DENVER - (12/24/04) -- Centrix Financial LLC said it plansto expand outside it core business of insuring subprime auto loansthrough credit unions and start marketing subprime loans directlyto consumers. Centrix plans to market the service, which willprovide subprime borrowers with direct links to area auto dealers,online. The company plans to hire add as many as 400 employees tothe 1,000 it has now to facilitate the expansion.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
September 16 -
The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
September 16 -
Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
September 16 -
Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
September 16 -
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
September 16