© Reuters. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren
(Reuters) – Citigroup Inc (NYSE:) has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau charges it intentionally discriminated against credit card applications who the bank identified as Armenian-American.
The payment includes a $24.5 million fine as well as $1.4 million to harmed customers, the regulator said on Wednesday.