Word: citibank
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Dates: during 2000-2009
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...electronic wallet got one step closer to reality on Monday when Citibank unveiled a cell-phone-based service that lets customers pay bills, check their account balances and transfer funds, regardless of which wireless carrier they use. The free program, Citi Mobile, will be available for customers in Southern California via download this week at Citibank.com and will go nationwide this summer. AT&T, Sprint and Verizon customers can start using the program this week, with other carriers and a Spanish-language version out later this year. "We're changing. Banking is changing," said Citigroup CEO Chuck Prince...
Similarly, while Harvard Law School (HLS) offers international students direct loans through the HLS Loan Program, the CitiAssist loan through the Harvard Education Loan Program and Citibank Stafford loans are also advertised prominently on the HLS Web site, with this statement in small print: “There are many other lenders (such as Access Group, Nellie Mae, and Wells Fargo) available for your Stafford loans that we are not able to outline here...the incentives vary according to the lender...
...Director of MBA Financial Aid Susan S. Gilbert wrote in an e-mail yesterday, “Since the private loan program we have with Citibank is a no-fee, sub-prime loan, we’ve seen very little interest in borrowing private loans from other lenders.” The same sentiment was echoed by HLS Assistant Director of Financial Aid Denise Ryan, who maintains that “we list Citibank because they have very favorable Stafford terms...
...isn’t available in a brochure or on the HLS Web site, Ryan cited time and space limitations, saying that “we just don’t have it put together,” while dismissing the University’s preferred lender agreement with Citibank as irrelevant. Moreover, University Financial Aid Liaison Officer Laurie A. Hogan told The Crimson that the University’s contractual obligations with Citibank are limited to the bank providing funding at below-market interest rates in exchange for Harvard’s agreement to risk-share on the portfolio...
...fact stands that the only private lender listed by many of Harvard’s schools on their financial aid Web sites is Citibank. Harvard should offer its students a more comprehensive picture of the range of options available to them, and in this spirit, the University should take action on two fronts: First, the graduate schools ought to compile and distribute data about private lenders unprivileged by preferred status; and second, a written policy should be published on financial aid Web sites stating that the University and its officials will reject kickback payments and other gifts as part...