OCC Removes July 2024 Amendment to Citi’s 2020 Consent Order
In December 2025, the Office of the Comptroller of the Currency removed the July 2024 amendment to Citigroup’s 2020 consent order, eliminating its formal resource review requirement for risk management and data governance. This relief eases oversight burdens and supports Citi’s technology modernization and compliance-strengthening efforts.
1. Amendment Removal
In December 2025, the OCC formally lifted the July 2024 amendment to Citigroup’s 2020 consent order, which had mandated a comprehensive resource review process to demonstrate adequate staffing, systems and governance to address risk management and data control deficiencies.
2. Oversight Burden Eased
By removing the amendment, Citigroup no longer faces periodic formal reviews of its resource allocations, freeing capital and personnel to focus on growth initiatives rather than regulatory remediation.
3. Strategic Implications
The easing of oversight allows Citi to accelerate its technology modernization, strengthen data governance frameworks and reallocate compliance teams toward proactive risk management, bolstering its competitive positioning.