The Consumer Financial Protection Bureau (CFPB) has announced that it is instructing Citibank, a major financial institution, to pay over a million dollars to potential customers who were allegedly treated unfairly.
According to the CFPB's press release, Citibank is accused of violating the Equal Credit Opportunity Act by denying services to individuals based on their heritage. The order from the CFPB suggests that Citibank's actions were in violation of anti-discrimination laws, specifically those designed to ensure equal access to financial services. KEEP READING