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Citigroup to pay $25.9 million to settle U.S. discrimination claims

2023-11-08 21:58
Citigroup Inc has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau charges it intentionally
Citigroup to pay $25.9 million to settle U.S. discrimination claims

Citigroup Inc has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau charges it intentionally discriminated against credit card applications who the bank identified as Armenian-American.

The payment includes a $24.5 million fine as well as $1.4 million to harmed customers, the regulator said on Wednesday.

(Reporting by Jonathan Stempel in New York; Editing by Andrew Heavens)