Two months after one of its bankers accidentally sent nearly $1 billion to the wrong people, Citigroup agreed to pay $400 million to federal regulators over long-running problems keeping its daily operations under control.
Most research and media coverage focuses on how burdensome these bills are for the patients who receive them. As health economists and policy analysts, we think there is a broader impact of surprise billing that deserves to share the spotlight.
Citigroup C has agreed to pay $4.5 million in fine to a U.S. regulator for losing millions of audio files, including recordings it had subpoenaed, despite being warned of faults in its audio preservation system.
Governor Gavin Newsom signed a law in late August that included targeted protections to shield tenants from evictions due to COVID-19-related back rent. The law also protects property owners from foreclosure due to the economic impacts of COVID-19.