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U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it had fined Citigroup $25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race, color or other factors. [Source]

Publication Date:

Origin: reuters.com

Category: businessNews

Topics: million, violating, fair, citigroup, office

Source Link: http://feeds.reuters.com/~r/reuters/businessNews/~3/Zc8OL1BfKuY/u-s-bank-regulator-fines-citigroup-25-million-for-violating-fair-lending-rules-idUSKCN1R0269

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