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Citibank Guilty of Theft Against its Customers

Tuesday, March 26th, 2019 (No comments yet)
Businesses, Money
Banks aren't supposed to steal from customers
(Image used under: Creative Commons 2.0 [SRC])

California, a historically consumer-friendly state, has recently won a settlement against Citibank for over 14 million dollars in theft from its customers. They apparently used a computer program to "sweep" up positive balances due to double paid bills or merchandise returns from customers' accounts into the Citibank's general fund.

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