Tuesday, December 24

Tag: Citi

Citi illegally discriminated against Armenian-Americans, feds say
8Nov By adminNo Comments
Money

Citi illegally discriminated against Armenian-Americans, feds say

Citigroup for years illegally discriminated against credit-card applicants who the bank identified as Armenian-American, according to U.S. financial regulators.Officials with the Consumer Financial Protection Bureau (CFPB) said Wednesday that Citi trained employees to deny applications from people with last names ending in "yan" or "ian" — the most common suffix in Armenian last names — as well as applications that originated from Glendale, California, which is home to a large Armenian-American population. Bank workers also hid their wrongdoing by purposely not taking notes or recording the conversations they had with Armenian-American consumers, the CFPB charged in revealing the findings of an investigation that focused on credit-card applications Citi received between 2015 and 2021.  ...
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Citi to Pay $25.9M For Discriminating Against Armenian-American Credit Card Applicants
8Nov By adminNo Comments
Money

Citi to Pay $25.9M For Discriminating Against Armenian-American Credit Card Applicants

Citigroup will pay $25.9 million in fines and redress to consumers after illegally discriminating against credit card applicants that the bank identified as Armenian American, according to the Consumer Financial Protection Bureau.“Citi stereotyped Armenians as prone to crime and fraud,” CFPB Director Rohit Chopra said. “In reality, Citi illegally fabricated documents to cover up its discrimination.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Citi to Cardholders: Go Paperless or Else
4Nov By adminNo Comments
World

Citi to Cardholders: Go Paperless or Else

Some Citigroup credit-card customers are getting a stark warning from the bank: Go paperless or lose access to your online account.  Banks and credit-card companies have been nudging customers to give up paper statements for years. Aside from the environmental benefits of not printing millions of pages, banks have said switching to digital statements is also a cost-saving measure.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Citi to Cardholders: Go Paperless or Else
3Nov By adminNo Comments
Money

Citi to Cardholders: Go Paperless or Else

Some Citigroup credit-card customers are getting a stark warning from the bank: Go paperless or lose access to your online account.  Banks and credit-card companies have been nudging customers to give up paper statements for years. Aside from the environmental benefits of not printing millions of pages, banks have said switching to digital statements is also a cost-saving measure.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Citigroup fires employee for antisemitic social media post
20Oct By adminNo Comments
Money

Citigroup fires employee for antisemitic social media post

San Francisco DA warns against hate crimes after anti-Israel graffiti found San Francisco DA warns against hate crimes after anti-Israel graffiti found 00:48 Citigroup has fired an employee for posting an antisemitic comment on social media.The bank earlier on Thursday said it was looking into the matter after a worker's post was screenshotted and posted on the social media website X by the group Stop Antisemitism. "We terminated the employment of the person who poste...
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