New suit is actually aligned mainly in the way too many borrowing from the bank insurance situations The newest Lovers packed towards a lot of their subprime financing

In reaction in order to recommendations offered and you may pressure exerted by the consumer groups, the newest Federal Trading Commission (FTC) grabbed enforcement action against 19 lenders and you may agents for predatory practices inside 2002 and you can negotiated the largest consumer shelter settlement from inside the FTC background with Citigroup. The company […]