Bank Settles UCL Claim For Allegedly Pocketing Elderly Couple’s $40K Check

Mealey's (January 6, 2022, 2:16 PM EST) -- SAN FRANCISCO — A man and his elderly parents and several Citigroup affiliates on Dec. 30 filed a joint stipulation dismissing with prejudice the family’s lawsuit claiming that the Citigroup affiliates violated California’s unfair competition law (UCL) and other statutes by depositing but not crediting a $40,000 check intended to pay off the parent’s home equity line of credit (HELOC) and continuing to charge them monthly payments with interest....