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Violation Tracker Individual Record

Company: Citibank
Current Parent Company: Citigroup
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,500,000
Year: 2008
Date: August 26, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Citibank agreed to provide customer refunds and pay $3.5 million to the state to settle a lawsuit concerning the bank's practice of wrongfully sweeping positive balances from credit card accounts under certain circumstances.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.