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Inflated APRs, altered affidavits lead to Citibank enforcements
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Banking, Consumer Protection, Nonbank Financial
Friday, February 26, 2016
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The Consumer Financial Protection Bureau took two enforcement actions against Citibank after determining that it sold credit card debt with inflated interest rates, failed forward consumer payments promptly to debt buyers and – along with two debt collection law firms – falsified court documents filed in debt collection cases. Read on for more details.
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