In December, payoff checks started arriving from Citibank's class-action lawsuit settlement that required it to refund overcharges for credit-card fees, but since the $18 million payout had to be split among 20 million customers and former customers, the checks were for as little as 4 cents, while the lawyers who brought the lawsuit shared $7.2 million. A major Citibank "abuse" corrected by the lawsuit: It was charging interest from 10 a.m. on the payment-due date but agreed to start charging it only as of 1 p.m. [Miami Herald, 1-8-04]
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