Warning: fread(): Length parameter must be greater than 0 in /home/jnico/public_html/system/library/cache/file.php on line 32Warning: fread(): Length parameter must be greater than 0 in /home/jnico/public_html/system/library/cache/file.php on line 32 US Fed Reserve fines Citigroup

  • Your shopping cart is empty!

US Fed Reserve fines Citigroup

The Federal Reserve Board announced an $8.6 million fine against Citigroup for the improper execution of mortgage-related documents.

 

The $8.6 million penalty addresses the deficient execution and notarization of certain mortgage-related affidavits prepared by a subsidiary, CitiFinancial. The improper practices occurred in 2015 and were corrected. CitiFinancial exited the mortgage servicing business in 2017.

 

Also, the Board announced the termination of an enforcement action from 2011 against Citigroup and CitiFinancial related to residential mortgage loan servicing. The termination of this action was based on evidence of sustainable improvements.

 

 

  • US Fed Reserve fines Citigroup
Warning: Unknown: write failed: Disk quota exceeded (122) in Unknown on line 0Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/var/cpanel/php/sessions/ea-php73) in Unknown on line 0