Industry News

CitiFinancial agrees to $70 million fine

Penalty stems partly from mortgage lending
Published on May 27, 2004

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by CareyBot

Citigroup and CitiFinancial Credit Co., a non-bank subsidiary of Citgroup, have agreed to pay a $70 million civil fine as outlined in a cease and desist order issued by the Federal Reserve Board. The order, announced today, assesses a civil ...