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American Financial Services - News

American Financial Buys Liberty's Workers Comp Group for $250M in Cash
American Financial Buys Liberty's Workers Comp Group for $250M in Cash Property and casualty insurer American Financial (AFG) agreed to buy Liberty Mutual's workers compensation business on Thursday for $250 million in cash. Lakeland, Fla.-based Summit Holdings Southeast provides workers compensation services in the 

Pre-Market Pulse: American International Group, Hartford Financial Services ...
On Tuesday, January 07, 2014, the U.S. equity market posted gains. The S&P 500 ended the day at 1,837.88, up 0.61%; the Dow Jones Industrial Average closed at 16,530.94, up 0.64%; and the NASDAQ Composite Index finished at 4,153.18, up 0.96%.

FNF Forms Black Knight Mortgage Tech Subsidiary
Title insurance company Fidelity National Financial is forming a new mortgage technology and services subsidiary called Black Knight Financial Services from its ServiceLink division and very recent acquisition Lender Processing Services. It has also 

House Financial Services Chairman to Seek Volcker Rule Change
Representative Jeb Hensarling, a Republican of Texas and chairman of the House Financial Services Committee, is expected to propose a bill that could open up a huge loophole in the rule. The proposed change could allow banks to create and own 

American Financial Services Executive Shares His First Time Experience in Mexico

An American executive from a world renowned financial services firm reflects on his first business trip to Mexico and talks about his impressions ...

Modern-day NAFTA must account for modern financial services firms

, With a 90-day notification to Congress, which would allow negotiations to begin this summer.  

SIFMA has made the four recommendations for negotiators to ensure that American financial firms have the maximum opportunity to generate trade and growth through competition based on a level playing field:  

Expand the free flow of goods and services

U.S., Canadian and Mexican financial services institutions should continue to enjoy each other’s economies by maintaining and expanding the existing market access. NAFTA modernization should not only codify existing levels of openness in financial services, but also identify potential ways to expand market access to benefit broader economic goals.  

Address the rise of digital protectionism

Digital protectionism impedes the ability to transfer data across borders and locate servers where needed.

Federal agency seeks penalties against Mississippi lender

A federal agency wants more penalties against a Mississippi payday lender and has asked a judge to order the company and its owner to pay back $8.3 million in profits and revenues.

In court papers filed Friday, the Consumer Financial Protection Bureau alleged All American Check Cashing Inc. and sole owner Michael Gray hid check-cashing fee schedules, misled people into taking out costlier loans, and wrongly kept consumer overpayments.

The company said it disagrees “with most, if not all, of what” the CFPB is claiming, All American’s lawyer, Michael Cory, wrote in an email Monday. “But until we have a chance to review the filing closely, we can’t comment further except to say that we will file an appropriate response.”

The bureau asks U.S. Magistrate Judge John C. Gargiulo to rule before trial, saying no facts are in dispute. It also wants Gargiulo to ban Gray from ever working in financial services again and to assess additional “significant” fines, beyond repayments. Federal officials say Gray collected $13.5 million in income from 2011 to 2017, in addition to putting his wife and young children on the payroll.

American General Financial Services loan question?

if you are applying for a loan at american general financial services, do you have to have good credit? Or will they look at your gross monthly income and consider that amount? thanks!

American General is a full-service lender. You will need established credit, although it need not be perfect or even great. Your income and it's source will play a part in their decision to grant or deny credit.