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Home » Store » News » Steering Prevalent at Citigroup, NTIC Claims

Steering Prevalent at Citigroup, NTIC Claims

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A new report on the lending practices of Citigroup has raised questions about the extent to which borrowers are being steered to subprime loans. “One of the most insidious predatory lending practices occurs when lenders make high-interest subprime loans to borrowers with credit histories of debt repayment that should qualify them for a prime loan,” said the National Training and Information Center in a report published last week. The
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