Cash Advance News Jan 2008

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Stocks soar, deficit worries rise
NEW YORK - Wall Street pulled off a stunning comeback yesterday, with stocks surging higher in late trading and wiping out what looked to be yet another massive decline. The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just below 300 points. (Thu, 24 Jan 2008 13:11:50 GMT)

Payday loans hook customers, credit counsellor says
The provincial regulator is being asked to develop explicit rules to prevent payday loan companies from letting people borrow money to pay back their original loans. (Thu, 24 Jan 2008 14:49:08 GMT)

Should You Pay In Cash?
Articles and books on personal finance generally pack in as many tips as possible in an effort to make at least a couple essential ones stick. (Thu, 24 Jan 2008 16:16:42 GMT)

How To Handle a Cash Crunch
(ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day. (Thu, 24 Jan 2008 16:32:17 GMT)

Treasurys mixed as the stock market manages to extend the prior day's advance
Treasury prices were mixed in uncertain trade Thursday as the stock market tried to extend a lively rebound into a second session. Treasury prices were volatile, alternating between fairly heavy gains and slight losses as the market adjusted to a sudden resumption of demand for stocks. (Thu, 24 Jan 2008 16:45:29 GMT)

Berkeley seeks to limit short-term loan firms
Berkeley is joining Florissant in trying to limit the number of businesses that offer short-term, high-interest loans in their communities. (Thu, 24 Jan 2008 17:44:58 GMT)

US Cash Hogs Midday: Steady To $1 Higher On Improved Demand
KANSAS CITY (Dow Jones)--Cash hog prices in the Midwest near midday Thursday are reported steady to $1 per hundredweight higher on improved packer demand this week. (Thu, 24 Jan 2008 18:27:48 GMT)

Cash America Announces Fourth Quarter Earnings Per Share Increases 24% and Declares Dividend
FORT WORTH, Texas----Cash America International, Inc. announced today that its fourth quarter 2007 earnings per share rose 24% to 88 cents on $26,287,000 in net income compared to 71 cents per share on net income of $21,699,000 for the fourth quarter of 2006. (Thu, 24 Jan 2008 21:05:00 GMT)

Cash Systems, Inc. Announces New Contract
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced a new multi-year contract with The Wildwood Casino where Cash Systems will provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking. (Thu, 24 Jan 2008 21:06:32 GMT)

First Cash's Car Crash
The payday lender's used-car dealerships fail to jumpstart revenue. (Thu, 24 Jan 2008 21:14:06 GMT)

Cash America Announces Fourth Quarter Earnings Per Share Increases 24% and Declares Dividend
Cash America International, Inc. (NYSE: CSH) announced today that its fourth quarter 2007 earnings per share rose 24% to 88 cents on $26,287,000 in net income compared to 71 cents per share on net income of $21,699,000 for the fourth quarter of 2006. The successful fourth quarter 2007 period, which ended on December 31, is attributable to a 21% increase in total revenue for the period, which ... (Thu, 24 Jan 2008 21:29:07 GMT)

Are Payday Loans a Service or a Disservice?
S ome bills simply must be paid. So when the rent and the car payment come due but Tasnuva Ahmed's next paycheck is a week away and the wallet is empty, she visits her local payday lenders. (Thu, 24 Jan 2008 21:29:45 GMT)

U.S. Stocks Advance on Earnings, Government Stimulus Package
Jan. 24 (Bloomberg) -- U.S. stocks staged their biggest two- day rally since November after Xerox Corp. and Lockheed Martin Corp. reported profit that topped analysts' estimates and lawmakers agreed on a plan to pay tax rebates to families. (Thu, 24 Jan 2008 22:36:38 GMT)

Quality of life, city image on Mesa District 5 voters' minds
Balancing quality of life with the need for economic development and changing the overall perception of Mesa as a city offering more than pawn shops and payday loan stores topped the list of concerns among residents at a forum for District 5 City Council and mayoral candidates Wednesday. (Fri, 25 Jan 2008 01:41:03 GMT)

Stocks Rise in Europe, Asia; SAP, Microsoft, Porsche Advance
Jan. 25 (Bloomberg) -- Stocks in Europe and Asia climbed, led by technology companies, carmakers and banks, after upbeat forecasts from Microsoft Corp. and Porsche SE helped shore up investor confidence. U.S. index futures increased. (Fri, 25 Jan 2008 10:05:26 GMT)

Stocks Rise in Europe, Asia; ASML, Microsoft, Porsche Advance
Jan. 25 (Bloomberg) -- Stocks climbed in Europe and Asia, led by technology companies, carmakers and banks, after upbeat forecasts from Microsoft Corp. and Porsche SE helped shore up investor confidence. U.S. index futures increased. (Fri, 25 Jan 2008 11:19:46 GMT)

Stocks Rise in Europe, Asia; ASML, Microsoft, Porsche Advance
Jan. 25 (Bloomberg) -- Stocks climbed in Europe and Asia, led by carmakers, technology and mining companies after an upbeat forecast from Microsoft Corp. and stronger-than-estimated sales at Porsche SE helped shore up investor confidence. U.S. index futures increased. (Fri, 25 Jan 2008 12:49:28 GMT)

Residents sound off at W. Mesa candidates forum
Mesa's council District 1 has taken it on the chin in recent years as it wrestles with crime, an influx of payday loan stores and urban flight. But anybody at Thursday night's candidates forum could see what northwest Mesa has going for it: Its residents aren't afraid to speak up. (Fri, 25 Jan 2008 14:39:12 GMT)

European Stocks Rise; SAP, Porsche, BHP Billiton, BP Advance
Jan. 25 (Bloomberg) -- European stocks climbed, led by carmakers, technology companies and commodity producers, after an upbeat forecast from Microsoft Corp. and stronger-than-estimated sales at Porsche SE helped shore up investor confidence. (Fri, 25 Jan 2008 16:04:28 GMT)

Store is robbed
LAPLACE - St. John Sheriff’s deputies are looking for clues regarding the armed robbery of a LaPlace cash advance store, a spokesman for the department said Wednesday. (Fri, 25 Jan 2008 19:51:24 GMT)

Payday loans have benefits, risks
Judy Killion of Garden City said she wanted to pay her electric bill so she wouldn't be left in the dark. (Fri, 25 Jan 2008 21:19:06 GMT)

Bush Nudges Senate to Move on Stimulus Package
President Bush said it would be a mistake to delay the stimulus bill by adding new provisions when Americans need extra cash in their wallets as soon as possible. (Fri, 25 Jan 2008 21:37:26 GMT)

Deputies seeking armed robber
Officers were looking for a man suspected of an armed robbery in Sunnyside neighborhood shopping plaza Friday afternoon. Sheriff's deputies responded at 2:15 p.m. to Advance America Cash Advance, 11500 N.E. 76th St. (Fri, 25 Jan 2008 22:58:04 GMT)

Dow declines as investors cash in
NEW YORK: Wall Street ended a tumultuous week with a sharp decline Friday, backtracking after two days of stunning gains as investors turned cautious and cashed in some of their winnings. The Dow Jones industrial average still managed to record its first weekly advance of 2008, even as it fell more than 170 points on the day. (Sat, 26 Jan 2008 06:38:40 GMT)

Investors cash in, but stocks show gain for week
Wall Street ended a tumultuous week with a sharp decline Friday, backtracking after two days of stunning gains as investors turned cautious and cashed in some of their winnings. (Sat, 26 Jan 2008 06:52:57 GMT)

Payday lending reform needed
Ohio's 1995 legislation that enabled the practice of payday lending now looks like a classic case of good intentions gone awry. (Sat, 26 Jan 2008 10:41:13 GMT)

Van Hoogstraten arrested on cash and porn charges
The infamous property tycoon Nicholas van Hoogstraten has been arrested by Zimbabwean police, who suspect him of violating the country's currency exchange rules and possessing pornography. (Sun, 27 Jan 2008 00:38:21 GMT)

For Speaker, Calculated Stimulus Steps
Representative Nancy Pelosi?s decision to abandon central Democratic tenets of past economic recovery measures to instead funnel cash directly to more Americans is drawing criticism. (Sun, 27 Jan 2008 00:43:41 GMT)

Mardi Gras comes to Hobart
Home and School Association of St. Bridget School is hosting a Mardi Gras Party from 6:30 to 11:30 p.m. Friday in the Parish Center at 107 Main St Tickets for adults are $10 in advance $13 At the door, and tickets for ages 12 and younger are $ 5. (Sun, 27 Jan 2008 07:44:17 GMT)

Your Opinion
I would like to respond to some of the things I hear payday lenders saying in their misleading ads on TV, radio and in the newspaper. I can answer these statements because I work with consumers who have experienced the “debt trap.” (Sun, 27 Jan 2008 09:12:09 GMT)

No closing the deal on loan issue
It must be high stakes if the boss of the nation's largest publicly traded payday lender gives up a weekend with his family to hang out in Richmond. Advance America's Ken Compton flew from South Carolina -- apparently aboard one of the company jets that once ferried former presidential wannabe Mark Warner, who helped open Virginia to lenders in 2002 -- for secret talks over legislation to clean ... (Sun, 27 Jan 2008 09:53:06 GMT)

Obama, Clinton court Silicon Valley
The race for presidential primary cash in Silicon Valley is heating up, with Democratic front-runners Hillary Clinton and Barack Obama snagging new high-profile endorsements and fat checks in advance of California's Feb. 5 primary. (Sun, 27 Jan 2008 11:11:25 GMT)

Europeans still addicted to cash
Efficient cross-border electronic payment systems should help wean Europeans off their heavy use of cash for transactions - but people should not expect a change overnight, according to Gertrude Tumpel-Gugerell, European Central Bank executive board member. (Mon, 28 Jan 2008 02:30:23 GMT)

Payday lender says it's going upscale
In an industry that often struggles with its reputation, Advance Financial, formerly Advance Payday, is changing its image and positioning itself as a more upscale, aesthetically pleasing financial services provider. (Mon, 28 Jan 2008 05:05:17 GMT)

Zimbabwe: Tycoon Van Hoogstraten Nabbed
Brittish tycoon Nicholas van Hoogstraten has been arrested after being found in possession of $20 billion cash, US$37 586, R92 880, 190 British pounds and 180 pula. (Mon, 28 Jan 2008 11:15:41 GMT)

Cash is a mere gesture
THE Tasmanian Premier on his decision to compensate his state's Aboriginal Stolen Generations. (Mon, 28 Jan 2008 13:00:00 GMT)

What happened to the Securitas cash?
Some of the money stolen in Britain's biggest cash robbery was recovered, but what has happened to the rest? (Mon, 28 Jan 2008 13:32:29 GMT)

Cash moves faster when outgoing than incoming
Dear Fixer: I am due a refund from Dec. 19 on a Hewlett-Packard product that I had ordered and paid for on my debit card. (Mon, 28 Jan 2008 15:31:00 GMT)

Stocks advance after homes sales drop
A jittery Wall Street advanced Monday, fighting to reverse Friday's sharp losses as investors took a dismal new home sales report as a sign that the Federal Reserve will lower rates this week. (Mon, 28 Jan 2008 17:13:20 GMT)

Monday January 28, 2008 - 13:30 EST
LAS VEGAS, Nevada --(PRESS RELEASE) -- Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced a new multi-year contract with The Wildwood Casino where Cash Systems will provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking. (Mon, 28 Jan 2008 18:32:59 GMT)

Laura Bush honors Fort Worth arts programs
By DAVE MONTGOMERY WASHINGTON -- She stands 4 feet, 11 3/4 inches, but to those who have watched her work, Ginger Head Gearheart is as relentless as a tsunami when it comes to the cause she began two decades ago -- helping children of Fort Worth advance through the arts and culture. On Monday, Imagination Celebration, which has benefited hundreds of thousands of children since Gearheart founded ... (Tue, 29 Jan 2008 01:18:05 GMT)

Police Searching for a Man that Robbed Auto Title Loan Store
Police are searching for a man who robbed the Wisconsin Auto Title Loans and Payday loans on the corner of Ross and Grand early Monday evening. (Tue, 29 Jan 2008 03:02:31 GMT)

Who uses payday loans? Not who you might think.
Inside the offices of Advance America Cash Advance, posters telling stories of andquot;the working mom,andquot; andquot;the mailman andquot; and andquot;the hair stylistandquot; reveal the payday lender's target audience. As traffic zoomed by on Military Highway one recent Friday morning, custome ... (Tue, 29 Jan 2008 03:22:13 GMT)

Post office to eliminate cash-only vending machines
HUNTINGTON -- The U.S. Postal Service will stop selling stamps out of cash-only vending machines at post offices and other retail locations in the Appalachian District beginning Friday, Feb. 29. (Tue, 29 Jan 2008 04:16:36 GMT)

The Britney Spears Economy
For a growing number of people and businesses, Britney's saga is about money: Every time she sinks to new lows, cash flows. And these days, no one is above the fray. (Tue, 29 Jan 2008 04:29:16 GMT)

Census: Az leads in payday loans, RV rentals, brick making
PHOENIX - Arizona leads the nation in unsecured cash loans, truck, RV and trailer rentals and manufacturing of concrete blocks, bricks and trusses, according to U.S. Census Bureau rankings distributed Monday. (Tue, 29 Jan 2008 07:06:44 GMT)

Payday loan regulation? No interest for state legislature
This winter, state lawmakers in Olympia might regulate subprime mortgage lenders, reform the health care system or scrutinize health insurance rate increases. (Tue, 29 Jan 2008 09:31:32 GMT)

Learning from Ohio's payday woes
Like many people with stories about the payday lending industry, Terrence Jent found his difficult to tell. (Tue, 29 Jan 2008 09:41:14 GMT)

Learning from Ohio's payday woes
Like many people with stories about the payday lending industry, Terrence Jent found his difficult to tell. Not because he had lost a bundle through usurious charges, but because he was a former manager telling industry secrets – a whistle-blower. (Tue, 29 Jan 2008 09:42:02 GMT)

Stocks advance in quiet trading
Traders are waiting for Wednesday's Fed meeting; Dow rises 176. A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a sign the Federal Reserve will lower rates this week. (Tue, 29 Jan 2008 10:58:59 GMT)

Payday loan limits not likely this session
This winter, state lawmakers in Olympia might regulate subprime mortgage lenders, reform the health care system or scrutinize health insurance rate increases. (Tue, 29 Jan 2008 14:59:14 GMT)

Regulators on lookout for shiftiness
Two months after state laws restricting payday loans took effect, some loan stores in Illinois are shifting the way they do business, prompting concern among consumer advocates and state regulators. Some lenders are now selling five- or six-month installment loans that carry annual precentage rates as high as 400 percent. The loans do not fall under new regulations, which apply to payday ... (Tue, 29 Jan 2008 16:03:44 GMT)

Stocks Advance As Investors Await Fed
Wall Street advanced Tuesday as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut to revitalize the struggling U.S. economy. (Tue, 29 Jan 2008 16:21:00 GMT)

Stocks advance as investors await Fed
Wall Street was mostly higher Tuesday as the Federal Reserve opened a two-day meeting expected to bring another interest rate cut to revitalize the U.S. economy. (Tue, 29 Jan 2008 17:27:07 GMT)

Papers with personal info found in Check into Cash's trash
CHAMPAIGN – File boxes stuffed with documents containing the personal information of payday loan customers were found in a local trash bin Tuesday morning. The trash bin off North Prospect Avenue contained documents from Check into Cash, a company that issues payday advance loans. The bin, in an alley adjacent to the shopping center in which Check into Cash is located, contained boxes filled ... (Tue, 29 Jan 2008 17:28:14 GMT)

Personal Finance Daily -- Jan. 29
If you’re strapped for cash, you probably wouldn’t think to write up a compelling story about why you need the money and then trot around to various strangers on the street trying to convince them to make you the advance. But now you can. (Tue, 29 Jan 2008 17:59:09 GMT)

Virginia Pilot Research Confirms Payday Loan Stores Located in Middle Income Neighborhoods
Proves Critics Are WRONG that Payday Loans Target the Poor (Tue, 29 Jan 2008 18:48:00 GMT)

N.Y. Taps Firm to Advance Bond Rescue
Advisory firm Perella Weinberg Partners, hired by New York state to help find investment capital for cash-strapped bond insurers, is facing both skeptical lenders and time constraints. (Tue, 29 Jan 2008 20:58:33 GMT)

State Considers Restricting Payday Loans
Payday loan companies promise to get people cash when they need it most, but the state is considering capping the high interest rates that accompany such loans. (Tue, 29 Jan 2008 22:09:47 GMT)

Citi Announces Three Key Hires
Citi today announced three key senior executive appointments in its Alternative Investments and Markets & Banking units that will help advance the company's growth opportunities in alternative investments, Latin America banking, and the U.S. cash equities business. (Tue, 29 Jan 2008 22:12:56 GMT)

Stocks advance as investors awaid Fed
Wall Street advanced sharply Tuesday as the Federal Reserve opened a two-day meeting expected to bring another interest rate cut to revitalize the U.S. economy. (Tue, 29 Jan 2008 22:41:28 GMT)

Shortage of Short-term Lenders?
Opponents say a cap on payday loan interest rates would force the industry out of the state, leaving people with only more costly options. Key Senators are exploring the full extent of short-term loan choices available for consumers. (Tue, 29 Jan 2008 23:14:20 GMT)

Lawmakers consider a bill to educate on payday loans
Associated Press - January 29, 2008 8:34 PM ET BOISE, Idaho (AP) - One Idaho lawmaker wants consumers who take out payday loans to be notified of debt and credit counseling each time they... (Wed, 30 Jan 2008 01:35:43 GMT)

ID lawmakers consider a bill to educate payday loan consumers
Idaho lawmakers will consider a bill to ensure that consumers who take out payday loans receive a list of all the debt and credit counselors available in the state each time they borrow. (Wed, 30 Jan 2008 02:56:12 GMT)

Town Talk for Jan. 30
Cash advance? WELL, IT SEEMS that President Bush wants to give a tax rebate to those who pay taxes. What about us seniors who are too poor to pay taxes where do we fit in? (Wed, 30 Jan 2008 06:44:33 GMT)

Shurtleff defends payday loan rates
Utah Attorney General Mark Shurtleff said Tuesday that banning "payday loans" could hurt the poor more than it would help them and could force more of them into bankruptcies or repossessions. (Wed, 30 Jan 2008 07:34:36 GMT)

Stocks Advance As Investors Awaid Fed
Wall Street advanced sharply Tuesday as the Federal Reserve opened a two-day meeting expected to bring another interest rate cut to revitalize the U.S. economy. (Wed, 30 Jan 2008 10:09:17 GMT)

Payday lending reform needed
Ohio's 1995 legislation that enabled the practice of payday lending now looks like a classic case of good intentions gone awry. (Wed, 30 Jan 2008 13:07:24 GMT)

Website to reunite forgotten cash
Customers are urged to use a new website to reclaim hundreds of millions of pounds of dormant savings. (Wed, 30 Jan 2008 13:26:11 GMT)

US Q4 GDP Advance
US Q4 GDP Advance 0.6%, vs 1.2% exp. You need to be logged in to Forexnews to view the remainder of this article. Please login with your username and password at the top left corner of the site, or Request Free username and password to receive full access. (Wed, 30 Jan 2008 13:31:45 GMT)

Cash Systems, Inc. to Present at the 2008 Deutsche Bank Small and Mid Cap Growth Conference
LAS VEGAS----Cash Systems, Inc. , a provider of cash access technology for the gaming industry, today announced that the Company will be presenting at the 2008 Deutsche Bank Small and Mid Cap Growth Conference on Wednesday, February 13, 2008 at the Ritz Carlton in Naples, Florida. (Wed, 30 Jan 2008 21:01:00 GMT)

Amazon.com Announces Fourth Quarter Sales up 42% to $5.7 Billion; 2007 Free Cash Flow More Than Doubles, Surpassing $1 ...
Amazon.com, Inc. (623;NASDAQ:AMZN) today announced financial results for its fourth quarter and year ended (Wed, 30 Jan 2008 21:17:28 GMT)

Cash Systems, Inc. to Present at the 2008 Deutsche Bank Small and Mid Cap Growth Conference
Cash Systems, Inc. (2109;NASDAQ:CKNN), a provider of cash access technology for the gaming industry, today (Wed, 30 Jan 2008 21:17:38 GMT)

10 Tips: How to score big at yard sales
With a little bit of advance planning, you can greatly improve your experience at garage sales and save serious cash on all sorts of purchases, both big and small. (Wed, 30 Jan 2008 21:32:34 GMT)

Stocks pull back after Fed rate cut
A still-anxious Wall Street closed lower Wednesday, sacrificing the advance it made after the Federal Reserve cut interest rates half a percentage point. Investors collected profits after nearly three sessions of big gains, unwilling to leave money on the table amid ongoing economic uncertainty. (Wed, 30 Jan 2008 22:34:09 GMT)

Live Music Guide
ALLEY KATZ -- 10 Walnut Alley, 643-2816. Darkest Hours, Cephalic Carnage, Immure, White Chapel and Immortal Avenger, 6 p.m. Thursday, all ages, $15. Black Cash & the Bad Seeds (Johnny Cash tribute) and Flesh Mountain Boys, 10 p.m. Friday, $8. Roots of Creation, Crucial Elements and Moossa, 8 p.m. Saturday, $8 in advance, $10 at door. Cyanotic Revelation, Fighting for Few, Alabama Mudslide ... (Thu, 31 Jan 2008 05:38:44 GMT)

New CEO for Cash Doctors - Australia's Leading Payday Loan Company
As the Head of Corporate Development at MEM Consumer Finance Ltd., the parent company of the UK's leading payday loan providers, Nick Auchincloss radically increased the growth and profitability of the business. Now, taking on the recently appointed role of CEO, he is set to do the same with Cash Doctors. (Thu, 31 Jan 2008 07:01:00 GMT)

Payday lending problematic
There are sound reasons why Congress imposed a 36 percent interest cap on payday lenders who make loans to service members and their families. Those people were vulnerable to exploitation by unscrupulous lenders, some of whom charge 900 percent interest on loans. (Thu, 31 Jan 2008 07:57:11 GMT)

THE TOUGH CUSTOMER- Payday lenders: Beating back rate caps in Richmond
Halfway through the 2008 General Assembly session, it looks like allegedly predatory interest rates on payday and car-title loans will continue to hound Virginians for the foreseeable future, notwithstanding a high-profile battle being waged by both sides. (Thu, 31 Jan 2008 13:28:08 GMT)

IRS Warns of New E-mail and Telephone Scams Using the IRS Name; Advance Payment Scams Starting
The Internal Revenue Service warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue through the end of tax return filing season and beyond. (Thu, 31 Jan 2008 13:44:38 GMT)

pSivida Quarterly Cash Flow - December 31, 2007 Commentary and Highlights
pSivida Limited (NASDAQ:PSDV)(ASX:PSD)(Xetra:PSI): (Thu, 31 Jan 2008 13:57:55 GMT)

Lawmakers may cap high-interest loan rates
SALEM - Jackie Clemens got a $1,000 title loan yesterday. The Lawrence, Mass., resident said her roommate had stolen her rent money and she needed the cash right away. So, without many options, Clemens went to Route 28 in Salem, home to a handful of title and payday lenders. (Thu, 31 Jan 2008 14:52:32 GMT)

MPP aims to end high interest rates charged by payday lenders
Her re-introduction of a Private Member's Bill that would govern payday loans is getting a positive response, said local MPP Cheri DiNovo Tuesday following a press conference she held at Queen's Park.... (Thu, 31 Jan 2008 17:20:53 GMT)

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