“CFPB Decides Not to Fine Citi on Overcharges,” The Wall Street Journal, June 30, 2018 B12. Company failed to lower credit card interest rates for some customers when it should have. It will refund the overcharges and fix its practices, but won’t pay a fine.
Citi self-reported, and proposed full restitution.
Would this have happened under the prior Director at the CFPB? Or would the offense have led to a large fine as well? To what purpose?
infogovnuggets 