Carter Hawley Hale loses charter needed for new credit card unit.Carter Hawley Hale loses charter needed for new credit card unit Federal regulators rescinded the national bank charter approval that Carter Hawley Hale Stores Carter Hawley Hale Stores was an American retailer based in Southern California. Known through its history as Broadway-Hale Stores and Broadway Stores, over time, it acquired other retail store chains in regions outside California home base, and became in certain retail sectors a Inc. needs to operate a consolidated credit card operation in Tempe, Arizona Tempe (pronounced /tɛm.'piː/) is a city in Maricopa County, Arizona, USA, with a population of 169,712 according to 2006 Census Bureau estimates. . Los Angeles-based Carter Hawley has been planning to consolidate its credit card operations and move them to Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). for about the past 14 months, but the move was hampered by the company's bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most declaration Feb. 11. Establishing a national bank would be a technicality that would allow Carter Hawley to be exempt from complying with certain state finance charge regulations in the state. "Our intention, though, is to continue to look at the possibility of getting a national bank charter, and we plan to hold discussions with federal regulators to accomplish it," said Carter Hawley spokesman Bill Dombrowski. |
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