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Stock impact report

Citi fined over robo-signing in consumer bankruptcy cases [MarketWatch]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: MarketWatch
Citi fined over robo-signing in consumer bankruptcy cases Citigroup C, -0.42% agreed to pay $5 million to settle claims over robo-signing in tens of thousands of bankruptcy cases. The Justice Department's U.S. Trustee Program said tens of thousands of proofs of claim were filed in bankruptcy cases across the country that were improperly signed by employees of a third-party vendor who had not reviewed and/or lacked knowledge of the contents of the proof of claim. There were more than 71,000 Macy's branded credit card accounts between 2012 and 2015 impacted, the Justice Department said. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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