Citibank Slapped With $30 Million Fine For Leaving Hundreds Of REO Properties Vacant Past The 5-Year Limit Federal banking regulators have slapped Citibank with a $30 million fine. An investigation found that the bank was not selling foreclosed homes back into the market fast enough. The Office of the Comptroller of the Currency announced it […]
Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]
The CFPB Lists The Most Complained About Banks For 2017 The CFPB may be going through changes with the GOP Congress and the Trump Administration trying to dismantle it from within. However, consumers love the agency and have no problem filing complaints about their banks and lenders. LendEDU put together a list of banks that received the most consumer […]
Federal Appellate Court Votes 3-0 To Reverse Lower Judge’s Ruling On Miami Ghetto Loans Lawsuit Against Wells Fargo, Bank of America and Citigroup A federal appeals court last week revived the Miami Ghetto Loans lawsuit that accused Wells Fargo & Co, Bank of America Corp and Citigroup of predatory mortgage lending or “ghetto loans” […]
Elizabeth Warren And Wall Street Banks Esculate War of Words Last week, Bank of America, Citigroup, J.P. Morgan and Goldman Sachs held a secret meeting discussing the possibility of withholding campaign contributions to Democrats in key races next year because of Massachusetts Senator Elizabeth Warren’s push for stricter financial reform and for several banks […]
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