Citi Announces One Of Its 'Bold Steps': Stricter Rules On Student Loans

Citi Announces One Of Its 'Bold Steps': Stricter Rules On Student Loans

Two readers have forwarded us a second email sent out by Citibank today, but it’s not another vaguely worded PR blast from the CEO. Instead, this one announces that Citibank is adopting the zero-tolerance approach to late payments favored by the credit card industry—miss a payment due date and you’ll lose any interest rate discount(s) you currently enjoy.