US EditionCFPB Ends Citi Consent Order 3 Years Early
Citibank paid $25.9 million in fines and redress without admitting wrongdoing after CFPB alleged discrimination against Armenian-Americans based on surnames in California.
5 Articles
5 Articles
Trump administration terminates Citibank consent order prohibiting Armenian American discrimination
The Consumer Financial Protection Bureau has terminated a consent order prohibiting Citibank from discriminating against Armenian American customers three years before it was to expire.
Trump CFPB halts Biden-era Citi discrimination case
Hold onto your wallets, folks -- the Consumer Financial Protection Bureau under President Donald Trump just dropped a bureaucratic bombshell by terminating a Biden-era case against Citigroup that had more holes than a slice of Swiss cheese, as Breitbart reports. The crux of the matter is that the CFPB, now led by Acting Director Russ Vought, ended a contentious case alleging that Citigroup discriminated against Armenian credit card applicants, a…
Trump Administration Cancels Citibank Settlement for Discrimination Against Armenians
Senator Adam Schiff Sen. Schiff Blasts ‘Free Pass’ to Citibank The United States Consumer Financial Bureau earlier this month terminated an order compelling Citibank to pay a $25 million settlement that held Citibank accountable for its discrimination against Armenian credit card customers. The same federal agency reported in 2023 that Citibank illegally had discriminated against Armenian-Americans for years by singling them out on credit card a…
CFPB Ends Citibank Case Over Alleged Discrimination Against Armenian Applicants
The Consumer Financial Protection Bureau (CFPB) has officially dropped its high-profile case against Citibank NA, ending a year-long legal battle over allegations that the banking giant systematically discriminated against credit card applicants with Armenian-sounding last names. The decision, filed Thursday, terminates the 2023 consent order that accused Citi of unfairly flagging, denying, or delaying retail-branded credit card applications fro…
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