VIENNA, Va. - (08/30/05) -- Navy FCU said its Navy FederalFinancial Group CUSO has signed with Newtek Business Services for aone-year pilot program to promote homeowners' and businessinsurance. Newtek Insurance Agency, a wholly owned unit of NewtekBusiness Services, will provide access to the insurance productsthrough more than 40 carriers via a web-based referral system. TheCentral City, Colo., subsidiary will also provide back-officesupport.
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The Cincinnati bank aims to grow in northeast Ohio with the acquisition of Westfield. The deal is expected to boost First Financial to a $20.6 billion institution.
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House Financial Services Committee Chair French Hill, R-Ark., declined to say whether he would pass the Senate's GENIUS Act without making his own changes, as President Trump has preferred.
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Nissan Motor Acceptance Corp. has applied for an industrial loan company charter, joining General Motors and Ford in hoping for better prospects for approval under the Trump administration.
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Barely two years after adopting a bank charter, NewtekOne in Florida plans to expand beyond its roots as an SBA 7(a) lender by growing its alternative loan program.
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The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
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Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
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