SAN DIEGO, July 05, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential claims on behalf of Citizens Financial Group, Inc. ("Citizens Bank" or "the Company") (NYSE: CFG) against certain of its officers and directors.
What is Johnson Fistel investigating? On May 23, 2023, the Consumer Financial Protection Bureau (CFPB) announced that it reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions. The CFPB fined Citizens Bank $9 million for failing to properly process credit card disputes. The bank automatically denied fraud claims and billing error notices in certain circumstances, the CFPB said in its lawsuit.
If you are a current, long-term shareholder of Citizens Bank, you may have standing to hold Citizens Bank harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
https://www.cognitoforms.com/JohnsonFistel/CitizensFinancialGroupInc
There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
jimb@johnsonfistel.com
