Foreign Exchange Fees at Citibank
June 2019: A federal judge granted the bank’s motion to compel arbitration and the case was stayed pending the outcome of arbitration.
February 2019: A class-action lawsuit was filed against Citibank for allegedly misleadingly representing that it charges Foreign Exchange Fees on transactions made outside of the United States without disclosing that it also charges such fees on transactions conducted within the United States on international websites. (Sponheim et al v. Citibank, N.A., Case No. 19-cv-264, C.D. Cal.)
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