July 09, 2015
A South Carolina federal judge on Wednesday approved a $2.2 million deal ending a class suit accusing CitiMortgage Inc. of violating a federal statute capping interest payments on military members' mortgages, finding the class payouts and $1.6 million attorneys' fees fair.
March 04, 2015
CitiMortgage Inc. agreed on Tuesday to pay $2.2 million to end a class suit accusing the company of violating a federal statute capping interest payments on military service members' mortgages, weeks after the U.S. Department of Justice revealed the bank would pay nearly $15 million to foreclosed-upon service members.
June 26, 2013
A South Carolina federal judge Wednesday denied CitiMortgage Inc.'s motion to dismiss a proposed class action over allegedly violating the Servicemembers Civil Relief Act by charging U.S. military service members interest rates on home loans that exceeded a 6 percent cap