"New York Attorney General Takes Legal Action Against Citibank for Customer Fraud Protection Failures"

New York Attorney General Letitia James filed a lawsuit against Citibank, alleging that the bank failed to protect and reimburse customers who fell victim to fraud, resulting in millions of dollars lost to scammers and hackers. The lawsuit claims that Citibank's weak security and anti-fraud measures led to unauthorized account takeovers and illegal refusal to reimburse fraud victims. Citibank denies the allegations, stating that it follows all laws and regulations related to wire transfers and has taken steps to proactively safeguard client accounts. The lawsuit also alleges that Citibank misled customers about their rights after their accounts were hacked and illegally discriminated against Armenian Americans on credit card applications.