Updated Nov. 8, 2023 2:42 pm ET
Citigroup was fined more than $25 million for discriminating against Armenian Americans and blocking them from getting credit cards.
The bank’s employees gave heightened scrutiny and rejected applicants with last names ending in -ian or -yan, with a special emphasis on Glendale, Calif., which is known as “Little Armenia,” the Consumer Financial Protection Bureau said Wednesday.
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