The Traderszone Network

Published in TZ Latest News 3 August, 2015 by The TZ Newswire Staff

Citigroup under investigation over student-loan servicing

Citigroup Inc. is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution. Citigroup, which didn’t disclose which regulatory agency is involved, is cooperating with the probe, the New York-based firm said Monday in a filing. The investigation may result in penalties or having the bank offer restitution to customers, Citigroup said.