This website uses cookies to ensure you have the best experience. Learn more

Case Study 7

780 words - 4 pages

1. Yes there are moral concerns with subprime leading; they are loans lenders provide to those who have been disqualified from borrowing with prime loan companies (Thibodeaux, n.d.). There is a need for them but care must be taken not to take advantage of those individuals that get them. The moral concerns are the fact that predatory lenders seem to target those groups that are vulnerable and in need of housing and money to make ends meet. Let me make this perfectly clear that there is a place for subprime loans, they give the person that had some issues earlier on in their life to be able to acquire money for bills and buy a home for their family however, using immoral acts as forcing ...view middle of the document...

Immediately CitiFinancial should fully explain the single premium life insurance policy and give the customer the option to choose or refuse the policy. Furthermore, charging the premium up front and adding it to the principle should also stop.
3. CitiFinancial should research the actions of the Associates, ensuring that the merger will be successful. Starting a grassroots approach with the activist groups and consumers should be done to offset the previous predatory lending practices. In reference to the excessive interest rates they should be justified and fairly applied to the consumer. They should also stop charging the points and fees. Loading the loans with prepayment penalties with high interest-rates should also be removed from the company. CitiFinancial should revisit their late fee charges ensuring they are in-line with what should be charged. All aspects of the loan should be fully disclosed and explained to the customer. There should never be any harassing or intimidating collection practices used to collect the debts, all customers need to be treated with respect.
4. The first person in line to work with and support the ACORN and AARP should be Citigroup. Because of the actions of the Associates predatory lending practices and targeting the elderly, low income, and minorities...

Other Papers Like Case Study 7

7-11 Case Study

651 words - 3 pages 1. A convenience store chain attempts to be responsive and provide customers what they need, when they need it, where they need it. What are some different ways that a convenience store supply chain can be responsive? What are some risks in each case? Convenience store supply chains can be responsive by doing several things right. Strategic locations for stores, rapid replenishment, technology deployment, buying trend research, responsive

Case Study 7

2920 words - 12 pages Contract Close-Out - PROJ410 Case Study 3 DeVry University Contracts and Procurement Company Background: Multi Equipment Manufacturing Ltd is a leading manufacturers and distributors of light- and medium-sized construction equipment. The company has been supplying construction equipments to fortune 500 companies engaged in various infrastructures and construction related turnkey project. Multi Equipment

Case Study Chapter 7 – Apple, Google And Microsoft Battle For Your Internet Experience

510 words - 3 pages CASE STUDY CHAPTER 7 – APPLE, GOOGLE AND MICROSOFT BATTLE for your Internet Experience 1. Google’s biggest advantage is the Internet search holding close to 80% of the entire market. Their business model doesn’t depend on the actual products, but rather the service they offer and the profits are mostly generated through advertising. Apple is the leader in mobile software applications. Apple App Store offers 1.2 million (July 2014

Ford Mustang Case 7

3121 words - 13 pages 11 Ford Mustang Case 7 Applied Managerial Statistics To determine the factors that affect Selling Price of Ford Mustangs, we need to select the independent factors or variables to test the hypothesis to see if these factors do have any affect on the selling price of Ford Mustangs cars. In this case I have selected nine Independent variables that we have used to study the relationship with selling price are (1) Whether the car is a

Mis Chapter 7

4585 words - 19 pages Audit Asia Pacific ANSWERS TO REAL WORLD CASES RWC 1: Toyota Europe, Campbell Soup Company, Sony Pictures, and W.W. Grainger Case Study Questions 1. What does the position of enterprise architect entail? What qualifications or experiences would you think a good enterprise architect should have? Support your answer with examples from the case. Enterprise Architect Job Description • Connect computing systems

Bmw 7 Series

5696 words - 23 pages An investigation into JIT of Menlo Research Paper Word account: 4982 Lecturer: Dr. Shawn Wong Student name: Chen Li Student ID: 11300205 Content 1. Introduction………………………………..3-9 1.1 overview of Menlo and logistics industry………..3-7 1.2 Research Topic, question, objective…………..7-8 1.3 Research Rational

Suplly Chain Process 7- Eleven

4661 words - 19 pages appropriate 7-Eleven outlet. (Chopra, 2001) serving as an outlet online order allows 7-Eleven to improve of its existing logistical assets. in countries like Japan where 7-Eleven has over 8000 outlet, it can be argued that the loss of customer convenience to pick up products because most customers are close to a pickup site and can collect their order at their own convenience. in our case, 7-Eleven Australia which has over 650 outlets(IBIS World,2012

Hsa 525 Homework Week 7

804 words - 4 pages . Required Youmay choose your role for this assignment, as follows: Refer to the "MHS Executive-Level Organization Chart" (Figure 25-2 in the MHS Case Study). (1) Either (a) choose any type of patient service that would be under the direction Click below link for Answer http://workbank247.com/q/hsa-525-homework-week-7/4067 Click below link for Answer http://workbank247.com/q/hsa-525-homework-week-7/4067

Chapter 7 Practice Problems Psy/315

1742 words - 7 pages PSY/315 March 18, 2013 Chapter 7 14.) Evolutionary theory often emphasizes that human have adapted to their physical environment. One such theory hypothesizes that people should spontaneously follow a 24-hour cycle of sleeping and waking-even though they are not exposed to the usual pattern of sunlight. To test this notion, eight paid volunteers were placed (individually) in a room in which there were no light from outside and no clocks or

Hrm Chapter 1-7 Mid-Term

1645 words - 7 pages success. Page 3 - Name: ________Daniela Santos____ Case Study (5 pts) Read the Kia Case Study on Page 209 of your Textbook Answer Questions 1 & 2 on this case 1. Describe how employing a large number of new workers requires strategic recruiting planning and operational effort, and discuss what aspects might be different in smaller firms. When recruiting a large number of new worker, the need of strategizing those

Case 7-20

1353 words - 6 pages Table of contents Executive summary 3 Introduction 4 Differences between projected and actual income statement 4 Consequences 4 Recommendations 5 Appendix 1 6 Executive summary It has come to my attention that a mistake was made in our projected income statement of this month considering our breakeven point. Therefore I’m made this report to underline the importance of a good projected income statement. I’ve stated the problem

Related Essays

Case Study 7

775 words - 4 pages Case Study By Virgilio John Costin For GM591 – Leadership and Organizational Behavior Professor Bhupinder S. Sran Keller Graduate School of Management March 24, 2013 Contents 1. Group Development 3 2. Problem Identification 3 3. Retrospective Evaluation 4 4. Reflection 4 Bibliography 5 1. Group Development According to the text, there are five stages of group or “team” development which are as follows

Mba 5501 Case Study 7

1587 words - 7 pages Unit 7 Case Study Question 1-3 The first question that I would like to answer in this case study about Gillette is that Gillette has successfully convinced the world that “more is better” in terms of number of blades and other razor features. Why has that worked in the past? What is next? Gillette is solitary of the recognized shaver trademark targeted at man. The shaver has conventional fame and conservative by man who hand over their mug

Carter Cleaning Chapter 7 Case Study

684 words - 3 pages Chapter 7 Case Study 7-21 Specifically, what should the Carters cover in their new employee orientation program and how should they convey this information? There are several very effective and efficient means of conducting employee orientation. The Carters should open the employee orientation with a greeting or welcome speech. This sets the work environment and helps the new employee feel a part of the team. The Carters should then

Case Study 7: The Forgotten Group Member

1304 words - 6 pages CASE STUDY 7: THE FORGOTTEN GROUP MEMBER GM591 LEADERSHIP AND ORGANIZATIONAL BEHAVIOR Group Development At this point, Christine’s group is considered to be stuck at the storming stage. This is the stage where high tension and emotionality amongst the group members have occurred. (Schermerhorn, et al., 2010) Mike is causing a lot of the tension because he can’t commit to the group meetings; and therefore, it is hard for them to stay