Cash Advance News Oct 2007

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Committee agrees on payday loans resolution
DOWNTOWN AKRON — A Summit County Council committee weighed in on payday loan lenders Oct. 22 as it recommended Council adopt legislation that encourages the state to take action on the businesses. (Thu, 25 Oct 2007 04:35:59 GMT)

Man, 33, charged in A.C. casino robberies
A man arrested Tuesday after trying to rob a cash-advance teller at one Atlantic City casino confessed to robbing several gambling halls since July, State Police said. (Thu, 25 Oct 2007 08:46:32 GMT)

Money Mart Welcomes British Columbia Law on Payday Loans
National Money Mart Company, a subsidiary of Dollar Financial Corp and Canada's leading convenience financial service provider today welcomed new legislation passed by the British Columbia government that brings greater regulatory certainty and will balance strong consumer protection with a viable payday loan industry. (Thu, 25 Oct 2007 12:30:00 GMT)

No cash for DA's debt, trio says
The cash-strapped New Orleans city government is in no position to pay the $3.7 million a federal judge has ordered District Attorney Eddie Jordan to hand over to the employees he wrongly fired in 2003, three City Council members said Wednesday. (Thu, 25 Oct 2007 13:44:03 GMT)

N.J. Lottery's Cash 5 game grows to record $1.8 million
The New Jersey Lottery's Jersey Cash 5 jackpot is so large that the lottery's web site jackpot listing is not designed to handle the large number. (Thu, 25 Oct 2007 14:08:41 GMT)

Police: 4 casinos were held up by a Jersey City man
ATLANTIC CITY - A man arrested Tuesday after trying to rob a cash advance teller at an Atlantic City casino confessed to robbing four gambling halls since July, State Police said. (Thu, 25 Oct 2007 16:24:18 GMT)

Advance Fee Scams Target Cash-Strapped Consumers
Would-be borrowers in the U.S. and Canada are being bilked out of thousands of dollars by unscrupulous online lenders. (Thu, 25 Oct 2007 17:00:00 GMT)

Cash America Reports a 31% Increase in Third Quarter Net Income Per Share from Continuing Operations and Declares ...
FORT WORTH, Texas----Cash America International, Inc. announced today that net income for the third quarter of 2007 was $20,616,000 . The third quarter results include a pre-tax gain of $6.3 million from the Company's sale of its notes receivable and its rights to acquire a minority ownership position in an overseas pawn lending business, Svensk Pantbelaning. (Thu, 25 Oct 2007 20:15:00 GMT)

Cash America Announces New Share Repurchase Authorization
Cash America International, ( Nachrichten ) Inc. (NYSE:CSH) announced today that its board of directors, at its regularly scheduled meeting, authorized the repurchase of up to 1,500,000 shares of the Company ' s common stock in open market transactions. (Thu, 25 Oct 2007 22:07:00 GMT)

Cash America Reports a 31% Increase in Third Quarter Net Income Per Share from Continuing Operations and Declares ...
Cash America International, ( Nachrichten ) Inc. (NYSE:CSH) announced today that net income for the third quarter of 2007 was $20,616,000 (68 cents per share). (Thu, 25 Oct 2007 22:07:36 GMT)

Blunt pledges to look at senior issues
Missouri Gov. Matt Blunt told members of the Silver Haired Legislature Thursday morning he will look at their proposals to regulate the Payday Loan industry - as long as the proposals don't cause other damage. (Thu, 25 Oct 2007 22:13:35 GMT)

Advance Fee Scams Target Cash-Strapped Consumers
Authorities are warning of yet another scam targeting online loan applicants. This time it's an advance fee loan scheme involving MortgageTree Lending, a company that is finding plenty of victims online. (Thu, 25 Oct 2007 22:35:47 GMT)

Capital Advance Corp Emerges As The New Leader In Merchant Funding
Capital Advance Corp, a leading merchant funder, announced the completion of their first round of fund raising for their business expansion. (PRWeb Oct 25, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1Mb3ZlLVN1bW0tTG92ZS1UaGlyLVplcm8= (Thu, 25 Oct 2007 23:47:40 GMT)

Whistle-blowers suing payday lender
Ex-Check 'n Go workers say they were followed and harassed in an attempt to discredit them. As the fight over banning payday lending in Washington, D.C., was reaching its climax last month, two former Check 'n Go managers in that region turned on their employer as whistle-blowers. (Fri, 26 Oct 2007 07:38:41 GMT)

Payday lender takes a hit
Still feeling the stings of various state regulatory actions, Advance America, Cash Advance Centers, Inc. is now getting pinched by a tightening economy. During a Thursday conference call with analysts, the pay lender’s chief executive, Ken Compton, described a company preparing for legislative fights over lending restrictions in several states — including South Carolina — while taking a serious ... (Fri, 26 Oct 2007 11:54:51 GMT)

Robber steals bagel store's cash register
STATEN ISLAND, N.Y. -- A robber ran into an Arrochar bagel store early this morning, snatching the cash register. He then took off in a white car and drove toward the Verrazano-Narrows Bridge. (Fri, 26 Oct 2007 12:52:26 GMT)

Cash America shares up on earnings announcement
Cash America International Inc.'s shares were up nearly 12 percent in Friday morning trading after reporting 60 percent increase in third-quarter profit. (CSH) (Fri, 26 Oct 2007 15:41:28 GMT)

Payday loans: curse or savior?
Linda McLean of Westwood repeatedly takes out $900 on two two-week-long payday loans — about $100 more than what she earns every two weeks. (Fri, 26 Oct 2007 20:07:42 GMT)

Canadian Stocks Advance, Led by Scotiabank and Goldcorp
Oct. 26 (Bloomberg) -- Canadian stocks gained for fifth day, as crude oil rose to a record, lifting prices of gold and other commodities and tempering the effect of higher energy royalties announced by Alberta, hub of the nation's oil and gas industry. (Fri, 26 Oct 2007 20:09:18 GMT)

Canadian Stocks Advance on Oil, Led by Scotiabank and Goldcorp
Oct. 26 (Bloomberg) -- Canadian stocks had the biggest gain in five weeks after crude oil rose to a record, lifting prices of gold and other commodities, and tempering the effect of higher energy royalties announced by Alberta, hub of the nation's oil industry. (Fri, 26 Oct 2007 21:39:08 GMT)

Labour peer in new cash-for-access storm
LABOUR was embroiled in a fresh cash-for-access controversy last night. (Sat, 27 Oct 2007 00:28:39 GMT)

Labour peer in new cash-for-access storm
LABOUR was embroiled in a fresh cash-for-access controversy last night. (Sat, 27 Oct 2007 00:28:49 GMT)

LaSalle undertaker guilty of fraud
A former LaSalle undertaker has been found guilty of fraud for faking the deaths of senior citizens to cash in thousands of dollars from trust funds they had set up to pay in advance for their burials. (Sat, 27 Oct 2007 01:46:47 GMT)

No More Heroes Pre-Order Pressie [No More Heroes]
Not that fans will need any further encouragement to purchase their copy of Grasshopper's No More Heroes in advance, but let's just say they did. What could convince them to part with cash in the turbulent days preceding a title's release? (Sat, 27 Oct 2007 04:30:49 GMT)

Need cash? Calculate the least costly option
Borrowers should not rely on the judgment of loan providers in making decisions about cash-out refinance. (Sat, 27 Oct 2007 07:12:25 GMT)

300% loans: Service or trap?
Facing interest rates of 285.16 or 332.68 percent, payday loan customers are desperate. Consumer groups say lenders prey on the poor and elderly, and want caps on fees. (Sat, 27 Oct 2007 09:25:16 GMT)

Web Search powered by
REDDING - A Redding man has been sentenced to 130 years to life in state prison for the Nov. 15, 2006 armed robbery of the Advance America Cash Advance on Churn Creek Road in Redding. (Sat, 27 Oct 2007 18:59:05 GMT)

Slow housing market speeds up scam Predatory buyers are borrowing more than what a house is worth,pocketing the ...
Even after the South Florida housing market peaked in 2005, Johnson Cuffy knew how to score big profits in real estate. (Sun, 28 Oct 2007 04:11:42 GMT)

Money for improvements
The state Department of Revenue last week certified the city's "free cash" at $853,751 for the fiscal year that began July 1. Free cash is defined as the remaining unrestricted funds from operations of the previous year. This year's free cash total is nearly double that of last year and the highest amount the city has had in nine years, ... (Sun, 28 Oct 2007 05:08:51 GMT)

Payday lenders fight for control
Whether you call them payday lenders, cash advance companies or check holders, it is all the same game. (Sun, 28 Oct 2007 09:24:02 GMT)

Payday lenders fill S.C. war chests
Payday lenders have given nearly $64,000 to the 2008 candidates for president, with a vast majority of that going to Democrats, many of whom have accused the industry of unfair lending practices. In addition, U.S. lawmakers from South Carolina, as well as key state lawmakers, have taken thousands in contributions from payday lenders, their employees, political action committees or trade ... (Sun, 28 Oct 2007 13:19:16 GMT)

Cash Crunch Solutions in a Snap
(ARA) - Sometimes life throws us a curve ball and we don't have any choice but to catch it -- even if it means dropping everything else. (Sun, 28 Oct 2007 18:51:36 GMT)

Ask SCORE: Proper planning and advance research are keys to success for small business owners
QUESTION: I read recently that many small business ventures fail in the first two years. If this is true, what are the main reasons for failure and how does one avoid the pitfalls? (Sun, 28 Oct 2007 20:55:03 GMT)

Payday lenders flash cash in politics
Payday lenders have given nearly $64,000 to the 2008 candidates for president, with a vast majority of that going to Democrats, many of whom have accused the industry of unfair lending practices. In addition, U.S. lawmakers from South Carolina, as well as key state lawmakers, have taken thousands in contributions from payday lenders, their employees, political action committees or trade ... (Mon, 29 Oct 2007 04:36:15 GMT)

Valuable service or financial trap? Local advocate group urges interest rate cap; payday lenders prefer different ...
WOOSTER -- The fees payday lenders charge are crippling some families, advocates say, and they want the Ohio General Assembly to pass legislation to protect consumers. (Mon, 29 Oct 2007 08:15:44 GMT)

European Stock-Index Futures Rise; BHP, Shell May Advance
Oct. 29 (Bloomberg) -- European stock-index futures climbed. BHP Billiton Ltd. and Royal Dutch Shell Plc may lead mining and energy shares higher after metal prices gained in Asia and oil rose to a record. (Mon, 29 Oct 2007 08:19:50 GMT)

Cash Systems, Inc. to Host Conference Call
LAS VEGAS----Cash Systems, Inc. , a provider of cash access solutions for the gaming industry, today announced that it will host a conference call to discuss third quarter financial results on Thursday, November 8, 2007 at 5:00 p.m. (Mon, 29 Oct 2007 12:30:00 GMT)

Store employee robbed at gunpoint
An employee of a Fairfield cash advance business was robbed at gunpoint Saturday night shortly after the business closed. Shortly before 9:45 p.m., the woman had just closed Cash One in the 1000 block of North Texas Street when a man with a handgun approached her, forced her back into the business and stole the establishment's cash deposit, police said. (Mon, 29 Oct 2007 13:27:54 GMT)

Toll survey set in advance of Nov. 1 change
In preparation for the new one-way tolls, LeeWay is offering a survey to (Mon, 29 Oct 2007 13:47:56 GMT)

Barrick to buy Arizona Star for $773M, looking to cash in on high gold prices
TORONTO - Barrick Gold Corp. (TSX:ABX) is hoping to cash in on high gold prices by buying Arizona Star Resource Corp. (TSXV:AZS) for C$773 million in a friendly deal that will give it control of one of the world's largest undeveloped gold and copper projects - the Cerro Casale deposit in Chile. (Mon, 29 Oct 2007 18:57:00 GMT)

Global Payments Announces Cash Access Agreement with Mount Airy Casino Resort
Global Payments Inc. , a leader in payment processing and gaming cash access services, today announced an agreement to provide its VIP LightSpeed® suite of cash access products and services to the Mount Airy Casino Resort in Paradise Township, Pennsylvania. (Mon, 29 Oct 2007 20:02:00 GMT)

Global Payments Announces Cash Access Agreement with Mount Airy Casino Resort
Oct 29, 2007 9:02 AM (4 hrs ago) From Global Payments Inc., Distributed by Press Release (Mon, 29 Oct 2007 20:28:33 GMT)

New payday regulations take effect Nov. 1
Tough new payday loan regulations will go into effect Nov. 1. Gov. Bill Richardson, who pushed for the rules, calls them some of the toughest and most pro-consumer in the country. (Mon, 29 Oct 2007 21:06:04 GMT)

Stateline Area News in Brief
Robber strikes cash advance store Check into Cash Advance and Payday Center, 2729 Prairie Ave., Beloit, was robbed around 4:10 p.m. Sunday. (Mon, 29 Oct 2007 22:11:15 GMT)

Ticket Brokers In For Big Colts-Patriots Payday
Scalpers, online brokers and others figure to reap lots of cash for tickets to Sunday's showdown between the New England Patriots and the Indianapolis Colts. (Tue, 30 Oct 2007 04:01:28 GMT)

Even well-off need quick cash
A survey of B.C. "payday-loan" customers shows the majority are well-educated and hold steady jobs while almost half have annual household incomes of more than $50,000. (Tue, 30 Oct 2007 08:52:12 GMT)

FDIC to look for alternatives to controversial payday loans
The Federal Deposit Insurance Corp. plans to conduct a two-year study to find alternatives to the controversial high-interest payday loans. (Tue, 30 Oct 2007 15:37:52 GMT)

Get a Cheap Loan Fast ... From Yourself
Your 401(k) is there for you when you need cash. (Tue, 30 Oct 2007 18:46:26 GMT)

Suspect admits heist
GRAND HAVEN -- A 23-year-old Holland woman accused of robbing a cash advance store twice while pregnant pleaded guilty Monday to one count of armed robbery. (Tue, 30 Oct 2007 19:03:08 GMT)

NEW INFO: Surveillance Vid of Weston Armed Robbery Released
Surveillance video of an armed robbery at Payday Loan Store in Weston two and a-half weeks ago has been released. (Tue, 30 Oct 2007 23:34:16 GMT)

State law on payday loans taking effect
SANTA FE (AP) - New restrictions on payday loans take effect this week, including a cap on the fees that lenders can charge consumers. (Wed, 31 Oct 2007 01:04:47 GMT)

Aid Request Emphasizes U.S. Support of Palestinian Authority Leadership
President Bush has proposed a sixfold increase in aid to the Palestinians, including $150 million in direct cash transfers to the Palestinian Authority, in an effort to bolster the government in advance of a Middle East peace conference planned for later this month in Annapolis. (Wed, 31 Oct 2007 05:34:28 GMT)

European Stocks Advance, Led by Deutsche Bank, Tele Atlas
Oct. 31 (Bloomberg) -- European stocks rose, heading for a second-consecutive monthly advance, after Deutsche Bank AG said the fourth quarter started well. (Wed, 31 Oct 2007 11:04:42 GMT)

Borrowing fee adjusted in House
CONCORD -- A key House committee approved a small adjustment to what payday and title loan companies can charge for short-term borrowing after rejecting a Nashua lawmaker's bid to dramatically curb those charges on Tuesday. ... - By KEVIN LANDRIGAN Telegraph Staff (Wed, 31 Oct 2007 11:18:53 GMT)

European Stocks Advance, Led by Deutsche Bank, Tele Atlas
Oct. 31 (Bloomberg) -- European stocks rose, heading for a second-consecutive monthly advance, led by financial companies after Deutsche Bank AG said the fourth quarter began ``very positively'' and it affirmed its profit targets. (Wed, 31 Oct 2007 12:04:42 GMT)

pSivida Quarterly Cash Flow - Sept. 30, 2007 Commentary and Highlights
pSivida Limited (NASDAQ:PSDV)(ASX:PSD)(Xetra:PSI): (Wed, 31 Oct 2007 12:30:00 GMT)

U.S. Stocks Rise on Economic Growth; Kraft, MasterCard Advance
Oct. 31 (Bloomberg) -- U.S. stocks climbed for the third time in four days after the economy grew more than forecast and earnings topped analysts' estimates at MasterCard Inc. and Kraft Foods Inc. (Wed, 31 Oct 2007 14:05:45 GMT)

Suspect charged in cash store heist
GRAND RAPIDS -- Indiana native Jason Gideon made a brief appearance in court Tuesday on a charge of robbing a cash advance store. It will not be his last. (Wed, 31 Oct 2007 14:16:29 GMT)

U.S. Stocks Rise on Economic Growth; MasterCard, Kraft Advance
Oct. 31 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor's 500 Index to its third straight monthly gain, after the economy grew more than forecast and earnings topped analysts' estimates at MasterCard Inc. and Kraft Foods Inc. (Wed, 31 Oct 2007 15:05:54 GMT)

U.S. stocks rise on economic growth; MasterCard, Kraft advance
U.S. stocks rose, sending the Standard & Poor's 500 Index to its third straight monthly gain, after the economy grew more than forecast and earnings topped analysts' estimates at MasterCard Inc. and Kraft Foods Inc. MasterCard, the second-biggest credit-card network, rallied the most in a year on higher customer spending. Kraft Foods posted its steepest gain in almost two months after the ... (Wed, 31 Oct 2007 15:29:30 GMT)

U.S. Stocks Rise on Economic Growth; MasterCard, Kraft Advance
Oct. 31 (Bloomberg) -- U.S. stocks rose, locking in a third straight month of gains for the Standard & Poor's 500 Index, after the economy grew more than forecast and earnings topped analysts' estimates at MasterCard Inc. and Kraft Foods Inc. (Wed, 31 Oct 2007 15:42:31 GMT)

Advance Auto Parts Reports Third Quarter Results
ROANOKE, Va.----Advance Auto Parts, Inc. , a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the fiscal third quarter ended October 6, 2007. (Wed, 31 Oct 2007 20:15:00 GMT)

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