Capital One Closes Wholesale Mortgage Unit (FinanzNachrichten)
With the new generation of credit cards, such as contactless cards, no magnetic stripe is needed. Contactless credit cards contain technology that allows the card to be used simply by tapping or holding it near a contactless card reader, which have recently been introduced in some convenience stores. With smart-chip technology, additional information (like frequent shopper discounts) can be stored on the credit card.
Capital One Closes Wholesale Mortgage Unit (FinanzNachrichten)
MCLEAN, Va., Aug. 20 /PRNewswire-FirstCall/ -- Capital One Financial Corporation ( Nachrichten ) today announced that it will cease residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately.
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OPEN From American Express(R) and BankAtlantic Announce Agent Bank Alliance to Help Serve Small Business Customers (PR Newswire via Yahoo! Finance)
OPEN from American Express® and BankAtlantic announced today that BankAtlantic will be the first financial institution in Florida to offer American Express® Business Cards. The agent bank agreement calls for the companies to jointly market small business charge and credit cards that carry the BankAtlantic and American Express brands.
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Business briefs (Lansing State Journal)
Grand Rapids law firm Warner Norcross & Judd LLP has opened an office in Lansing, where it will base its government affairs practice group. The group focuses on lobbying, election laws and establishing political action committees and administrative law.
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The next disruptors (CNN Money)
Disruption is easy to spot - in hindsight. The railroads were always going to be better than canals and wagon trains. The telephone was bound to edge out the telegraph. The transistor was clearly superior to vacuum tubes. In recent years, digital cameras have stolen the market for film, the iPod has started to replace the CD and Google seems to be disrupting just about everything else.
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The July 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices (Federal Reserve Board)
The July 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months.
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Activist, Heal Thy Company (The Motley Fool)
Why takeover bids are so '80s.
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A Bounty of Ideas from Berkshire's Portfolio (Morningstar.com via Yahoo! Finance)
A look at Berkshire's 5-star holdings.
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City Council provides additional funding to airportAlderman says airport falling on tough times (The Courier)
By Sean Ingram News Editor The Russellville City Council approved $15,000 in funding to the Russellville Regional Airport during its regular meeting last week at city hall.
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Risk returns with a vengeance (CNN Money)
For the past five years risk has been the invisible man on Wall Street. Banks, hedge funds, and lenders behaved as if home prices always rise, borrowers never miss a payment, and companies never blunder into bankruptcy.
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Webroot Releases Windows Vista(TM)-Compatible Version of Its Award-Winning Window Washer Solution (Business Wire via Yahoo! Finance)
BOULDER, Colo.----Webroot Software, Inc., a leading provider of security solutions for the consumer, enterprise and SMB markets, today announced the immediate availability of Webroot® Window Washer® version 6.5.
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Capital One Closes Wholesale Mortgage Unit (FinanzNachrichten)
Separately, the Fed warns that in addition to fraud on existing accounts, thieves who get ahold of consumers' personal information can open new credit accounts in the consumer's name. Such new accounts fraud is much tougher to detect, frequently results in much larger fraud amounts, and is much more difficult for consumers to resolve. Regular monitoring of credit reports for unusual accounts or activity can help consumers guard against new accounts fraud.
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