The Financial Times reported yesterday that Citigroup is raising credit card interest rates on 15 million customers. Citigroup has received three taxpayer-funded bailouts totaling $45 billion and the latest plan to keep the failed bank afloat gives the government and taxpayers a 34 percent stake in the company.

Said SEIU's Anna Burger, "It's shameful that Citigroup would raise interest rates on millions of Americans during a time when record unemployment and home foreclosures are forcing families to rely more and more on their credit cards just to get by." This news comes a week after Citigroup announced it is also raising salaries by as much as 50 percent for investment bankers and other top executives, to accommodate for smaller annual bonuses. Citigroup needs to commit to give any new raises to front-line bank employees, who struggle just to make ends meet while dealing with the rising costs of healthcare, not top executives who have contributed to this mess.

Signing petitions for change on Twitter

Sign and Tweet this petition - Tell @Citi_Forward (Citigroup) to give raises to front-line bank workers, not top executives: http://act.ly/2h. Retweet to sign.

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