Citi, NTIC Expand Partnership

CitiFinancial, New York, and the Chicago-based National Training and Information Center have announced an expansion of their partnership into the area of promoting stable homeownership through financial literacy.Citi said it will provide a financial education curriculum, and $250,000 over two years, to support the program. "Over the past year, CitiFinancial has demonstrated their willingness to combat predatory lending," said Inez Killingsworth, an NTIC board member. "They are sending a clear message to other financial institutions that it is good business to invest in our communities." In the original partnership agreement, Citi and NTIC agreed, among other things, to review Citi's real estate lending initiatives and encourage the adoption of similar practices by other lenders. NTIC acts as a resource center for grassroots and neighborhood groups. Citi can be found online at http://www.citigroup.com, and NTIC can be found at http://www.ntic-us.org.