Citibank Slapped on the Wrist Over Debt Collections and sales of Debt to Junk Debt Buyers

By: Robert J. Nahoum According to a report by USA Today “Citibank was ordered to pay a $3 million penalty and provide nearly $11 million in consumer relief or refunds in a settlement over illegal debt sales and debt collection practices, a federal consumer agency said Tuesday. The New York-based bank broke the law by selling credit card debt with […]