Citigroup must repay $335 million to credit-card customers for APR violations

Citigroup will have to pay consumers $335 million after failing to reevaluate and reduce annual percentage rates for consumer credit card accounts, . Citi imposed interest charges on an estimated 1.75 million consumer accounts in excess of $335 million of what should have been imposed, the agency said. No fine on top of that was given to Citi because the bank self-identified the problem and reported the violations to the agency.