Cash Advance News Jun 2007

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Rock Hill May Tighten Down On Pay Day Lenders
Cash advance places are banned in North Carolina and Georgia, so South Carolina has been flooded with them. (Mon, 25 Jun 2007 21:52:26 GMT)

CBOT Holdings Declares Conditional Special Cash Dividend
CBOT Holdings, Inc. today announced that the Transaction Committee of the Board of Directors of CBOT Holdings, pursuant to the power granted to it by the Board of Directors, declared a one-time, conditional special cash dividend in the amount of $9.14 per share, payable to the holders of record of CBOT Holdings' Class A common stock as of the close of business on July 5, 2007. (Mon, 25 Jun 2007 21:56:00 GMT)

Amazon Streaming Into China Market With New Services
Can an online retailer pedal its way to hefty profits in a market that uses bicycles to deliver products to customers who mostly deal only in cash? (Mon, 25 Jun 2007 23:00:00 GMT)

Spike in businesses prompts tougher zoning rules
Frustrated by the influx of payday lenders into Rock Hill and the failure of state lawmakers to do anything about it, city leaders are using their own authority to crack down on the industry. (Tue, 26 Jun 2007 04:40:34 GMT)

Rock Hill moves to regulate payday lending
ROCK HILL, S.C. Leaders in Rock Hill have decided to make it tougher for new payday lenders to open after the number of businesses in the city offering the short-term high-interest loans tripled in six years. (Tue, 26 Jun 2007 04:43:52 GMT)

Manhattan iPhone Watch: T minus 3.5 days
Blog: Meet the two guys who have showed up nearly four days in advance to be the first to get Apple's hot new handset. (Tue, 26 Jun 2007 04:47:22 GMT)

Community meetings
Submit your organization's meeting for immediate publication online at savannahnow.com/do/add_event or e-mail your meeting at least two weeks in advance to calendar@savannahnow.com or fax to 525-0796. Contact number must be listed. Community Meetings is printed Monday-Wednesday in the Accent section as space allows. For information, call 652-0310. To see more upcoming community meetings, go to ... (Tue, 26 Jun 2007 05:04:19 GMT)

Quick money doesn’t have to be so painful
Air Academy Federal Credit Union has begun offering its members an alternative to payday loans at a fraction of the interest rate such lenders charge. (Tue, 26 Jun 2007 05:08:17 GMT)

U.S. Stock-Index Futures Advance; Bear Stearns Shares Climb
June 26 (Bloomberg) -- U.S. stock-index futures advanced after oil prices fell and concerns eased that losses tied to subprime mortgages will hurt banks' earnings. (Tue, 26 Jun 2007 13:40:46 GMT)

The Fast and the Curious
For those with a hankering for speed and a $10,000 prize, not to mention the chance to be on a reality television show, lured more than 300 drag racers to Maryland International Raceway to compete on "PINKS: All Out," a racing reality show on the Speed Channel. (Tue, 26 Jun 2007 16:00:03 GMT)

SC City Moves to Regulate Payday Lending
Leaders in Rock Hill have decided to make it tougher for new payday lenders to open after the number of businesses in the city offering the short-term high-interest loans tripled in six years. (Tue, 26 Jun 2007 16:22:27 GMT)

3 arrested after mid-day robbery, chase through DM
Police said no one was injured despite "a very tense situation" that involved the armed robbery of a pawn shop and police chase through the city. (Tue, 26 Jun 2007 18:25:11 GMT)

CME Livestock Review: Live Cattle, Hogs Hit Multi-Month Lows
CHICAGO Dow Jones)--Chicago Mercantile Exchange live cattle futures closed lower, with June and August dropping to multi-month lows, on spot-June liquidation outright or through spreads before the contract expires on June 29. Cash caution, Monday's deliveries and pre-Goldman roll business hastened losses. (Tue, 26 Jun 2007 20:17:47 GMT)

Cash Systems, Inc. Announces New Contract for powercash
LAS VEGAS----Cash Systems, Inc. , a provider of cash access technology for the gaming industry, today announced another multi year contract for powercash with the Fantasy Springs Resort Casino. powercash is the first product of the Company's joint venture with Bally Technologies and Scotch Twist. (Tue, 26 Jun 2007 20:23:00 GMT)

Don't throw out those unused MetroCards!
Expired MetroCards got a new lease on life yesterday, with subway and bus riders offered an extra year to cash in on any unused funds. Now, transit riders will have a total of two years after their cards expire to mail in the old cards and get the value transferred to new ones. (Tue, 26 Jun 2007 20:49:35 GMT)

Lawmakers approve new gulf royalty plan
BATON ROUGE (AP) -- Lawmakers agreed to start the process for Louisiana to borrow against a new stream of Gulf of Mexico oil and gas drilling royalties to get advance cash for coastal restoration and protection projects. (Tue, 26 Jun 2007 20:58:31 GMT)

Football: Hammers' cash gripe
West Ham believe the FA is yet to pay full compensation for the injury Dean Ashton suffered on England duty. (Wed, 27 Jun 2007 01:10:54 GMT)

Rock Hill targets payday lenders
ROCK HILL — Frustrated by the influx of payday lenders into Rock Hill and the failure of state lawmakers to do anything about it, city leaders are using their own authority to crack down on the industry. Their goal is to curb a trend evident along Cherry Road, where neon-painted businesses lure customers with window slogans such as “Loans in 15 Minutes” and “Two advances free.” Under tougher ... (Wed, 27 Jun 2007 04:04:02 GMT)

Publishers Abuzz Over Possible Rumsfeld Book
The publishing world is abuzz over the news that a former defense secretary, Donald Rumsfeld, may write a memoir justifying the military strategy for the war in Iraq. While a deal has not yet been struck, Mr. Rumsfeld has toured New York publishing houses with an outline of his book in an effort to gauge how much information he would have to disclose in the memoir in order to justify a large cash ... (Wed, 27 Jun 2007 04:38:34 GMT)

Stricter limits approved for new payday lenders
Leaders in Rock Hill have decided to make it tougher for new payday lenders to open after the number of businesses in the city offering the short-term high-interest loans tripled in six years. The City Council passed zoning laws on the businesses Monday night, banning new payday lenders from opening within 300 feet of neighborhoods, churches and schools and within 1,000 feet of existing lenders. ... (Wed, 27 Jun 2007 07:02:06 GMT)

Rock Hill regulates payday lending
Leaders in Rock Hill have decided to make it tougher for new payday lenders to open after the number of businesses in the city offering the short-term high-interest loans tripled in six years. The City Council passed zoning laws on the businesses, banning new payday lenders from opening within 300 feet of neighborhoods, churches and schools and within 1,000 feet of existing lenders. The rules ... (Wed, 27 Jun 2007 07:19:00 GMT)

Pawnshop robbery leads to car chase, arrests of 3
The robbery plan was perfect. Except for the timing. At 11:30 a.m. there were lots of customers, and thus witnesses, in Mister Money USA, a south Des Moines pawnshop and payday loan store. (Wed, 27 Jun 2007 09:09:21 GMT)

Music news
- The Johnny Cash Tribute Show is set for Sept. 8 at Prairie Meadows . Johnny Cash’s brother, Tommy Cash , Cash’s former band,... (Wed, 27 Jun 2007 09:23:30 GMT)

FUNDRAISERS
This column appears weekly. To have an item considered, submit it in writing two weeks in advance. Include a daytime phone number readers may call. Send items to Fundraisers, P. (Wed, 27 Jun 2007 10:24:26 GMT)

The maitre d' of hard-to-get reservations
The appropriate way to begin this column is with a confession: I am a hard-core New York foodie. My wife and I eat out with absurd frequency, devoting as much cash to our gastronomic pursuits as some parents pay for their kids' tuitions. (Wed, 27 Jun 2007 12:43:55 GMT)

Credit union provides alternative, teaches how to break cycle of debt
For years, Lee Gardner watched payday lenders walk into Family Trust Federal Credit Union on a regular basis to cash checks written by credit union members as collateral on high-interest, payday-advance loans. (Wed, 27 Jun 2007 13:09:59 GMT)

Bank of the Carolinas Corporation Declares Cash Dividend
Bank of the Carolinas Corporation announced today that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on July 25, 2007, to shareholders of record on July 11, 2007. (Wed, 27 Jun 2007 19:17:00 GMT)

Oregon Senate Slaps Limits On Vulture Lenders
SALEM - The Oregon Senate Monday approved new limits and restrictions on high interest-rate lenders. The legislation was inspired by critics of so-called "payday lenders" who loan money for a short time at exhorbitant interest rates. (Wed, 27 Jun 2007 19:23:24 GMT)

Stocks advance moderately as Fed holds 2-day meeting, durable goods orders show drop in May
NEW YORK -- Wall Street pushed higher in wobbly trading Wednesday as investors shrugged off a larger-than-expected drop in durable goods orders and awaited results of the Federal... (Wed, 27 Jun 2007 19:47:43 GMT)

Enterprise FFA students tops at state convention
The 78th annual Alabama FFA State Convention brought smiles to a group of Enterprise High School students whose fierce competiveness in many different events earned them a prestigious award and cash prize given to only the top five FFA chapters in the state. (Wed, 27 Jun 2007 21:30:13 GMT)

U.S. Stocks Rise, Led by Shares of Energy, Technology Companies
June 27 (Bloomberg) -- The U.S. stock market posted its first advance in four days after a rally in oil prices improved earnings prospects for fuel producers and better-than-expected profit at Oracle Corp. ignited shares of software makers. (Wed, 27 Jun 2007 21:44:47 GMT)

Actress questioned on cash for honours
A former girlfriend of Hugh Hefner, the Playboy boss, who was once given a guided tour of Downing Street, has been questioned by Scotland Yard officers conducting the cash for honours investigation. (Thu, 28 Jun 2007 01:18:14 GMT)

Asian Stocks Advance as Oil Climbs, Yen Halts Gain; Cnooc Rises
June 28 (Bloomberg) -- Asian stocks rebounded from a two- week low, led by energy producers and Japanese exporters, after crude oil prices advanced and the yen halted a three-day climb. (Thu, 28 Jun 2007 07:03:35 GMT)

Stocks gain, wariness remains
Shares recover from a decline earlier in the day spurred by a report that showed a drop in durable goods orders. The stock market Wednesday posted its first advance in four sessions, but investors still showed signs of skittishness. (Thu, 28 Jun 2007 07:12:10 GMT)

Leak shows iPhone prepaid as fallback
AT&T is eager enough to sell iPhones that it will even offer a prepaid option in extreme cases, the company has revealed through a leaked launch guide. While the provider will still insist that all normal sales choose a two-year contract, it will also ask to perform an advance credit check during the sales process that should offer a contract-free... (Thu, 28 Jun 2007 15:07:31 GMT)

U.S. Stocks Advance After Fed Says Economy to Keep Growing
June 28 (Bloomberg) -- U.S. stocks gained for a second day after the Federal Reserve said the economy will probably keep growing and analysts upgraded Intel Corp. and Cisco Systems Inc. (Thu, 28 Jun 2007 19:44:57 GMT)

Car title loan company challenges Oregon interest rate limit
A car title lender has challenged a new Oregon law capping annual interest rates on consumer loans at 36 percent. (Thu, 28 Jun 2007 21:19:56 GMT)

Most U.S. Stocks Advance After Fed Says Economy to Keep Growing
June 28 (Bloomberg) -- Most U.S. stocks gained and benchmark indexes were little changed after the Federal Reserve said the housing slowdown won't keep the economy from expanding. (Thu, 28 Jun 2007 22:10:34 GMT)

Finances sound for council
ARARAT - Ararat Rural City Council is currently in a sound financial position. Manager corporate and customer services Alistair Rowe reported to council that the cash at bank and the general term deposit are just over $1.35 million more than this time last year. (Thu, 28 Jun 2007 23:08:22 GMT)

Friday Edition: iPhone Launches at 6 Tonight
Who opposes safer mattress laws?... Terrible traffic... States tackle payday loans. (Fri, 29 Jun 2007 03:55:27 GMT)

H.R. 2871 Restricts Consumer Access to Short-Term Credit Alternatives
The Online Lenders Alliance , the nation's largest association of U.S. based companies offering online consumer micro-loans, criticized the introduction of Payday Loan Reform Act, H.R. 2871. (Fri, 29 Jun 2007 04:24:00 GMT)

Australian Shares Climb, Led by BHP, Woodside on Commodities
June 29 (Bloomberg) -- Australian shares rose, with the key stock index heading for its fourth straight quarterly advance. BHP Billiton Ltd. and Woodside Petroleum Ltd. gained after prices of commodities such as copper and oil climbed. (Fri, 29 Jun 2007 05:22:20 GMT)

Australian Shares Post 4th Straight Quarterly Gain; BHP Rises
June 29 (Bloomberg) -- Australian shares rose, with the key stock index completing its fourth straight quarterly advance. BHP Billiton Ltd. and Rio Tinto Group gained after prices of commodities such as copper climbed. (Fri, 29 Jun 2007 07:07:27 GMT)

German Stocks Increase; Linde, Volkswagen, BASF Pace Advance
June 29 (Bloomberg) -- Germany's benchmark DAX Index rose for a second day, led by shares of Linde Group and BASF AG. Volkswagen AG gained after the carmaker said its venture with China FAW Group Corp. may boost profit by at least a quarter this year. (Fri, 29 Jun 2007 08:22:59 GMT)

GM Place receives cash from VANOC
Just days after its sale to the Aquilini Investment Group was completed, General Motors Place scored $19 million from Vancouver's Olympic organizers. But how all the VANOC money will be spent to upgrade the 2010 Games' hockey venue is unclear. (Fri, 29 Jun 2007 11:36:27 GMT)

German Stocks Advance; Linde, BASF, Deutsche Postbank Lead Gain
June 29 (Bloomberg) -- Germany's benchmark DAX Index rose for a second day, paced by Linde Group, BASF AG and Deutsche Postbank AG. The DAX added 33.70, or 0.4 percent, to 7955.06 at 3:16 p.m. in Frankfurt, adding its gains for the year to 21 percent. (Fri, 29 Jun 2007 14:52:59 GMT)

Apple intros iPhone accessories
Apple today made one of the final introductions for the iPhone in advance of its 6PM launch, introducing the accessories that will be available in shops and through the online Apple Store later today. Most notable are previously unannounced accessories: the Bluetooth Travel Cable (pictured right, $29) is meant for travelers who need to charge the ... (Fri, 29 Jun 2007 15:07:11 GMT)

German Stocks Advance; Linde, BASF, Deutsche Postbank Lead Gain
June 29 (Bloomberg) -- Germany's benchmark DAX Index rose for a second day, paced by Linde Group, BASF AG and Deutsche Postbank AG. The DAX added 85.96, or 1.1 percent, to 8007.32, adding its gains for the year to 21 percent. (Fri, 29 Jun 2007 16:08:09 GMT)

Attorney General secures judgment against unlicensed payday lender
Texas Attorney General Greg Abbott secured a court judgment against El Paso-based Advance Internet, an unlicensed payday lender. (Fri, 29 Jun 2007 18:56:17 GMT)

Music composer’s medals stolen
Cash and valuables were stolen from the house of Shiladitya Majumdar, nephew of music composer Gouriprasanna Majumdar, in Jadavpur on Thursday night. Two medals of the music composer were among the items stolen. (Fri, 29 Jun 2007 21:36:10 GMT)

Sweepstakes Scam Surfaces in New Bern
A sweepstakes scam in one county in the East, has police reminding people if you didn't play, you probably didn't win. New Bern Police say someone is calling people on the telephone saying they won a sweepstakes prize. But before they get the cash, they must pay the taxes. (Sat, 30 Jun 2007 02:17:55 GMT)

The iPhone Arrives In The Mid-South!
Customers lined up hours in advance around the Mid-South on Friday to be the first to get their hands on the most highly anticipated gadget in years. (Sat, 30 Jun 2007 02:43:56 GMT)

Today
town of Heath will hold a Founder's Day Celebration from 3 p.m. to 6 p.m. at the town hall. 1st Annual Sitel Bake-Off: Enter your favorite cakes, cookies, brownies and sweets for a chance to win cash and prizes. Judging will be held at 10 a.m. at the Andalusia Area Chamber of Commerce. (Sat, 30 Jun 2007 05:23:35 GMT)

Band keeps famous Cash sound alive
In 1960, W.S. Holland never dreamed that he'd be playing drums for a rock 'n' roll legend, much less that he would be touring for almost 50 years. The only thing Holland wanted to do is to keep rocking, and not in a wooden chair. (Sat, 30 Jun 2007 06:11:58 GMT)

Today's Agenda
Items contributed must be received at least two days in advance at Calendar Desk, The Miami Herald, 1 Herald Plaza, Fifth Floor Newsroom, Miami, FL 33132-1693. Or e-mail your items to newscalendar@MiamiHerald.com . No faxes, please. To search for events througout South Florida, click on Calendar on the left side of the screen at www.MiamiHerald.com . (Sat, 30 Jun 2007 07:14:26 GMT)

Judge won't delay cap on car title, payday loan rates
SALEM -- A law capping annual interest rates at 36 percent on consumer loans will go into effect Sunday, a judge ruled Friday. (Sat, 30 Jun 2007 07:19:43 GMT)

Arizona's major utilities sever links to payday loan centers
PHOENIX -- Arizona's major utility companies have ended a longtime practice of allowing customers to drop off electric and gas payments at payday-loan centers. (Sat, 30 Jun 2007 08:32:41 GMT)

Payday loan ties dropped
Arizona's major utilities have ended a longtime practice of allowing customers to drop off electric and gas payments at payday-loan centers after a Phoenix community action group brought the matter to light. (Sat, 30 Jun 2007 09:31:45 GMT)

Notes
Heat (Sat, 30 Jun 2007 19:48:46 GMT)

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