Associates Corporation of North America (Citigroup)
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Product Details
Associates Corporation of North America
Certificate Type
Registered Senior Note
Date Issued
June 9, 1971 (brown)
August 16, 1973 (olive)
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Additional Details
NA
Historical Context
Associates Corporation of North America was a consumer lending giant based in Dallas, Texas.
The company was eventually controlled by Paramount Communications before being purchased by Ford in 1989. Citigroup acquired the company (as well as Associates First Capital Corporation) in 2000 while it was in the midst of an FTC investigation.
In 2002, the FTC settled a complaint against Associates First Capital Corporation and Associates Corporation of North America, as well as their successor, Citigroup. The complaint alleged that the lender violated the FTC Act and other laws by, among other things, deceiving customers into refinancing debts into home loans with high interest rates and fees and purchasing high-cost credit insurance. The settlement, along with a related settlement with private parties, provides for up to $240 million in restitution to borrowers.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.