Citibank to pay US$18 million penalty for failing to insure flood-prone properties
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A U.S. banking regulator fined Citibank N.A. US$18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas.Citibank to pay US$18 million penalty for failing to insure flood-prone properties
A U.S. banking regulator fined Citibank N.A. US$18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas. Read more