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

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Collect Overdue Accounts Receivables. Maximize returns by placing your accounts early: Benjamin Franklin once said, “Remember that credit is money.” It is a simple but often forgotten fact that the repayment of credit is a fundamental lifeline for the hundreds of thousands of U.S. businesses that rely on consumers to pay their debts. Statistically the most important […]

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