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L&G reports 6% rise in new business
FT.com - Legal & General announced another deal to extend the group's distribution reach for its retail products on Thursday. The insurer is to become Intelligent Finance's sole provider of non-advised life insurance products. Intelligent Finance, the direct banking business of HBOS, specialies in mortgages.
Countrywide profit falls
Reuters - Countrywide Financial Corp. ,
the largest U.S. mortgage lender, on Thursday said
first-quarter profit fell, hurt by pressures on the housing and
subprime lending markets.
Senator warns on student-loan collection tactics
Reuters - U.S. Massachusetts Democratic Sen.
Edward Kennedy on Thursday said that he has written letters to
the chief executives of two major student loan firms raising
concerns about their collection tactics.
Senator warns on student-loan collection methods
Reuters - The chairman of the U.S. Senate's
education committee said on Thursday he has written to the
heads of two major student lenders over concerns about loan
collection tactics, opening a new line of inquiry in a
fast-expanding scandal in the student loan business.
Congressional probe of student loans widens
Reuters - Congressional investigators probing
the $85 billion student loan market pushed into new areas on
Thursday, raising concerns about loan collection tactics and
seeking an inquiry into possible conflicts of interest inside
the U.S. Education Department.
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