Word: loaning
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SUSAN MCDOUGAL Whitewater partner convicted of obtaining a fraudulent loan...
...agree the ATM experience will be narrowly tailored to keep the line moving, limiting customers' choices to, say, a couple of flower arrangements or a short list of CDs. The new platforms can also restrict activities at certain times-for example, to prevent people from filling out loan applications at 5 p.m. on payday. Ray Gilmore, 16, recently tried to cash his first paycheck at an ATM in a 7-Eleven in Austin, Texas. After spending several minutes trying to sign up for the service, the high school student called a help line and was told he needed a valid...
...profit from automated tellers may eventually come through one-to-one marketing. While only about 500 machines worldwide are testing this technology, the Boston consulting firm Celent Communications predicts that the number will jump to 80,000 by 2005. Soon, as customers pay down their car loans, for example, their ATMs will suggest timely preapproved loans for a spiffy new vehicle. Or if a user doesn't have enough funds to cover a withdrawal, he could be offered overdraft protection or a loan-which is better than being told, "I'm sorry, Dave, I'm afraid...
...Last week a report most people will never read provided what will hopefully be the last words on a scandal that many people have already read too much about. The report was titled "Final Report of the Independent Counsel in Re: Madison Guaranty Savings & Loan Association." Although the Whitewater scandal was splashed on the front pages of newspapers and the covers magazines for years, the final report received relatively little coverage. Its 2,090 pages spread out over five volumes is the result of a $64 million investigation by the independent counsel's office. The Washington Post editorialized about...
...Argentina two years ago, thanks to the insight of an underwriter who had spent considerable time in the country developing contacts within government and business. Early last year, Chubb forecast that an economic meltdown would make currency transfers impossible. As a result, it stopped offering insurance for short-term loan agreements nearly a year before Argentina's problems hit the news...