Cash Advance News May 2008

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House lawmakers pass one of toughest caps on payday lending
One of the nation's strictest proposed crackdowns on payday lending cleared the Ohio House Wednesday, backed by Republicans and Democrats who believed the protection of consumers would far outweigh job losses should the industry shut down. (Thu, 01 May 2008 00:09:26 GMT)

Payday-lending bill passes Ohio House
A bill that consumer advocates say would become a national model for payday-lending regulation passed a divided Ohio House today, despite industry warnings that it would drive their 1,600 stores out of business. (Thu, 01 May 2008 01:48:31 GMT)

Australian, N.Z. Dollars Advance on Widening Rate Advantage
May 1 (Bloomberg) -- The Australian dollar rose to near a 24-year high and the New Zealand dollar gained the most in more than a week as the nations' interest-rate advantage over the U.S. widened after the Federal Reserve cut borrowing costs. (Thu, 01 May 2008 03:04:26 GMT)

House bill caps payday loans at 28%
COLUMBUS -- The Ohio House passed legislation capping interest rates and adding other regulations to the payday lending industry -- but not before threatening to include a ban on keno gaming in the state. (Thu, 01 May 2008 03:58:52 GMT)

Up Next
upnext MAYMONT COCKTAIL CLASSIC May 9. Maymont's Dooley Noted Society throws a "Rio de Janeiro Carnival" bash, with signature cocktails at a cash bar, hors d'oeuvres provided by local hot spots, Latin dancing and more, 6:30-10:30 p.m. at Robins Nature & Visitor Center, 2201 Shields Lake Drive. $15 in advance, $20 at door. 358-7166, ext. 310. FRIDAY CHEERS -- May 9. 24th season of the downtown ... (Thu, 01 May 2008 04:16:59 GMT)

Law Would Crackdown On Payday Loan Interest Rates
Some have called the payday loan industry "legalized loan-sharking." (Thu, 01 May 2008 04:24:50 GMT)

Law Would Crackdown On Payday Loan Interest Rates
Some have called the payday loan industry "legalized loan-sharking." On Wednesday the Ohio House of Representatives passed a bill that restricts the amount of interest these business can charge. (Thu, 01 May 2008 04:30:53 GMT)

Bill to crimp payday lenders
The Ohio House passed one of the toughest payday-lending bills in the nation Wednesday despite last-minute political jockeying. (Thu, 01 May 2008 09:35:33 GMT)

Mesa again considers payday loan store locales
Mesa leaders are attempting to once again dictate the location of payday loan stores, which are generously scattered around town and have clustered in groups of four on some corners. (Thu, 01 May 2008 13:39:55 GMT)

Payday Lending Bill Passes Ohio House
After months of hearings and debate, the Ohio House of Representatives has passed new regulations to tighten control on payday lenders. (Thu, 01 May 2008 13:59:17 GMT)

Cash Store Financial to Hold Third Quarter Conference Call May 8th, 2008
The Cash Store Financial Services Inc. today announced that it will hold its management conference call with shareholders, analysts and institutional investors to discuss its third quarter results for the three and nine month period ended March 31st, 2008 on Thursday, May 8th, 2008 at 11:00 a.m. (Thu, 01 May 2008 14:56:00 GMT)

House passes payday lending bill
After months of controversy over three bills in the Ohio House aimed at regulating payday lenders, legislators joined to pass a fourth one in about 24 hours. (Thu, 01 May 2008 15:31:06 GMT)

NewsWatch: U.S. stocks advance as market ponders Fed words
U.S. stocks tilt higher after a choppy start as inventors contend with a mixed stream of economic data and Exxon Mobil Corp.'s nearly $11 billion in earnings, which had the oil giant's per-share profits falling under expectations. (Thu, 01 May 2008 16:23:51 GMT)

MARKET TALK:CME Hogs Tumble On Cash Quotes, Pre-Roll, Stops
1209 EDT [Dow Jones] - CME hogs continued lower on generally bearish cash hog prices and word that packers will cut Saturday's kill because of unprofitable margins. (Thu, 01 May 2008 17:41:32 GMT)

More than $20,000 allegedly stolen
One person has been arrested and another is being sought for allegedly stealing more than $20,000 from First American Cash Advance in Forrest City. Sonya Hastings, 29, of 12 SFC 405, Forrest City, is charged with theft of property over $2,500. (Thu, 01 May 2008 18:56:31 GMT)

Food banks group bows to donor's pressure on payday-lending bill
The Ohio Association of Second Harvest Food Banks withdrew from a fight for tougher payday-loan regulations after being pressured by a national payday company that gave $500,000 to its parent organization. (Fri, 02 May 2008 02:48:31 GMT)

Payday lending interest rates capped
COLUMBUS -- The Ohio House passed legislation capping interest rates and adding other regulations to the payday lending industry -- but not before threatening to include a ban on Keno gaming in the state. (Fri, 02 May 2008 08:23:23 GMT)

London mid-morning: Insurers lead advance
Weak features are few and far between as London follows Wall Street's lead, with insurers spearheading the advance on reports that German insurance group Allianz is sizing up its UK rivals. (Fri, 02 May 2008 10:14:00 GMT)

Food banks quit payday fight
The Ohio Association of Second Harvest Food Banks withdrew from a fight for tougher payday loan regulations after being pressured by a national payday company that gave $500,000 to its parent organization. (Fri, 02 May 2008 10:33:31 GMT)

U.S. Stock Futures Advance on Better-Than-Forecast Jobs Data
May 2 (Bloomberg) -- U.S. stock-index futures extended gains after employers cut fewer jobs than economists had forecast in April, boosting optimism that the labor market will weather an economic slowdown. (Fri, 02 May 2008 12:38:28 GMT)

U.K. Stocks Rally, Led by RBS; Whitbread, Wolseley Advance
May 2 (Bloomberg) -- U.K. stocks climbed for the first time in five days, led by Royal Bank of Scotland Group Plc after the Daily Telegraph reported TPG Inc. may bid for the lender's insurance unit. (Fri, 02 May 2008 13:50:31 GMT)

Nortel Networks, Agrium May Advance on Earnings; RIM May Gain
May 2 (Bloomberg) -- Nortel Networks Corp. may gain, based on bids on the Toronto Stock Exchange, after North America's biggest maker of phone gear reported better-than-expected quarterly revenue and a smaller loss than analysts forecast. (Fri, 02 May 2008 14:03:05 GMT)

U.S. stocks rally on jobs report
Citigroup led financial shares to their highest level since February as the Federal Reserve increased a cash-loan program. (Fri, 02 May 2008 14:06:19 GMT)

U.S. Stocks Rally on Better-Than-Forecast Jobs Data, Fed Loans
May 2 (Bloomberg) -- U.S. stocks rallied, sending the market to its first three-week advance since October, as a better-than-forecast jobs report boosted optimism that employment will weather an economic slowdown. (Fri, 02 May 2008 14:53:08 GMT)

U.S. Stocks Rally on Better-Than-Forecast Jobs Data, Fed Loans
May 2 (Bloomberg) -- U.S. stocks gained, bringing the market to its first three-week advance since October, as a better-than-forecast jobs report boosted optimism that the economy won't get much worse. (Fri, 02 May 2008 15:38:16 GMT)

Stocks give up steep gains (UPDATED: 10:40 a.m.)
NEW YORK (AP) — Wall Street gave up a sharp advance today as enthusiasm over a stronger-than-expected jobs report dissipated and as some investors appeared to cash in recent gains. (Fri, 02 May 2008 15:53:40 GMT)

Canadian Stocks Advance, Led By Research In Motion, Potash
May 2 (Bloomberg) -- Canadian stocks rose the most in two weeks, led by energy and materials producers, as surging crude-oil prices and better-than-expected results from Agrium Inc. (Fri, 02 May 2008 17:48:01 GMT)

Stocks give up steep gains that followed economic figures
By TIM PARADIS NEW YORK (AP) -- Wall Street gave up a sharp advance Friday as enthusiasm over a stronger-than-expected jobs report dissipated and as some investors appeared to cash in recent gains. (Fri, 02 May 2008 19:16:06 GMT)

Fed action brings cash for student loan market
Action taken by the Federal Reserve on Friday targeting the global credit crisis, in concert with European central banks, included an injection of cash into the stricken student loan market through a special lending operation. (Fri, 02 May 2008 21:47:46 GMT)

Arkansas Attorney General Files Lawsuit Against Payday Loan Companies
Arkansas Attorney General Dustin McDaniel has filed four lawsuits against payday lenders that he says are violating the state's constitution by charging high-interest loans. (Fri, 02 May 2008 21:49:16 GMT)

Asia Stocks Advance This Week; Banks, Electronics Lead Rally
May 3 (Bloomberg) -- Asian stocks rose this week, led by banks and consumer electronics makers, on speculation turmoil in global credit markets will ease. (Fri, 02 May 2008 23:15:21 GMT)

Cash Systems, Inc. Announces Receipt of Noncompliance Notices from NASDAQ
LAS VEGAS----Cash Systems, Inc. , a provider of cash access solutions for the gaming industry, today announced that it received a letter from The NASDAQ Stock Market on May 1, 2008 indicating that the Company failed to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450 because the bid price of its common stock closed under $1.00 for the last ... (Sat, 03 May 2008 00:24:00 GMT)

Cash Systems, Inc. Announces Receipt of Noncompliance Notices from NASDAQ
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced that it received a letter from The NASDAQ Stock Market ("NASDAQ") on May 1, 2008 indicating that the Company failed to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5) because the bid price of its common stock closed under ... (Sat, 03 May 2008 00:41:21 GMT)

Attorney General Sues Payday Lenders
LITTLE ROCK - Arkansas Attorney General Dustin McDaniel has filed lawsuits against about 20 payday lenders that he says are violating the state's constitution by charging high-interest loans. (Sat, 03 May 2008 01:44:03 GMT)

Cash Systems, Inc. Announces Receipt of Noncompliance Notices from NASDAQ
Cash Systems, Inc. Announces Receipt of Noncompliance Notices from NASDAQ 03/05/2008 00:24:00 Business Wire Cash Systems, Inc. (Sat, 03 May 2008 04:20:07 GMT)

Fed injects cash into student-loan market
WASHINGTON -- The Federal Reserve yesterday injected cash into the stricken student-loan market through a special lending operation. This was among several actions taken by the Fed, in concert with European central banks, aimed at easing the global credit crisis. Lawmakers and the student-loan industry have been pressing for such action by the central bank for weeks, as distress in the credit ... (Sat, 03 May 2008 04:39:45 GMT)

Some payday-loan foes drop initiative support
PHOENIX — An initiative drive to put the payday-loan industry out of business in Arizona may falter because of a split among supporters. (Sat, 03 May 2008 07:08:04 GMT)

Fed action brings cash for student loan market
WASHINGTON — Action taken by the Federal Reserve on Friday targeting the global credit crisis, in concert with European central banks, included an injection of cash into the stricken student loan market through a special lending operation. (Sat, 03 May 2008 07:12:58 GMT)

Oldtimers baseball banquet on May 21
The annual Sheboygan County Oldtimers Baseball Association banquet will be held Wednesday, May 21 at Klemmes Wagon Wheel in Howards Grove. A social with a cash bar will begin at 5:30 p.m. and the banquet will commence at 7. Members are encouraged to bring a guest. The cost of the meal will be $14 per person in advance and $16 at the door. Free beer and soda will be provided after the banquet. (Sat, 03 May 2008 09:05:35 GMT)

Lender: Payday loan law will harm businesses, customers
NEWARK -- Melissa Lutz has an uneasy feeling she's well on her way to being out of a job. (Sat, 03 May 2008 11:07:32 GMT)

League: Anzac test cash worth fighting for
New Zealand's fight to have Brent Webb and Thomas Leuluai released to play in Friday's Centenary test has significant implications for future mid-season tests. (Sat, 03 May 2008 17:39:33 GMT)

This time it's personal: cash advances hit by the crunch
The Bank of England says it can see light at the end of the tunnel for lending. But that will come as a big surprise to people looking to take out a personal loan. In the past few weeks, says financial analyst Moneyfacts, high-profile lenders have been raising their rates, sometimes by a whole percentage point. (Sat, 03 May 2008 23:17:09 GMT)

Bill puts heat on payday lenders
MULLINS — Kathryn Gales was a 56-year-old widow when she made a series of decisions that left her without a car and hundreds of dollars in debt to payday lenders. “I was stupid,” Gales says, sitting in the living room of her one-bedroom apartment. “I did it on my own, but it was a bad mistake. It just turned into a mess.” Gales’ debts were eliminated after her pastor intervened and a lawyer ... (Sun, 04 May 2008 04:18:18 GMT)

Asian stocks advance on banks, electronics as credit fears ease
Jakarta : Asian stocks rose this week, led by banks and consumer electronics makers, on speculation turmoil in global credit markets will ease. Mitsubishi UFJ Financial Group, Japan’s largest bank by assets, advanced. (Sun, 04 May 2008 05:10:16 GMT)

Armed men rob payday loan business
Two armed, masked men robbed a payday loan business in Ventura just after 10 a.m. Saturday, according to the Ventura Police Department. (Sun, 04 May 2008 07:10:21 GMT)

Insect Biotechnology Loses Chairman and CEO, Needs Some Cash
RESEARCH TRIANGLE PARK — Editor's note: RTP Beat is a regular feature on Thursdays. Founder, Chairman and Chief Executive John Bennett, Ph.D., has resigned from Insect Biotechnology Inc. (IBI), a product development company focused on pesticides and insect repellants. (Sun, 04 May 2008 13:26:51 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. (Sun, 04 May 2008 14:09:55 GMT)

Check store sues city
A Pleasantburg Drive check cashing store has sued the city over a new law that forces dozens of similar title loan, cash advance and payday lending businesses to move out of commercial-zoned areas when their leases expire. (Sun, 04 May 2008 19:48:58 GMT)

Moody’s: Fast lending pace advance, high current deficit - challenges for Romania
The fast lending pace advance, the high current account and the increased foreign debt are the main challenges that Romania confronts with, and the turmoil from the financial markets increased the likelihood as an external shock to induce difficulties over the next 12–18 months, according to Moody’s. (Sun, 04 May 2008 21:42:31 GMT)

Advance Energy Announces 2008 Hedging Program (AVD.AX, 00839063, 20080505)
Advance Energy announced its additional risk management activities. Further hedged oil production volumes of 1,000 Barrels of oil per month have been negotiated. The Company has hedged these volumes for twenty four months beginning 1 June 2008 using various options with a floor price of $95 per barrel and a ceiling of $105 per barrel. The Company has also purchased an additional call option at ... (Sun, 04 May 2008 22:23:00 GMT)

PrepArts briefs for Monday, May 5
Music students to perform Pink Floyd songs SAN MARCOS ---- Students from the Vista branch of the Paul Green School of Rock will perform songs from Pink Floyd's "The Wall" at 7 p.m. May 9 and 2 p.m. May 10 at The Jumping Turtle, 1660 Capalina Road. Tickets are $8 in advance; $10 at the door. All ages welcome. Information: (760) 415-6219, vista@schoolofrock.com. (Mon, 05 May 2008 02:20:44 GMT)

States, churches take aim at payday lenders
MULLINS -- Kathryn Gales was a 56-year-old widow when she made a series of decisions that left her without a car and hundreds of dollars in debt to payday lenders. (Mon, 05 May 2008 04:14:53 GMT)

Check-cashing store sues Greenville
A Pleasantburg Drive check-cashing store has sued the city over a new law that forces dozens of similar title loan, cash advance and payday lending businesses to move out of commercial-zoned areas when their leases expire. (Mon, 05 May 2008 06:04:00 GMT)

`Suckers' Rally' Signaled After S&P 500 April Surge (Update1)
May 5 (Bloomberg) -- The biggest rally in the Standard & Poor's 500 Index in more than four years is luring investors to equities from cash, just as options traders are betting the advance will evaporate. (Mon, 05 May 2008 07:08:08 GMT)

Nigeria: Yobe Changes Mind On Sponsorship to Jerusalem
Christian pilgrims in Yobe state who were hitherto promised sponsorship to Jerusalem were surprised to notice a reversal by governor Maman Ali as the Yobe State Pilgrims Commission has directed the pilgrims from the seventeen local government areas of the state to go and collect the advance payment of N50, 000 they made to the commission. (Mon, 05 May 2008 12:02:32 GMT)

Merchant Cash Advance Info Blog Launched by AdvanceMe
AdvanceMe, Inc., the nation's leading provider of Merchant Cash Advances for small and mid-sized businesses, announced today the launch and creation of its Merchant Cash Advance Info Blog. (Mon, 05 May 2008 13:00:00 GMT)

Family First Federal Credit Union to Help Members Avoid Payday Loan Pitfalls with the Launch of Instacash
Family First Federal Credit Union today launched Instacash, a short-term loan designed to assist members who need cash quickly. Instacash has lower fees and interest rates than other commonly used methods such as PayDay Loans. (Mon, 05 May 2008 14:42:46 GMT)

School gets waterless urinals: Advance Management donates to J.Q. San Miguel
Advance Management Inc. donated and installed four Falcon water-free urinals at J. P. San Miguel Elementary School yesterday. (Mon, 05 May 2008 17:16:12 GMT)

Canada's Dollar Gains Most in Two Weeks as Commodities Advance
May 5 (Bloomberg) -- The Canadian dollar rose the most in two weeks after crude oil surged to a record, bolstering prospects for the nation's exports. (Mon, 05 May 2008 20:17:45 GMT)

Sebi allows cross margining to institutions in cash, derivatives
After margining of institutional trades in the cash market, the Securities and Exchange Board of India (Sebi) has allowed cross margining across cash and derivatives markets. (Mon, 05 May 2008 21:33:10 GMT)

Sebi allows cross margining to institutions in cash, derivatives
After margining of institutional trades in the cash market, the Securities and Exchange Board of India has allowed cross margining across cash and derivatives markets. (Mon, 05 May 2008 21:44:15 GMT)

Ban payday loans? Big mistake.
A high-interest loan is better than a bounced check. (Mon, 05 May 2008 21:59:34 GMT)

Keep out: Pay day loans, massage and tattoo parlors
DARRIN STINEMAN The Salina Planning Commission and the Salina Downtown Inc. board of directors had voted unanimously to recommend that the city require tattoo parlors, pawn shops, payday loan companies and massage parlors to go through a review process before being allowed downtown. (Tue, 06 May 2008 01:38:47 GMT)

China's 'soft power' blitz no major concern: US study
Cash-flush China may be winning allies and displacing American influence by ramping up foreign investments and disbursing aid with no strings attached, but a US congressional study says Washington need not lose sleep over it. (Tue, 06 May 2008 02:18:12 GMT)

Drive to curtail payday loan industry is altered
Phoenix - An initiative drive to put the payday loan industry out of business in Arizona may falter because of a split among supporters. Members of an organization dubbed Stop Payday Predators announced Friday they are no longer backing the initiative. (Tue, 06 May 2008 04:03:37 GMT)

Credit Cash Announces Loans to Large Merchants Based on Future Credit Card Receipts
Credit Cash (http://www.credit-cash.com) provides innovative financing for companies with credit card revenues exceeding $600,000 per year. Our managers have over 100 years of combined finance experience and our programs are customized to meet individual needs. (Tue, 06 May 2008 07:01:00 GMT)

Credit Cash Announces Loans to Large Merchants Based on Future Credit Card Receipts
Credit Cash ( http://www.credit-cash.com ) provides innovative financing for companies with credit card revenues exceeding $600,000 per year. Our managers have over 100 years of combined finance experience and our programs are customized to meet individual needs. (PRWeb May 6, 2008) Read the full story at http://www.prweb.com/releases/merchantcashadvance/creditcardfunding/prweb910084.htm (Tue, 06 May 2008 07:41:23 GMT)

Ban payday loans? Big mistake.
Fed up with politicians incapable of balancing budgets? Well, now state legislatures across the country want to take a crack at balancing your checkbook – whether you like it or not. (Tue, 06 May 2008 08:00:00 GMT)

Businesses not desired downtown
The Salina Planning Commission and the Salina Downtown Inc. board of directors had voted unanimously to recommend that the city require tattoo parlors, pawn shops, payday loan companies and massage parlors to go through a review process before being allowed downtown. (Tue, 06 May 2008 10:24:07 GMT)

Monsanto's Strong Cash Position Allows it to Extend Competitive Lead, Return Value to Shareowners and Farmers
Monsanto Company's strong operating cash position gives it the resources to extend its competitive lead, Monsanto's Chief Financial Officer and Executive Vice President, Terry Crews will tell investors tomorrow. (Tue, 06 May 2008 12:00:00 GMT)

Armed robber hits cash-advance store on Westnedge Avenue
BY REX HALL JR. PORTAGE -- A payday-advance store was robbed at gunpoint Monday in Portage, police said. (Tue, 06 May 2008 15:01:41 GMT)

Hundreds Protest Payday Lending Bill
As lawmakers debate a bill that would cap interest rates for payday lenders, hundreds opposing the bill gather at the Ohio Statehouse. (Tue, 06 May 2008 16:45:34 GMT)

Wall St recovery could be suckers' rally
The biggest rally in the Standard & Poor's 500 Index in more than four years is luring investors to equities from cash, just as options traders are betting the advance will evaporate. (Tue, 06 May 2008 17:06:12 GMT)

Report: Robbery & Possible Shooting at Payday Loan Business
AURORA - Aurora Police responded to a robbery attempt and possible shooting at a Check Into Cash store in Aurora at mid-morning Tuesday. (Tue, 06 May 2008 17:41:26 GMT)

k1031 BC-KS-SalinaCommission- 05-06 0181
SALINA, Kan. (AP) -- Salina City commissioners bar payday loan companies, tattoo parlors, pawn shops, and massage parlors from downtown -- where they all own property or run businesses. (Tue, 06 May 2008 17:46:50 GMT)

2,500 protest at Statehouse against payday-lending restrictions
An estimated 2,500 supporters of the payday-lending industry held a rally today at the Statehouse to urge the Ohio Senate to reject new legislation to regulate the industry. Speakers at the rallysaid such a law would drive 1,600 stores out of business and eliminate more than 6,000 jobs in Ohio. (Tue, 06 May 2008 18:16:30 GMT)

Cash Systems, Inc. to Announce First Quarter 2008 Results on May 12, 2008
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 first quarter 2008 financial results on Monday May 12, 2008 at 5:00 pm ET. (Tue, 06 May 2008 20:01:00 GMT)

Cash Systems, Inc. to Announce First Quarter 2008 Results on May 12, 2008 Business Editors
(AP:LAS VEGAS--) (BUSINESS WIRE) _ May 06, 2008--Cash Systems, Inc. (NASDAQ:CKNN), a provider of cash access solutions for the gaming industry, today announced that it will host a conference call to discuss first quarter 2008 financial results on Monday May 12, 2008 at 5:00 pm ET. A press release with first quarter 2008 financial results will be issued after the market close that same day. (Tue, 06 May 2008 20:44:47 GMT)

Payday lenders are generous to Shurtleff
Utah Attorney General Mark Shurtleff seeks a third four-year term this year, and he's looked to some old friends for much of his campaign fundraising like payday loan operators who charge an average of 500 percent interest annually. (Wed, 07 May 2008 06:33:58 GMT)

Enbridge profit rises, projects advance
Enbridge Inc's first-quarter profit rose more than 10 percent as its base business grew, while it advanced key pipeline projects, Canada's No. 2 pipeline operator said on Wednesday. (Wed, 07 May 2008 12:02:00 GMT)

N.H. House sends payday loan interest rate cap to governor
New Hampshire is poised to cap payday lending, a move the industry says will put it out of business in the state. (Wed, 07 May 2008 16:05:25 GMT)

Legislature cracks down on payday lenders
The House today put the final nail in the coffin of New Hampshire's payday lending industry. Gov. Lynch will sign the bill that effectively closes their doors on January 1. (Wed, 07 May 2008 16:15:18 GMT)

N.H. House Sends Payday Loan Cap To Governor
CONCORD, N.H. -- New Hampshire is poised to cap payday lending, a move the industry said will put it out of business in the state. The House voted Wednesday to send a bill to Gov. John Lynch that sets a 36 percent interest rate cap on all small loans. (Wed, 07 May 2008 16:32:19 GMT)

N.H. House sends payday loan interest rate cap to governor
New Hampshire is poised to cap payday lending, a move the industry says will put it out of business in the state. The House voted Wednesday to send a bill to Gov. John Lynch that sets a 36 percent interest rate cap on all small loans. (Wed, 07 May 2008 18:18:27 GMT)

N.H. House sends payday loan interest rate cap to governor despite industry opposition
Norma Love May 7, 2008 - 2:18 p.m. CONCORD, N.H. (AP) - New Hampshire is poised to cap payday lending, a move the industry says will put it out of business in the state. (Wed, 07 May 2008 18:44:58 GMT)

ARC Energy Trust announces first quarter 2008 results, including record production volumes and cash flow and a 20 per ...
AET.UN and ARX - TSX) ARC Energy Trust announces the results for the first quarter ended March 31, 2008, including record production volumes and cash flow and a 20 per cent increase in distributions. (Wed, 07 May 2008 23:02:00 GMT)

Cash Store Financial releases Third Quarter results; declares dividend on continued positive performance
The Cash Store Financial Services Inc. today announced its results for the three and nine month periods ended March 31, 2008. (Wed, 07 May 2008 23:20:00 GMT)

Hilltoppers edge Central to advance to soccer final
Science Hill’s soccer team finds itself in a familiar position, but won’t be facing its familiar foe. Johnny Campbell and Jay Lauderback each scored in the first 121⁄2 minutes and the Hilltoppers held on for a 2-1 victory in a Distirict 1-AAA semifinal Wednesday night at Steve Spurrier Field. (Thu, 08 May 2008 03:08:47 GMT)

Final step taken to cap interest in payday loan
CONCORD -- The House of Representatives took the final key step needed to adopt a interest rate cap on short-term loans given to consumers. ... - By KEVIN LANDRIGAN Staff Writer (Thu, 08 May 2008 04:13:36 GMT)

Live Music Guide
ALLEY KATZ -- 10 Walnut Alley, 643-2816. Kevin Bedkley, Buck Nasty, Knuckle Puck and Buried Among Us, 5 p.m. Friday, all ages, $7 in advance, $8 at door. Envy Insane, Sematic, Permanent Ascent and Switch 56, 10 p.m. Friday, $10. This Time It's War, A Stained Glass Romance, Every Bridge Burned, The Hottness and Across Five Aprils, 2 p.m. Saturday, $12 in advance, $14 at door. Cadillac Rock Box, ... (Thu, 08 May 2008 04:16:18 GMT)

Ohio considering payday loan interest cap
Following New Hampshire's lead, Ohio is considering capping payday lending loans at 28 percent. If the interest rate is capped, it will cause problems for those who borrow and those who lend. FOX Toledo's Shaun Hegarty reports. (Thu, 08 May 2008 05:24:15 GMT)

Police: Woman robs store in Comstock Twp
Police in Kalamazoo County are on the lookout for a woman who they say robbed an Approved Cash Advance store. (Thu, 08 May 2008 06:19:23 GMT)

Payday loan cap goes to the governor
The New Hampshire House has voted essentially to put the payday loan industry out of business by the end of the year. ... (Thu, 08 May 2008 08:14:09 GMT)

California, Santa Cruz voters still throw cash at primary race
As the presidential candidates ran pricey television ad after pricey TV ad in Indiana and North Carolina in advance of Tuesday's primary, it was California checks they were cashing. (Thu, 08 May 2008 08:52:04 GMT)

Payday lenders fight bill
Like a cornered dog, the payday-lending industry in Ohio is fighting hard for survival in the Ohio legislature. (Thu, 08 May 2008 12:19:31 GMT)

Global Cash Access Announces First Quarter 2008 Financial Results
LAS VEGAS----Global Cash Access Holdings, Inc. today announced preliminary, unaudited financial results for the quarter ended March 31, 2008. (Thu, 08 May 2008 13:00:00 GMT)

Stocks Decline in Europe and Asia; U.S. Index Futures Advance
May 8 (Bloomberg) -- Stocks dropped in Europe and Asia after companies from Toyota Motor Corp. to Munich Re and InBev NV reported profit that missed analysts' estimates, central banks in Europe kept interest rates on hold and oil prices traded near a record. U.S. index futures increased. (Thu, 08 May 2008 13:25:40 GMT)

Global Cash Access earnings fall 78 percent on Arriva charge
Global Cash Access Holdings Inc., which provides ATMs for the gaming industry, said Thursday its first-quarter earnings fell 78 percent due to losses from discontinued operations and a slowdown in the gaming market. (Thu, 08 May 2008 13:47:46 GMT)

Shoppers stick to necessities in April; Wal-Mart sales up
Apparel chains struggled through another dismal month in April as they tried to bring in cash-strapped shoppers, but discounters fared well as consumers hungered for bargains to buy necessities. (Thu, 08 May 2008 16:20:29 GMT)

Payday loan initiative may falter, division among supporters
PHOENIX — An initiative drive to put the payday loan industry out of business in Arizona may falter because of a split among supporters. Members of an organization dubbed “Stop Payday Predators’’ announced Friday they are no longer backing the initiative. (Thu, 08 May 2008 21:20:42 GMT)

Foot buzz: Police probe Steaua's Euro cash 'bonus'
BUCHAREST: Five people were arrested here on Wednesday after police found a suitcase containing E 1 million (RM4.93 million) in cash reportedly put up by Steaua Bucharest in a bid to help them win the title. (Fri, 09 May 2008 00:48:10 GMT)

Australian Dollar Heads for Weekly Advance; New Zealand's Falls
May 9 (Bloomberg) -- The Australian dollar headed for a second weekly gain after the central bank raised its forecast for inflation in a quarterly policy statement today. New Zealand's currency headed for a weekly loss. (Fri, 09 May 2008 03:14:35 GMT)

Payday lending bill is on hold
Credit counselors and others testified for an hour Thursday before a House subcommittee about problems created by payday lending, but a bill to restrict the two-week, high-interest loans will have to wait for a vote. About two weeks. S.C. Rep. Harry Cato, R-Greenville, chairman of the House Commerce Committee, said his banking subcommittee has agreed to consider another bill next week and will ... (Fri, 09 May 2008 04:15:16 GMT)

Super Poll Friday
How will Kimmo Timonen's loss affect the Flyers-Penguins series? 1. The Pens will cash in on the Flyers' misfortune and advance. (Fri, 09 May 2008 08:29:01 GMT)

Windstream Reports Higher Revenue, Cash Flow in First Quarter
LITTLE ROCK, Ark.----Windstream Corporation delivered a strong financial performance in the first quarter, posting higher revenue and operating cash flow. The company also repurchased approximately 8.4 million shares for $100 million during the quarter as part of a $400 million share repurchase plan authorized by the board of directors in February. (Fri, 09 May 2008 11:01:00 GMT)

Stock head for lower open after AIG reveals need for cash
Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system. Oil prices also advanced further into record territory, coming close to $126 and stirring unease about rising inflation. (Fri, 09 May 2008 13:25:40 GMT)

Stocks open lower as AIG reveals need for cash, oil surges
Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. (Fri, 09 May 2008 13:53:08 GMT)

Stocks decline as AIG reveals need for cash, oil surges
NEW YORK -- Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times lost more than 100 points. (Fri, 09 May 2008 15:33:43 GMT)

Stocks decline as AIG reveals need for cash, oil surges
Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system. (Fri, 09 May 2008 15:54:25 GMT)

Stocks decline as AIG reveals need for cash, oil surges
Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times gave up more than 100 points. (Fri, 09 May 2008 16:15:51 GMT)

Stocks Decline as AIG Reveals Need for Cash
Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices (Fri, 09 May 2008 19:14:21 GMT)

Stocks decline as AIG reveals need for cash, oil surges
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. (Fri, 09 May 2008 21:48:12 GMT)

Stocks decline as AIG reveals need for cash, oil surges
NEW YORK -- Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week. (Sat, 10 May 2008 11:22:49 GMT)

Trapped by Web loan with the 842% interest rate
Rochelle Parker needed money for Christmas gifts and medicine, so she went online and found a Web site promising easy money. After a few key punches she was zapped a $300 loan -- but there was a catch. (Sat, 10 May 2008 16:15:57 GMT)

Advertisement starts
U.S. economic weakness, focuses on prepaid services, where customers pay for calls in advance. Representatives for Helio and Virgin Mobile USA declined comment and an SK Telecom spokeswoman was not immediately available for comment. (Sun, 11 May 2008 02:05:08 GMT)

Banks test small-loan program
Bankers are taking a jab at the payday loan industry, with a little help from regulators. Payday lenders say they're not worried. (Sun, 11 May 2008 03:37:26 GMT)

More airlines begin charging for second piece of luggage
Here's advance warning. If you're flying somewhere and checking luggage, be prepared for extra delays. (Sun, 11 May 2008 05:02:31 GMT)

Cutting the Cost of Doing Business
(ARA) - Small business will always be the backbone of the American economy, but some small business owners may feel left out when it comes to technology. It may seem that each new technological advance really only benefits big companies. (Sun, 11 May 2008 11:32:47 GMT)

Cash no longer the king?
MANILA, Philippines--These are portents of things to come: rising costs of oil, steel and other metals, rice, corn, wheat, soybeans. More hyperinflation in the world market! (Sun, 11 May 2008 17:05:17 GMT)

Sponsored By:
NOTICE OF PUBLIC SALE Personal property consisting of clothes, toys, tools, furniture, appliances, and other miscellaneous items will be sold for cash at a public sale on May 17, 2008 at 10:00 AM at the address below to satisfy owner's lien for rent due in accordance with Florida Statutes 83.806 and 83.807. Units are as follows: A-2 Curtis Varnes A-6 bobby Johnson A-19 Carrie Gill A-31 Sheila ... (Sun, 11 May 2008 18:20:58 GMT)

IPL boom has cash tills ringing
The big fat IPL format has made the dull months of April and May boom time in Calcutta. With the shortest form of cricket gaining in popularity, cash tills are ringing all over — hotels, malls, restaurants and retail stores. (Sun, 11 May 2008 21:54:06 GMT)

Stratatel Completes Phoneware Assets Purchase (STE.AX, 00841151, 20080512)
Stratatel announced it has completed the acquisition of the assets of Phoneware Communication Systems (a company specialising in the provision of Telephone Expense Management (TEMS) and Call Accounting and Directory Services (CADS) software) for a consideration of up to $2.5m; comprising $1.8m cash and $300k of shares in the company at settlement, plus up to $400k cash in 12 months, of which ... (Sun, 11 May 2008 23:58:00 GMT)

Tripple-digit interest trapping borrowers
CHICAGO, May 11 (UPI) -- More American are going to payday loan companies to help make ends meet amid rising U.S. gas prices and the subprime mortgage crisis, experts say. (Mon, 12 May 2008 00:08:55 GMT)

Tripple-digit interest trapping borrowers
More American are going to payday loan companies to help make ends meet amid rising U.S. gas prices and the subprime mortgage crisis, experts say.Many middle-class Americans are seeking online payday loans despite their triple-digit interest rates, the Chicago Tribune reported Sunday.It's insane. It is growing like wildfire, said Henry Coffey, a stock analyst based in Baltimore who tracks the ... (Mon, 12 May 2008 01:04:32 GMT)

State Programs Add Safety Net for the Poorest
Arkansas and at least a dozen other states are giving monthly payments to thousands of low-income workers in hopes of keeping their residents off the welfare rolls. (Mon, 12 May 2008 01:56:05 GMT)

State Programs Add Safety Net for the Poorest
Arkansas and at least a dozen other states are giving monthly payments to thousands of low-income workers in hopes of keeping them off the welfare rolls. (Mon, 12 May 2008 03:37:43 GMT)

Report: Mayo took cash, gifts at USC
COLLEGE BASKETBALL (Mon, 12 May 2008 04:17:00 GMT)

Payday loan law loophole swallows borrowers whole
Kirk Donald was stuck in financial quicksand and sinking fast. (Mon, 12 May 2008 04:22:12 GMT)

Report: Mayo received cash, benefits from promoter
A former associate of ex-Southern Cal guard O.J. Mayo claims the basketball star received thousands of dollars in cash and other gifts from an event promoter over the past four years in violation of NCAA rules, ESPN reported Sunday. Louis Johnson told ESPN's Outside the Lines that Rodney Guillory, a Los Angeles-based event promoter, gave Mayo about $30,000 and other benefits while he attended ... (Mon, 12 May 2008 09:45:14 GMT)

Former associate says Mayo got cash, favors
LOS ANGELES – A former associate of USC freshman guard O.J. Mayo claims the basketball star received thousands of dollars in cash and other gifts from an event promoter over the past four years that would violate NCAA rules, ESPN reported Sunday. (Mon, 12 May 2008 10:16:42 GMT)

Report: Mayo took cash, gifts at USC
COLLEGE BASKETBALL (Mon, 12 May 2008 10:34:32 GMT)

Payday loan law loophole swallows borrowers whole
Kirk Donald was stuck in financial quicksand and sinking fast. (Mon, 12 May 2008 11:07:11 GMT)

European Stocks, U.S. Futures Advance; Most Asian Shares Rise
May 12 (Bloomberg) -- Stocks in Europe rose for the first time in three days as an oil discovery in the North Sea and higher copper prices boosted the profit outlook for commodity companies. Most shares in Asia gained and U.S. index futures advanced. (Mon, 12 May 2008 11:48:02 GMT)

Opening Bell: Payday Loan Scams
Not just for the poor anymore; the Dolans and Newsday; will Dems pay for helping home owners?; etc. (Mon, 12 May 2008 12:18:43 GMT)

European Stocks, U.S. Futures Advance; Most Asian Shares Rise
May 12 (Bloomberg) -- Stocks in Europe rose for the first time in three days as an oil discovery in the North Sea and higher copper prices boosted the profit outlook for commodity companies. Most shares in Asia and U.S. index futures advanced. (Mon, 12 May 2008 12:58:36 GMT)

European Stocks, U.S. Futures Advance; Most Asian Shares Rise
May 12 (Bloomberg) -- Stocks in Europe rose for the first time in three days as an oil discovery in the North Sea and higher copper prices boosted the profit outlook for commodity companies. Most shares in Asia and U.S. index futures advanced. (Mon, 12 May 2008 13:03:02 GMT)

Emerging-Market Bonds Advance as Gains in Stocks Spur Demand
May 12 (Bloomberg) -- Emerging-market bonds rose, led by Argentine debt, as global stocks gains rekindled investor demand for higher-yielding assets. The extra yield investors demand to own Argentine dollar bonds rather than Treasuries narrowed 7 basis points, or 0.07 percentage point, to 5.66 percentage points at 9:23 a.m. in New York, according to JPMorgan Chase & Co.'s EMBI Plus index. (Mon, 12 May 2008 14:15:01 GMT)

Payday loans in Ohio
Legislation is pending that would change the way these loans are made. (Mon, 12 May 2008 14:44:05 GMT)

U.S. Stocks Rise as Oil Drops; Wal-Mart Stores, MBIA Advance
May 12 (Bloomberg) -- U.S. stocks gained, rebounding from the first weekly drop in a month, as a retreat in oil prices boosted consumer shares and the world's largest bond insurer said it has enough cash to cover the securities it guarantees. (Mon, 12 May 2008 14:58:10 GMT)

European Stocks Advance, Led by DSG; Dana, Telecom Italia Rise
May 12 (Bloomberg) -- European stocks advanced for the first time in three days as takeover speculation lifted shares of U.K. retailers, while an oil discovery in the North Sea boosted the profit outlook for energy companies. (Mon, 12 May 2008 15:48:02 GMT)

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