Pa.'s pact with a check-casher

Article Abstract:

Philadelphia's biggest chains of check-cashing agencies reported that it would limit some fees and better disclose other charges, under pressure from consumer advocates and the Pennsylvania Banking Department. Philadelphia check-cashier Currency One assured it would charge no more than 2.5 percent for cashing tax refunds and other government checks, stop allowing high-interest 'payday lenders' to make loans from its offices and post fees prominently among other changes.

Commodity & service prices, Prices and rates, Company pricing policy, Check cashing services, Cheque cashing services

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Nationwide to set up fund in area

Article Abstract:

Nationwide Financial Service has decided to establish the headquarters of its new mutual fund group in Philadelphia. In addition, Paul J. Hondros has been named as the unnamed subsidiary's head. Mr. Hondros is a fund marketer and a former Philadelphia police officer. Mr. Hondros will attempt to strengthen Nationwide's fund an annuity menu, acquire more money managment companies, and form a staff to increase sales to investors, retirement plans and institutions.

Comment:

To set up headquarters of new mutual fund unit in Philadelphia

Organizational history, Other Financial Vehicles, Executive changes & profiles, Mutual Funds (Closed End), Abstract, Closed end mutual funds, Nationwide Financial Services Inc.

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Shares of bank in probe lose 2.7%

Article Abstract:

Commerce Bancorp shares fell by 2.7 percent as the investors and analysts were doubtful about the prospect of a continuing federal investigation into the company. The investor uncertainty came a day after federal prosecutors claimed in a court filing that the bank 'remains a subject of criminal and civil investigations'.

Commercial Banks, Securities issued, listed, Banking industry, Securities, Company securities, CommerceBancorp. (Newport Beach, California)

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