Reported about 10 hours ago
A federal court has ruled that Citigroup must respond to a lawsuit from New York Attorney General Letitia James, alleging the bank failed to protect customers from online fraud and didn't provide reimbursements to victims. The case revolves around claims that Citibank neglected to comply with the Electronic Fund Transfer Act, which exists to safeguard consumers from complex frauds. James indicated that the lawsuit is aimed at ensuring Citigroup follows the law and adequately safeguards its customers' funds.
Source: YAHOO