Citi Forces Credit Card Users To Switch To Digital Statements, Or Lose Access To Digital Account
Portfolio Pulse from Nabaparna Bhattacharya
Citigroup, Inc. (NYSE:C) is reportedly asking credit card holders to use digital bills, or they might lose access to their online accounts. This initiative is part of a 'beta program' for customers who manage their accounts online but continue to receive paper statements. Lawyers and consumer advocates argue that the policy challenges federal regulations. Citigroup's shares are trading higher by 2.53% to $42.40.

November 03, 2023 | 6:05 pm
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Citigroup's new policy of forcing credit card users to switch to digital statements or lose access to their online accounts could potentially lead to legal challenges. Despite this, the company's shares are trading higher.
The news directly pertains to Citigroup and its new policy. While the policy could potentially lead to legal challenges, it is unclear how this will impact the company's stock in the short term. Despite the potential regulatory issues, the company's shares are currently trading higher.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100