Citigroup discriminated against Armenian-Americans, federal regulator says; bank fined $25.9M

Citigroup discriminated against Armenian-Americans, federal regulator says; bank fined $25.9M

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Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday, as the bank argued internally that Armenians were more likely to commit fraud and referred to applicants as “bad guys” or affiliated with…

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