Office of Public Affairs | Justice Department, Federal and State ...
WEBOct 8, 2014 · The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009.
Citigroup Fair Fund
WEBThe Fair Fund was deposited into an interest bearing account and it constitutes a Qualified Settlement Fund under Section 468(g) of the Internal Revenue Code, and related regulations, 26 C.F.R. §§ 1.468B-1 through 5.
Justice Department, Federal And State Partners Secure Record $7 …
WEBJul 6, 2015 · WASHINGTON – The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009.
U.S. Trustee Program Announces Settlement with CitiGroup Inc ...
WEBMay 26, 2015 · WASHINGTON — The U.S. Trustee Program (USTP) today announced the unsealing of a settlement with Citigroup Inc. (Citi) that protects the personal information of nearly 150,000 consumers in 85 jurisdictions around the country. Citi agreed to redact proofs of claim filed in bankruptcy cases nationwide in which the personal information of ...
Citigroup whistleblower denied share of $400 million penalty
WEBNEW YORK, Aug 6 (Reuters) - A federal appeals court on Tuesday said a Citigroup (C.N) vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in...
Citigroup whistleblower denied share of $400 million penalty
WEBAug 6, 2024 · A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management...
CFPB Orders Citi Subsidiaries to Pay $28.8 Million for Giving the ...
WEBJan 23, 2017 · The CFPB is requiring CitiMortgage to pay an estimated $17 million to compensate wronged consumers, and pay a civil penalty of $3 million; and requiring CitiFinancial Services to refund approximately $4.4 million to consumers, and pay a civil penalty of $4.4 million.
Citi inks $7 billion mortgage settlement - CNN Business
WEBJul 24, 2014 · Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis. It includes $4 billion in penalties, $2.5 billion in mortgage...
Citigroup (C) Settles Money Laundering Probe, To Pay $97M - Yahoo Finance
WEBMay 23, 2017 · On Monday, banking giant, Citigroup Inc. (C), and the U.S. Department of Justice (DOJ) entered into a settlement agreement related to the criminal investigation at the bank's Banamex USA (BUSA)...
Citigroup’s Settlement, Pro and Con - The New York Times
WEBJul 17, 2014 · Citigroup’s $7 billion settlement of charges that it sold bad mortgage securitizations is a classic example of prosecutors striking a deal that seemingly has little to do with what the...
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