Citibank is paying $700 million to 8.8 million customers who were enrolled in credit monitoring or payment deferment programs without their permission or after giving the customers false information. Citibank will also pay a $35 million penalty. Discover Bank is refunding $16 million to its student loan borrowers to compensate for procedural errors. In many cases the bank stated that the minimum amount due was larger than it was. The bank will also pay a $2.5 million penalty and has promised to reform a host of illegal practices in its student lending business and especially in student loan collections.