{"id":760052,"date":"2023-05-23T09:57:05","date_gmt":"2023-05-23T13:57:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-financial-group-comments-on-cfpb-settlement\/"},"modified":"2023-05-23T09:57:05","modified_gmt":"2023-05-23T13:57:05","slug":"citizens-financial-group-comments-on-cfpb-settlement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-financial-group-comments-on-cfpb-settlement\/","title":{"rendered":"Citizens Financial Group Comments on CFPB Settlement"},"content":{"rendered":"

<\/p>\n

Citizens Financial Group Comments on CFPB Settlement<\/b><\/p>\n

PROVIDENCE, R.I.–(BUSINESS WIRE<\/a>)–
\nCitizens Financial Group, Inc. [NYSE: CFG] today announced a settlement with the Consumer Financial Protection Bureau resolving a complaint related to certain billing errors and related issues that impacted a very small subset of Citizens\u2019 credit card customers nearly eight years ago.<\/p>\n

\nIn 2015, Citizens self-identified operational errors that may have impacted approximately 2%, or about 25,000, of Citizens\u2019 approximately 1.2 million credit card customers. Citizens contacted the CFPB to report the issues while voluntarily beginning remediation efforts. These efforts were all completed shortly after the issues were discovered and the remediation exceeded all obligations to make customers whole.<\/p>\n

\n\u201cWhile Citizens continues to disagree with the CFPB\u2019s stance with respect to these long-resolved issues, which were self-identified and voluntarily addressed years ago, we are pleased to put this matter behind us,\u201d said Polly Klane, General Counsel of Citizens. \u201cWe remain proud of our commitment to transparency, our rigorous compliance programs, and our consistent effort to treat customers fairly and operate responsibly.\u201d<\/p>\n

About Citizens Financial Group, Inc.<\/span><\/b><\/p>\n

\nCitizens Financial Group, Inc. is one of the nation\u2019s oldest and largest financial institutions, with $222.3 billion in assets as of March 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,400 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com<\/a> or visit us on Twitter<\/a>, LinkedIn<\/a> or Facebook<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230522005693\/en\/<\/a><\/span><\/p>\n

Media: <\/b>Peter Lucht –781.655.2289
\n
Investors:<\/b> Kristin Silberberg – 203.900.6854<\/p>\n

KEYWORDS:<\/b> United States North America Rhode Island<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Citizens Financial Group Comments on CFPB Settlement PROVIDENCE, R.I.–(BUSINESS WIRE)– Citizens Financial Group, Inc. [NYSE: CFG] today announced a settlement with the Consumer Financial Protection Bureau resolving a complaint related to certain billing errors and related issues that impacted a very small subset of Citizens\u2019 credit card customers nearly eight years ago. In 2015, Citizens self-identified operational errors that may have impacted approximately 2%, or about 25,000, of Citizens\u2019 approximately 1.2 million credit card customers. Citizens contacted the CFPB to report the issues while voluntarily beginning remediation efforts. These efforts were all completed shortly after the issues were discovered and the remediation exceeded all obligations to make customers whole. \u201cWhile Citizens continues to disagree with the CFPB\u2019s stance with respect … <\/p>\n

Continue reading “Citizens Financial Group Comments on CFPB Settlement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760052","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCitizens Financial Group Comments on CFPB Settlement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-financial-group-comments-on-cfpb-settlement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citizens Financial Group Comments on CFPB Settlement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citizens Financial Group Comments on CFPB Settlement PROVIDENCE, R.I.–(BUSINESS WIRE)– Citizens Financial Group, Inc. [NYSE: CFG] today announced a settlement with the Consumer Financial Protection Bureau resolving a complaint related to certain billing errors and related issues that impacted a very small subset of Citizens\u2019 credit card customers nearly eight years ago. In 2015, Citizens self-identified operational errors that may have impacted approximately 2%, or about 25,000, of Citizens\u2019 approximately 1.2 million credit card customers. Citizens contacted the CFPB to report the issues while voluntarily beginning remediation efforts. These efforts were all completed shortly after the issues were discovered and the remediation exceeded all obligations to make customers whole. \u201cWhile Citizens continues to disagree with the CFPB\u2019s stance with respect … Continue reading "Citizens Financial Group Comments on CFPB Settlement"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-financial-group-comments-on-cfpb-settlement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T13:57:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230522005693r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citizens Financial Group Comments on CFPB Settlement\",\"datePublished\":\"2023-05-23T13:57:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230522005693r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citizens-financial-group-comments-on-cfpb-settlement\\\/\",\"name\":\"Citizens Financial Group Comments on CFPB Settlement - 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