Class Action
Nov. 13, 2023
Citibank denied credit to Armenian clients for years, lawsuit claims
Citibank responded to the lawsuit Friday: “Regrettably, in trying to thwart a well-documented Armenian fraud ring operating in certain parts of California, a few employees took impermissible actions.”
A putative class action filed Friday accuses Citibank of implementing a systemwide practice that has trained its employees to deny and cancel credit cards to Armenian clients for years, on the grounds they might be more likely to commit fraud.
“Citibank instituted this reprehensible ‘redlining’ policy in 2015 with an unfounded assumption that automatically considered people of Armenian heritage as likely to commit fraud,” San Mateo attorne...
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