Debt Buyer Sues Citi for ‘Bait and Switch’; Bill Introduced to Abolish CFPB
DEBT BUYER SUES CITI FOR ‘BAIT AND SWITCH’ WHEN SELLING PORTFOLIOS A debt buyer has filed suit against Citigroup, accusing the mega-bank of a “classic ‘bait and switch’ ” by promising to sell delinquent credit card portfolios containing accounts with certain characteristics, but instead putting accounts into the portfolios that had a much lower chance
