The Consumer Financial Protection Bureau (CFPB) recently took separate enforcement actions against CitiFinancial Servicing and CitiMortgage, Inc. requiring a combined $28.8 million in payment for misleading struggling homeowners about options for potentially saving their homes.
The bureau filed two separate consent orders against the companies, which are both subsidiaries of different Citi entities detailing violations of multiple federal regulations. Read on to learn specifics about the charges.