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Statement by Ranking Member Spencer Bachus (R-AL) regarding Citigroup's announced new credit card practices


WASHINGTON, Mar 1 -

“I commend Citigroup for taking this significant step in improving its practices and for leading the industry in the right direction in being fair and transparent with its customers.  I have been concerned about these issues for some time now and I am pleased to see companies taking these concerns seriously and making proactive changes.”

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