Citigroup Inc.
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2006–2007
Ongoing: No
Resolution status: Resolved
Resolution date: July 14, 2014
Citigroup paid $7 billion over misleading sales of toxic mortgage securities
Summary
DOJ and federal and state partners reached a $7 billion settlement with Citigroup over its packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities before 2009. Citigroup acknowledged serious misrepresentations to investors and that it securitized and sold pools containing loans it knew had material defects. Source: https://www.justice.gov/usao-edny/pr/justice-department-federal-and-state-partners-secure-record-7-billion-global-settlement
Evidence Weight
100.00
Severity: high
Recency Weight: 99.99641464397197
File Weight: 1
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2000–2013
Ongoing: No
Resolution status: Resolved
Resolution date: July 21, 2015
Citibank ordered to provide $700 million in relief over illegal credit-card add-on practices
Summary
CFPB ordered Citibank and subsidiaries to provide an estimated $700 million in relief to consumers harmed by illegal practices involving credit-card add-on products and services. Source: https://www.consumerfinance.gov/enforcement/actions/citi-credit-card-add-ons/
Evidence Weight
100.00
Severity: high
Recency Weight: 99.99654299719052
File Weight: 1