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Following World War II, New York Life further diversified; it invested in real estate development in the late 1940s and launched a mortgage-loan program for veterans in 1946. [15] In 1957, New York Life hired one of the industry's first black agents, Cirilo McSween. [8] [18] In the 1970s, New York Life began selling annuities and mutual funds. [15]
Fifth Street Finance Corporation was founded in 1998 and launched its IPO in 2008 [10] and Fifth Street Senior Floating Rate Corporation was established in 2013. [ 11 ] In 2014, Fifth Street Finance partnered with the Kemper Corporation on two joint ventures, which allow lenders to take on and re-distribute more debt, for $200 million in equity ...
Leonard Davis, an insurance broker from New York, offered to work with Andrus to develop a pilot program for New York retired teachers. [ 38 ] [ 40 ] The experiment was a financial success, and he and Andrus teamed up to establish a national version – the NRTA Health Plan insured by Continental Casualty Co. in 1955. [ 38 ]
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Tannenbaum was born to a Jewish family, the son of Adele Fuchsberg and Calvin M. Tannenbaum. [2] [3] His father was a managing partner of Brecher, Fishman, Feit, Heller, Rubin, & Tannenbaum, a law firm in New York; his mother was a district administrator for the Nassau County Board of Cooperative Educational Services [3] and an exile from Cuba.
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Affirm provides credit to consumers at APRs between 0% and 36%, depending on what is being purchased, the merchant and the implied likelihood that the consumer will pay back the loan.