Coverage dated November 7, 2023 to November 8, 2023
Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million
Headline from Courthouse News Service
“Citi stereotyped Armenians as prone to crime and fraud. In reality, Citi illegally fabricated documents to cover up its discrimination.”
Courthouse News Service's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
NEW YORK >> Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday.
The bank agreed to pay nearly $26 million to settle claims that its employees denied an immigrant community in Southern California fair access to its credit cards.
Citibank illegally discriminated against Armenian Americans for years by singling them out on credit card applications based on their surnames, a federal regulator alleged on Wednesday.
NEW YORK — Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday, as the bank argued internally that Armenians were more likely to commit fraud and referred to applicants as “bad guys” or affiliate…
Citigroup singled out credit-card applicants suspected of being of Armenian descent based on their surnames, the Consumer Financial Protection Bureau said.
The CFPB found that Citi employees were trained to avoid approving applications with last names ending in “yan” or “ian” — the most common suffix to Armenian last names.
Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday. According to the agency, Citibank argued internally that Armenians were more likely to commit fraud and referred to applicants as “bad guys” o…
Citigroup Inc. was ordered to pay $25.9 million in fines and redress for illegally discriminating against credit-card applicants the bank identified as Armenian American.
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 CFPB.
The Consumer Financial Protection Bureau ordered Citi to pay a $25.9 million fine Wednesday for intentionally and illegally discriminating against Armenian American credit card applicants.
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Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million | Since Then
