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

Local

November 08, 2023

Reuters - Reuters

(Reuters) - 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)

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