Study Suggests Citigroup not Keeping Promise of Reform
January 7, 2002
Citigroup appears to be reneging on a promise to discontinue predatory lending practices by its subprime affiliates, according to a recent study by the National Training and Information Center. The Chicago-based advocacy group said the findings of the study, "Slash and Burn Financing: A Study of CitiFinancial’s Recent Lending in Chicago," dispute Citigroup’s and CitiFinancial’s claims that they have reformed their lending practices.