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CORRECTED-U.S. consumer agency hits Citi with $6.5 mln in fines over education lending
November 21, 2017 / 8:37 PM / 24 days ago

CORRECTED-U.S. consumer agency hits Citi with $6.5 mln in fines over education lending

(Corrects day in first paragraph to Tuesday from Friday)

WASHINGTON, Nov 21 (Reuters) - The U.S. Consumer Financial Protection Bureau said on Tuesday it had ordered Citibank to pay $6.5 million for alleged student loan servicing failures it said had harmed borrowers.

The agency said it ordered Citibank to end the illegal loan practices and pay $3.75 million in redress to consumers and a $2.75 million civil penalty. (Reporting by Tim Ahmann Editing by Sandra Maler)

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