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Home » Store » News » US Court Orders FTC Case Against Citigroup to Proceed

US Court Orders FTC Case Against Citigroup to Proceed

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A federal district court in Georgia has denied a petition by Citigroup Inc. and its subprime lending subsidiary to dismiss abusive lending charges, ordering both companies to prepare for a face off with their accuser, the Federal Trade Commission. Complaints were filed in March last year against the parent company and its subsidiary, Citifinancial Credit Co., as successors to The Associates First Capital Co., the original defendant in the case.
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