NY Attorney General James Announces Court Win Allowing Lawsuit Against Citibank to Continue

New York Attorney General Letitia James announced a court victory allowing her lawsuit against Citibank to proceed, alleging the bank failed to protect consumers from fraud, misapplied the Electronic Fund Transfer Act (EFTA), and improperly denied reimbursements. The release cites inadequate security and monitoring that enabled unauthorized wire transfers and seeks restitution, penalties, and disgorgement.