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twitterFinance brokers suspended
Friday, Aug. 31, 2001 | 11:01 a.m.
NEW YORK -- Financial-services giant Citigroup Inc. has suspended 3,600 independent consumer finance brokers because of their inadequate or suspended state licenses, failure to bring in "regular, quality" business, failure to acknowledge Citi's ethic code and integrity concerns.
The move comes during a year in which the bank, owner of Citibank, has been under fire for alleged predatory lending practices after it acquired subprime consumer-finance giant Associates Financial last year.
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