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 .
Citigroup mortgage units have been fined $28.8m for failing to disclose options to home borrowers to avoid foreclosure and for making it difficult for them to apply for relief, the Consumer Financial Protection Bureau (CFPB) said on Monday. Subsidiary CitiMortgage will compensate customers $17m and pay a penalty of $3m, while CitiFinancial Services will refund approximately $4.4m to consumers and pay a civil penalty of $4.4m, according to the CFPB.