Citi Fined $30 Million over How it Handled Foreclosed Property

National Mortgage News, Oct. 11, 2019–Brenan Pederson (subscription)

The Office of the Comptroller of the Currency is fining Citigroup’s bank subsidiary $30 million over claims that it repeatedly violated federal law for its balance-sheet practices concerning foreclosed property.

https://www.nationalmortgagenews.com/news/citi-fined-30-million-over-how-it-handled-foreclosed-property?brief=0000015a-382f-d09d-a7fe-feafb2c90000