ABOUT THE CITI MONITORSHIP

The Settlement Agreement provides that an independent monitor, Thomas J. Perrelli, shall be appointed to determine whether Citi is satisfying its consumer relief obligations. It is the role of the Monitor to track Citi’s progress, to keep the public informed, and ultimately to establish and certify that Citi has met its obligations.

Role of the Monitor
The Monitor will ultimately determine and certify whether Citi has met the consumer relief obligations set forth in the Settlement Agreement. The Monitor will provide the public with reports of Citi’s progress toward completion of its obligations on a quarterly basis. The first report will be issued in early 2015.

Timeline
All consumer relief under the Settlement Agreement is to be completed no later than December 31, 2018. If the Monitor determines that Citi has not completed its obligations by that time, Citi will be required to make a cash payment of any remaining obligation to NeighborWorks America, a non-profit organization that provides housing counseling, neighborhood stabilization, foreclosure prevention, and other similar programs.

About the Monitor and Team

Thomas J. Perrelli
Thomas J. Perrelli is a Partner at Jenner & Block LLP, having re-joined Jenner in 2012 after serving for three years as Associate Attorney General of the United States. In his capacity as Associate Attorney General, Mr. Perrelli was responsible for the Department’s Civil, Antitrust, Civil Rights, Environment and Natural Resources, and Tax Divisions, the United States Trustee Program, the Office of Justice Programs and the Office on Violence Against Women, among others. As Associate Attorney General, Mr. Perrelli led the Government’s efforts in negotiating the National Mortgage Settlement, a $25 billion settlement with the nation’s five largest mortgage servicers to address mortgage servicing, foreclosure, and bankruptcy abuses. Mr. Perrelli is the founder and Chair of Jenner & Block’s Government Controversies and Public Policy Litigation Practice.

Peter B. Pope
Peter B. Pope is a Partner at Jenner & Block, and Co-Chair of Jenner’s White Collar Defense and Investigations Practice. Before joining Jenner, Mr. Pope served as Deputy Attorney General in charge, Criminal Division, of the New York State Attorney General’s Office. In the private sector, Mr. Pope has served as a Vice President at Goldman, Sachs and Co, where he provided counsel on strategic business initiatives, as well as operational, compliance and product risk. Mr. Pope began his career as Assistant District Attorney in the New York County District Attorney’s Office in Manhattan.

Joseph L. Noga
Joseph L. Noga is a Partner at Jenner & Block. Before joining Jenner, Mr. Noga served for more than 12 years as in-house counsel for the financial services division of a Fortune 50 company. During that time, Mr. Noga headed and managed teams that were responsible for handling hundreds of complicated commercial litigation and investigations matters. In his capacity as inside counsel, Mr. Noga advised on corporate governance issues, including compliance and risk management, and creating key policies and procedures with regard to these issues.

Jessica R. Hertz
Jessica R. Hertz is a Partner at Jenner & Block in the firm’s Government Controversies and Public Policy Litigation Practice. Ms. Hertz joined Jenner in 2014 after serving as Principal Deputy Counsel to Vice President Joseph R. Biden, during which time she provided advice on a wide range of compliance and risk management issues. Before joining Vice President Biden, Ms. Hertz served in the U.S. Department of Justice as Counsel to Deputy Attorney General James Cole. She also served as a Special Assistant United States Attorney in the U.S. Attorney’s Office for the Eastern District of Virginia. Prior to that, Ms. Hertz served in the U.S. Office of Management and Budget as Counselor to the Administrator of the Office of Information and Regulatory Affairs, where she focused on federal agency rulemakings and regulatory compliance.

Emily M. Loeb
Emily M. Loeb is a Special Counsel at Jenner & Block in the firm’s Government Controversies and Public Policy Litigation Practice. Ms. Loeb joined Jenner & Block in 2016 after more than six years in senior positions in the Executive Branch. Most recently, she served as an Associate Counsel in the Office of the White House Counsel, where she advised senior White House and Executive Branch Agency officials on responses to congressional and other investigations, risk management issues, and high priority litigation. Before joining the Office of the White House Counsel, Ms. Loeb served in several roles at the U.S. Department of Justice, including Senior Counselor and Acting Chief of Staff for the Civil Rights Division. In 2012, she served as a special assistant U.S. attorney in the Eastern District of Virginia, where she prosecuted federal drug and wire fraud cases.