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New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, alleging the big bank failed to do enough to protect and reimburse victims of fraud.
James' lawsuit asked Citibank to disgorge profits, pay a $5,000 fine for each instance in which it violated the law, and appoint a third-party monitor to identify all customers who were harmed.
A class-action lawsuit seeks to punish Citibank for arbitrarily denying the applications and closing the accounts of people with Armenian-sounding last names under the aegis of fraud prevention.
Smiley v. Citibank, 517 U.S. 735 (1996), is a U.S. Supreme Court decision upholding a regulation of the Comptroller of Currency which included credit card late fees and other penalties within the definition of interest and thus prevented individual states from limiting them when charged by nationally-chartered banks.
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Citibank N.A. 614 F 3d 400 (2010) is a discrimination law and US civil procedure case, concerning the scope of federal preemption against state law for labor rights. Facts [ edit ]
According to Down Detector, a service that tracks outages, hundreds of Citibank users began flagging issues around 9 a.m. ET. Citibank was "aware of the issue" and "working to fix it," the bank ...
Citibank began operations in 1902 in Calcutta ().[1] [2]In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India. [3]In 1992, Citibank India was alleged to have played the leading role in allowing or facilitating the market manipulation that drove up prices of shares on the Bombay Stock Exchange during the 1992 Indian stock market scam.