HOME | CREDIT ARCHIVES
INDUSTRY UPDATE
The Office of the Comptroller of the Currency issued an order on July 31 holding that the Georgia Fair Lending Act does not apply to national banks and proposed a new regulation that would clarify what types of state laws apply to national banks.
More Details
Almost three quarters of Americans (73%) support tougher bankruptcy laws and if enacted, 79% would be less likely to file for bankruptcy, according to the Cambridge Consumer Credit Index.
More Information
Jeffrey M. Peek will become the CIT Group's president and chief operating officer, as well as a member of the Board of Directors, effective September 3, 2003. In addition to Peek's appointment, CIT Group is implementing a reorganization of the company's senior management structure to create a five-person Office of the Chairman.
More Details
Citigroup and Sears, Roebuck and Co. entered into an agreement on July 15 that would allow Citigroup to acquire Sears' $29 billion portfolio of private label and bankcard credit card receivables for a 10% premium or approximately $3 billion at closing.
More Details
Countrywide Home Loans, Inc. announced June 3 that it had enhanced its Web site to make applying for a home equity line of credit faster, easier and more relevant and personalized to an individual consumer's needs. The new service is free and incorporates automated property valuations, which may, in many cases, eliminate the need for an appraisal—potentially saving consumers' money and cutting time from the process.
More Details
|
 |
|
|
Join Our Mailing List
|
Indicates link outside Credit. Close new window to return.
