Judge Rules New York Lawsuit Against Citibank Can Proceed
Citi(C) PYMNTS.com·2025-01-22 07:00
Citibank will have to face a New York state lawsuit alleging that it failed to protect and reimburse victims of fraud.A federal judge rejected the bank’s request to dismiss the lawsuit, Reuters reported Tuesday (Jan. 21).Citibank had argued that the law under which it is being charged expressly excluded wire transfers, according to the report. However, the judge ruled that was not the case.New York Attorney General Letitia James said in a Tuesday press release that the court found that the Electronic Fund T ...