Citi To Return Additional $4.5M In Overcharged Fees To 15,000 Investment Account Holders

Citi To Return Additional $4.5M In Overcharged Fees To 15,000 Investment Account Holders

Last October, Citigroup agreed to return a total of $16 million to nearly 30,000 customers after an investigation by the state of New York found the company overcharged some customers advisory fees on their investment accounts. While that redress seems pretty hefty, it wasn’t enough, with the financial institution now agreeing to pay an additional $4.5 million to another 15,000 account holders. [More]

Papa John’s Franchise Owner Faces Jail Time, $500,000 In Back Pay & Penalties For Skirting Wage Laws

Papa John’s Franchise Owner Faces Jail Time, $500,000 In Back Pay & Penalties For Skirting Wage Laws

For the third time this year, prosecutors have accused an owner of a New York-area Papa John’s pizza franchise of not paying employees minimum wage and overtime. This time, the franchise owner is accused of not only failing to pay his workers properly, but devising a scheme to carry out the non-payment through falsified tax documents. Now, he and his company are not only facing more than $500,000 in payments to employees and fines, but jail time. [More]

(Chris Blakeley)

Credit Bureaus Agree To Revamp Practices For Handling Errors, Unpaid Medical Bills

Experian, Equifax and TransUnion – the three largest companies to collect and disseminate credit information for millions of Americans – must undergo an overhaul of credit reporting practices as part of an agreement with the New York Attorney General’s Office. [More]

Walmart Settles Allegations It Charged New Yorkers Too Much For Coca-Cola Products

Walmart Settles Allegations It Charged New Yorkers Too Much For Coca-Cola Products

Overcharging customers $0.50 might not seem like a huge deal, but when the lower price was circulated in an advertisement, well, that constitutes false advertising. Such was the case for Walmart stores in New York recently. [More]

(Molly)

Reverse Mortgage Company Caught Mailing Deceptive Info To Seniors

Even under the best of circumstances, choosing to take out a reverse mortgage is a difficult and often costly decision for many senior citizens and their families. But when you throw in a number of half-truths and marketing materials designed to mislead consumers into thinking they are taking part in a government-run program, well, that’s just wrong. And the state of New York won’t stand for it as one company recent found out. [More]

Judge Rules In Favor Of Airbnb In NYC, Says Company Doesn’t Have To Hand Over User Info

Judge Rules In Favor Of Airbnb In NYC, Says Company Doesn’t Have To Hand Over User Info

Airbnb won one round in a battle against New York State Attorney General Eric Schneiderman yesterday, when a judge ruled that the company doesn’t have to hand over thousands of customer records. But the AG’s office says it’s already planning a new subpoena. [More]

Airbnb Pulls Thousands Of “Illegal” NYC Listings After State Attorney General’s Affidavit

Airbnb Pulls Thousands Of “Illegal” NYC Listings After State Attorney General’s Affidavit

In a battle that has been going on since last October, when New York State Attorney General Eric Schneiderman issued a subpoena seeking data about thousands of renters, Airbnb has pulled thousands of NYC listings. This, after Schneiderman filed an affidavit yesterday in support of his subpoena. [More]