Citibank faces penalties and must pay New York City $3.5 million for suspected fraud.
Citibank Ordered to Compensate Stroke Victim Citibank is facing a nearly $3.5 million payment obligation to an 80-year-old stroke victim from Queens after neglecting clear signs of fraud in her account and hiding evidence in a trial related to the case. A ruling from Queens Supreme Court Justice Bernice Segal on December 19 resulted in […]
Citibank is Discontinuing Citi Rewards Visa: Important Information for Cardholders
Changes Coming for Citi Rewards Visa Cardholders New York – Citi Rewards Visa cardholders should prepare for some upcoming changes as the bank has started informing customers about the final stages of the card’s phase-out process. In fact, the Citi Premiermiles Visa is already being phased out and will be replaced by a MasterCard version. […]
Trump administration asks Citibank to freeze $20B for Biden-era climate ‘slush fund’
The Trump administration ordered Citibank to freeze a $20 billion slash fund for the pop-up climate group provided by then-Duck President Joe Biden's Environmental Protection Agency, according to a court application Wednesday. Citibank's lawyers revealed in federal court that the financial institutions had “instructed the EPA and the Treasury Department to “suspend all further spending” […]
Bottom Line: Citibank signs alum as tax fight heats up
As Republicans prepare to pass the first major tax bill since the 2017 Tax Cuts and Employment Act, Citibank I was hired Ernst & Young LLP Lobbying on international and corporate tax-related issues, “including the application of US international tax rules to foreign income of US banks.” Bob Sherhas, Managing Director and Federal Affairs Director […]
Former Brooklyn Nets co- owner sues Citibank over closed card
The former co-owner of the Brooklyn Nets, who spent millions on Citibank credit cards, claims that Citibank “unceremoniously dumped” him and 29 million “Thank You Points” worth $300,000. There is. Arthur RabinThe Wear Me Apparel co-founder, who sold his interest in Brooklyn's basketball team several years ago, has made between $200,000 and $300,000 a month […]
Skokie wire fraud victim wins lawsuit against Citibank over drained trust account – NBC Chicago
It’s been nearly three years since a Skokie man had his Citibank account emptied by scammers. The complaint alleges that $121,000 held in a trust account belonging to his disabled sister was fraudulently transferred from his account within days. He said Citibank told them there was nothing they could do. Now, a new lawsuit against […]
Consumer Alert: State AG sues Citibank – News10NBC
New York Attorney General Letitia James is taking Citibank to court. She said that banks do a terrible job of protecting your money and that when thieves stole the money, Citibank did nothing to help. News10NBC consumer investigative reporter Deanna Dewberry reviewed the lawsuit, which includes some heartbreaking stories. One victim, referred to as “Consumer […]
Citibank sued by NY AG for allegedly failing to protect customers from scammers
The New York State Attorney General’s Office announced Tuesday that it is suing Citibank for failing to protect customers from electronic fraud and secure refunds for victims, costing customers in the state millions of dollars. Under litigation In a lawsuit filed in federal court in Manhattan, Attorney General Letitia James alleges that Citi’s lax security […]
Citibank sued over failure to defend customers against hacks, fraud – BleepingComputer
New York Attorney General Letitia James accused Citibank of failing to protect customers from hacking and fraud and refusing to refund victims after allowing fraudsters to steal millions of dollars from their accounts. sued. The New York State Attorney General’s lawsuit against Citibank alleges that the financial institution also illegally refused to repay fraud victims, […]
NY AG sues Citibank for failing to protect customers from hackers and scammers – CNN
new york CNN — New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, accusing the major bank of failing to do enough to protect and reimburse fraud victims. The suit alleges that Citi’s weak security and fraud prevention measures have caused New York customers to lose millions of dollars (and in […]