OTR Global is out with a warning that retail industry stalwart CIT Group is assessing a 1%...

|By:, SA News Editor

OTR Global is out with a warning that retail industry stalwart CIT Group is assessing a 1% surcharge on all invoices from J.C. Penney (JCP -0.1%). Last year, shares of Sears Holdings were sent tumbling after CIT Group pulled its lending for the retailer.