Citibank To Pay CFPB $8M For Illegal Debt Practices

By John Kennedy (February 23, 2016, 10:34 PM EST) -- The Consumer Financial Protection Bureau on Tuesday took two separate actions against Citibank NA and two law firms for illegal debt sales and debt collection practices that involved the bank selling credit card debt with inflated interest rates and the firms falsifying court documents — actions that will cost the bank about $8 million....

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