For the First Time Ever Hundreds of Predatory Lending Victims and Activists to Attend Citigroup’s Annual Meeting

(New York, NY) On Tuesday April 15th at 9:00 a.m. in Carnegie Hall, Sanford Weill, Citigroup’s CEO, will have to respond directly to hundreds of CitiFinancial victims.  This will be the first time that such an interaction will occur inside a corporate annual meeting.  

The Neighborhood Assistance Corporation of America (NACA) has organized over 300 families who have a CitiFinancial loan to travel from throughout the country to converge on Citigroup’s annual meeting.   These hundreds of families are part of the thousands who responded to NACA’s massive mailing to over 140,000 CitiFinancial borrowers.  This mailing included an evaluation of CitiFinancial’s lending practices which has become the most comprehensive evaluation of predatory lending practices.  

Citigroup has become known for its exploitation of investors and now will become renowned for preying on consumers with predatory lending practices.

NACA has organized the purchase by three hundred CitiFinancial victims and activists of one share each of Citigroup stock by the record date to attend this years Citigroup annual meeting of their investors and directors.   This will allow hundreds of people opposed to Citigroup’s predatory lending practices and other global issues to be on the inside. 

“The activists and victims for the first time will be on the inside”, states Bruce Marks, NACA CEO.   “Instead of being pushed behind barricades to insulate Sandy Weill from the consequences of his actions, he will interact with the victims and activists face to face.   People are coming in vans driving up to 20 hours from around the country to have the opportunity to hold Sandy Weill accountable for his actions.  They are angry and they want Sandy Weill to hear them, see their family and stop his predatory lending practices.  They will not be denied.”

Since Citigroup is the world’s largest financial institution, the Citigroup annual meeting is the worlds most important corporate meeting.   While it is attended by their board of directors, major investors, and top management it is also broadcast to their hundreds of thousands of employees worldwide.  

When: Tuesday, April 15 at 9:00 a.m. 

Where: Carnegie Hall, New York City

What: Hundreds of predatory lending victims to address Sanford Weill at Citigroup’s annual meeting.