CITIGROUP SETTLES FTC CHARGES AGAINST THE ASSOCIATES RECORD-SETTING $215 MILLION FOR PREDATORY LENDING VICTIMS
Due to the large volume of claims filed, eligible class members should expect to receive checks (or credits to their delinquent accounts) before the end of April, 2004.
In the largest consumer protection settlement in FTC history, Citigroup Inc. will pay $215 million to resolve Commission charges that its affiliates, Associates First Capital Corporation and Associates Corporation of North America (The Associates), engaged in systematic and widespread abusive lending practices, commonly known as "predatory lending."
|Consent Order/Stipulated Final Judgment||-||[PDF]|
|List of subprime lending cases since 1998||-|
|The FTC / Associates Class Action Settlement Fact Sheet||[TEXT]||-|
|California Class Action Settlement||-||[PDF]|
|Notice of Proposed Class Action Settlement||-||[PDF]|
|Order Certifying Settlement Classes, Approving Class Action Settlement, and Awarding Attorney Fees||-||[PDF]|
Not all loans or lenders are created equal. For example, certain home mortgage lenders target homeowners who have low incomes or credit problems or who are elderly and then take advantage of them by using deceptive practices.
If youre thinking about a home mortgage loan, the FTC offers these publications to help you make a wise purchasing decision.
|Credit Insurance: Is It For You?||[TEXT]||[PDF]|
|Home Equity Credit Lines||[TEXT]||[PDF]|
|Home Equity Loans: The Three-Day Cancellation Rule||[TEXT]||[PDF]|
|Home Equity Loans: Borrowers Beware!||[TEXT]||[PDF]|
|Looking for the Best Mortgage?||[TEXT]||[PDF]|
|Need a Loan? Think Twice About Using Your Home as Collateral||[TEXT]||[PDF]|
|Shopping for a Home Equity Loan?||[TEXT]||[PDF]|
|¿Buscando la Hipoteca Más Favorable?
Looking for the Best Mortgage?
con Garantía Hipotecaria: ¡Atención Prestatarios!
Home Equity Loans: Borrowers Beware!
de Crédito: ¿Es para Usted?
Credit Insurance: Is It For You?