Violation Tracker Individual Record

Company: 
Citibank N.A.
Current Parent Company: 
Citigroup
Penalty: 
$5,000,000
Year: 
2018
Date: 
September 24, 2018
Primary Offense: 
bankruptcy professional violation
Violation Description: 

The Department of Justice's U.S. Trustee Program entered into a national settlement agreement with Citibank N.A., Department Stores National Bank and FDS Bank requiring Citi to pay $5 million to remediate robo-signed proofs of claim filed in consumer bankruptcy cases in connection with more than 71,000 Macy's-branded credit card accounts.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department U.S. Trustee Program
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.