Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLender faces record fine for predatory lending
Friday, Sept. 6, 2002 | 11:09 a.m.
NEW YORK -- Citigroup Inc., the world's biggest financial services company, said it is close to an agreement with the Federal Trade Commission to settle allegations of predatory lending.
The charges stem from the company's November 2000 purchase of Associates First Capital Corp., the largest U.S. consumer finance company, which had been accused of deception and taking advantage of people with poor credit records by charging high interest rates and fees for loans.
The agreement is expected to result in a payment by Citigroup of about $200 million, the Wall Street Journal reported today. That would be the FTC's biggest-ever consumer-protection fine.
archive
- Most Read
- Discussed
- Most E-mailed
- Court upholds sex conviction for Las Vegas magician
- Barrick Gold to work on mine despite court ruling
- UNLV president denies reports of Livengood as new AD
- Survey ranks Nevada among most unhappy states
- Rebels try to avoid the ‘trap’ at Santa Clara
- TUF 10 weigh-in: All fighters make weight, no Rampage
- Mandarin Oriental spa puts service first
- Another potential buyer emerges for Fontainebleau
- Rashad Evans says Rampage rivalry won’t fade
- County’s poorest children have death without dignity
Blogs
Elsewhere
Dawn Gibbons' story: First lady talks about divorce, humiliation, fears (13 Comments)
The Kats Report
Kirk Kerkorian: CityCenter is 'simply the most amazing' Vegas project ever (6 Comments)
Robin Leach's Las Vegas Celebrity Watch
Great Santa Run: Unofficial 14,595 runners would be a new record
Elsewhere
Rampage Jackson to return to UFC (3 Comments)
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds (1 Comment)
Top Chef: Las Vegas
The Jet Stream: The great Jennifer debate (2 Comments)
The Kats Report
From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals (10 Comments)
Calendar »
- 6 Sun
- 7 Mon
- 8 Tue
- 9 Wed
- 10 Thu
-
Rock 'n' Roll Marathon
The Strip | 5:30 a.m. to 11 a.m.
-
George Strait and Reba McIntire at the MGM Grand Garden Arena
MGM Grand Garden Arena | 8 p.m. to 11 p.m.
-
Randy Travis at the Monte Carlo
Monte Carlo Resort and Casino | 9:30 p.m. to 11:59 p.m.
-
Lee Greenwood at The Orleans
The Orleans Showroom | 8 p.m. to 10 p.m.
-
The LoneStarlets at The Golden Nugget
Golden Nugget Hotel & Casino
-
Isaias Hiram Urrabazo in "A Sunday Afternoon with Friends"
Trinity International School | 2:30 p.m. to 5 p.m.
The Sun
Locally owned and independent for more than 50 years.
