Violation Tracker Individual Record

Company: 
Citigroup Inc.
Current Parent Company: 
Citigroup
Penalty: 
$215,000,000
Year: 
2002
Date: 
September 19, 2002
Primary Offense: 
consumer protection violation
Violation Description: 

Citigroup Inc. agreed to pay $215 million to resolve Federal Trade Commission allegations that its subsidiaries Associates First Capital Corporation and Associates Corporation of North America engaged in systematic and widespread deceptive and abusive subprime lending practices.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Trade Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.