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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: $2,825,000
Year: 2014
Date: August 4, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Bank of America, JP Morgan Chase, Discover Financial Services, and Citibank agreed to pay settlements totaling approximately $11.3 million to resolve allegations their marketing practices for credit card payment protection plans were deceptive under state law. The announcement did not specify how much each company would pay. Here we assume the amount was divided equally among them.
Level of Government: state
Action Type: agency action
Agency: Hawaii Attorney General
Civil or Criminal Case: civil
Facility State: Hawaii
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.