Citigroup Claims New York Attorney General’s Online Fraud Suit Is ‘Misguided’
- Bank says Letitia James suit is trying to rewrite federal law
- Citigroup says it can be hard to catch phishing scams
This article is for subscribers only.
Citigroup Inc. asked a judge to throw out a suit by the State of New York over online protections for consumers, arguing the case was a “misguided attempt” by Attorney General Letitia James to rewrite federal law.
James sued the company’s Citibank unit in January, claiming that it hasn’t enacted sufficient safety measures and security protocols to prevent fraudsters from stealing money through online and mobile banking, including wire transfers and payment apps such as Zelle and Venmo.