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Citibank to pay $700 million over credit card practices: U.S. regulator

    WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau ordered Citigroup Inc's consumer bank to pay $700 million in relief to borrowers for what the agency said on Tuesday were illegal credit card practices.

    The consumer watchdog said about 7 million customer accounts were affected by Citibank's "deceptive marketing" practices, including misrepresenting costs and fees and charging customers for services they did not receive.

    (Reporting by Elvina Nawaguna; Editing by Emily Stephenson)

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