Bank Groups Rip CFPB Stance On Wire Rules In NY's Citi Suit

By Jon Hill

Banking trade groups have slammed the Consumer Financial Protection Bureau for backing the New York attorney general's office in a lawsuit over Citibank's handling of online wire fraud claims, arguing the agency's support for a key legal position in the case marks a "complete reversal" from its past views.

 Letter attached | Read full article » | Save to favorites »