US roundup: Discrimination, money laundering, crypto enforcement
Morgan Stanley’s wealth management unit faces scrutiny; move to block SEC use of government money to target crypto, and Citi pays up for illegal discrimination.
CFPB fines Citi for discrimination against Armenian Americans
Citigroup has been ordered to pay $25.9m for illegally discriminating against Armenian Americans in violation of the Equal Credit Opportunity Act and its implementation of Regulation B.
According to regulators, the bank singled out applicants of Armenian descent as more likely to