Citigroup to Pay $7B Fine; Profit Falls

Citigroup, the third-largest U.S. bank by assets, will pay roughly $ 7 billion in fines and consumer relief to settle an investigation into risky subprime mortgages and resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis. Collections - Other Consumer

By |2014-07-18T09:44:32-05:00July 18th, 2014|FCRA|Comments Off on Citigroup to Pay $7B Fine; Profit Falls

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