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INDUSTRY UPDATE
Capital One Financial Corporation has placed oversized piggy banks around the nation's capital in honor of the launch of its "Stash Your Cash" financial education program with D.C. middle and junior high schools.
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CIT Small Business Lending Corporation announced that it entered into a marketing agreement with MBNA America to provide private-label credit card services to CIT Small Business Lending customers throughout the U.S.
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Citigroup announced that it has adopted the brand name CitiFinancial Auto for its auto finance subsidiaries Arcadia Financial, Ltd., TranSouth Financial Corporation and Auto One Acceptance Corporation.
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Nexstar provides mortgage outsourcing solutions to many of the nation's leading banks, credit unions, and other financial institutions.
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New Century Financial Corporation announced that Home123 Corporation, one of its wholly owned subsidiaries, will purchase certain assets of U.S.-based RBC Mortgage Company, a unit of Royal Bank of Canada.
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