IFA urges government to help lender CIT

WASHINGTON The International Franchise Association urged the federal government on Tuesday to help keep CIT Group Inc., one of the largest small business lenders, solvent during its current liquidity crisis.

Earlier this week CIT Group said it “remains in active discussions with its principal regulators on a series of measures to improve the company’s near-term liquidity position,” including talks surrounding a possible bailout from the federal government. Reports

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