New Jersey Consumers will Receive a $1.1M Settlement from Citibank for Overcharging Credit Cards
TRENTON — Attorney General Gurbir S. Grewal announced today that Citibank will pay a total of $4.2 million to eligible consumers in New Jersey and four other states to resolve allegations the company overcharged credit card interest for tens of thousands of consumers.
As a result of the settlement, Citibank will refund a total of approximately $1.13 million to more than 7,000 eligible New Jersey consumers. Eligible consumers in New Jersey will receive between $55.93 and $2,256.76 each, with an average refund per consumer of about $159.
North Carolina, Pennsylvania, Iowa, and Massachusetts are also participating in the Citibank settlement include. Overall, approximately 25,000 current and former Citibank customers will receive refund checks as a result of the agreement.
