Mealey's Antitrust/Unfair Competition - Citibank Settles Overdraft Fees Suit For Up To $7.9 Million

Mealey's Antitrust/Unfair Competition - Citibank Settles Overdraft Fees Suit For Up To $7.9 Million

SAN FRANCISCO - Citibank Inc. will pay up to $7.9 million to settle allegations that it fraudulently charged its debit card customers overdraft fees, according to a document filed Feb. 14 in a California federal court by the plaintiff in a putative class action (Ronald S. Arendas v. Citibank Inc., et al., No. 11-6462, N.D. Calif.).

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