Citibank has agreed to pay more than $14 million to 53,000 of its national credit card customers, and $3.5 million to the State of California, as settlement of an outstanding lawsuit.

The suit alleged that the bank used a computer program to sweep customers' accounts of money as payment on their cards, without notifying their customers. This resulted in overpayments. Calfornians lost more than $1.6 million between 1992 and 2003, when this procedure was in place.

A whistleblower, Albert Mellon IV, who worked for Citicorp Credit Source in Kansas City, filed a lawsuit in 2003. He will receive $300,000 as part of the settlement.

AUG-28-08: Citibank settles with state, to repay millions [SFGATE: CITIBANK REPAYS MILLIONS]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below. Related Law Suits

Citibank Law Suit and Settlement

H&R Block Reaches Multi-Million Dollar Settlement Over Fraudulent IRAs Law Suit and Settlement

Preliminary $25 Million Settlement Reached in Vitamin Price Fixing Suit Law Suit and Settlement

Class Action Settlement Monies to Feed Hungry Kids Law Suit and Settlement

Sea Star Agrees $18.5M Settlement in Anti-trust Class Action Law Suit and Settlement

AIG Agrees $725 Million Settlement in Pension Funds Class Action Law Suit and Settlement

Component Hardware Reaches Class Action Settlement Law Suit and Settlement

$173M Settlement Reached in Chip Antitrust Suit Law Suit and Settlement

AIG Law Suit and Settlement

OSB Antitrust Law Suit and Settlement

See more stories from this source.

Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits

Lawyers! Become an Approved Expert to Answer Questions.

Apply Now!
You'll get lots of targetted traffic to your website and new client leads!