General Discussion

CatWoman

(80,298 posts) Thu May 8, 2014, 10:41 PM May 2014

I was recently notified that I was part of a class action suit against Citi Bank [View all]

City held my mortgage, and at one point I had to purchase home owners insurance from them.

The suit says Citi was in collusion with the insurance companies and received huge kick backs as part of their "partnerships". They grossly overcharged us and Citi reaped the rewards.

The time period outlined in the paperwork is from 2007 - 2014.

I'm thinking this was just another way the Mortgage companies raped people prior to, during, and after the housing crash.

Citi sold my mortgage to another company in 2011. They made tons off me and countless others, and sold me to another company when they were done abusing me.

13 replies

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I was recently notified that I was part of a class action suit against Citi Bank [View all] CatWoman May 2014 OP

Just out of curiosity, how do you know you were grossly overcharged? badtoworse May 2014 #1

it is outlined in the lawsuit CatWoman May 2014 #3

That seems like a clear conflict of interest at best and outright fraud at worst. badtoworse May 2014 #5

Good luck! elleng May 2014 #2

It has been finalized as of April, and Citi and the insurance companies have to pay CatWoman May 2014 #4

Rubbing salt in the wound, the 13% of payout from profit is a paltry sum 2banon May 2014 #7

Good that its over, elleng May 2014 #8

US Bank bought my mortgage and four months later said my insuarance coverage was not good enought itsrobert May 2014 #6

Good. elleng May 2014 #9

i'm learning CatWoman May 2014 #10

Excellent, elleng May 2014 #11

I feel so stupid now CatWoman May 2014 #12

Many feel overwhelmed by what they think is power elleng May 2014 #13