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Chrysler First Financial Services Corp

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NEWS
November 23, 1988 | JOHN SPANO, Times Staff Writer
Almost three years after state investigators uncovered massive fraud in the sale of solar heating devices, a group of California homeowners is trying a new legal tactic to win compensation. Lawyers for a dozen Southern California residents are seeking to prove that now-defunct retailers conspired with major finance companies to defraud homeowners, in violation of federal law.
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BUSINESS
November 18, 1992 | From Associated Press
NationsBank will acquire most of the assets of Chrysler First Inc., creating the nation's second-largest consumer finance business owned by a bank, the bank announced Tuesday. Pending regulatory approval, the new entity, called NationsCredit, will begin after a transition expected to end by mid-1993, the bank said. "We have an ambitious growth goal that requires external in addition to internal expansion," said Hugh McColl, president and chief executive of NationsBank Corp.
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BUSINESS
November 18, 1992 | From Associated Press
NationsBank will acquire most of the assets of Chrysler First Inc., creating the nation's second-largest consumer finance business owned by a bank, the bank announced Tuesday. Pending regulatory approval, the new entity, called NationsCredit, will begin after a transition expected to end by mid-1993, the bank said. "We have an ambitious growth goal that requires external in addition to internal expansion," said Hugh McColl, president and chief executive of NationsBank Corp.
CALIFORNIA | LOCAL
September 16, 1992 | GEOFF FEIN
Twenty-three Ventura County residents who bought water purification systems from a now-defunct company are among several hundred statewide who could share $2.75 million in refunds after a settlement to a civil lawsuit was reached Tuesday. Northland Environmental Inc., which went out of business in 1990, used high-pressure sales techniques and scare tactics to persuade consumers to purchase the purification systems at inflated prices, said Ventura County Deputy Dist. Atty. Gregory Brose.
CALIFORNIA | LOCAL
January 23, 1991 | MACK REED
State and Ventura County prosecutors filed a civil complaint Tuesday in Superior Court, alleging that a Burbank water-filter company used scare tactics to sell expensive treatment systems to 2,000 people statewide. During high-pressure sales pitches lasting up to three hours, the now-defunct Northland Environmental Inc. promised that its systems could remove carcinogenic chemicals and the AIDS virus from tap water, said Deputy Dist. Atty. Gregory W. Brose.
NEWS
November 23, 1988 | JOHN SPANO, Times Staff Writer
Almost three years after state investigators uncovered massive fraud in the sale of solar heating devices, a group of California homeowners is trying a new legal tactic to win compensation. Lawyers for a dozen Southern California residents are seeking to prove that now-defunct retailers conspired with major finance companies to defraud homeowners, in violation of federal law.
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