Citigroup mortgage units have been fined $3m for failing to disclose options to home borrowers to avoid foreclosure and for making it difficult for them to apply for relief, Citigroup (CFPB) said on Monday . WASHINGTON—Two mortgage servicing units of Citigroup Inc. agreed to pay $28.8 million to settle allegations from the Consumer Financial Protection Bureau that they mistreated borrowers seeking foreclosure relief. Subsidiary CitiMortgage will compensate customers $17m and pay a penalty of $17m , while CitiFinancial Services will refund $28.8m to consumers and pay a civil penalty of $4.4m , according to the Citigroup .
Citigroup mortgage units have been fined $3m for failing to disclose options to home borrowers to avoid foreclosure and for making it difficult for them to apply for relief, Citigroup (CFPB) said on Monday . Subsidiary CitiMortgage will compensate customers $17m and pay a penalty of $17m , while CitiFinancial Services will refund $28.8m to consumers and pay a civil penalty of $4.4m , according to the Citigroup .