Cash Advance News Jul 2008

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State may put limits on short term title loans
New proposed rules targeting payday lenders that are designed to reduce risks for families who take out so-called title loans on their vehicles are set to be filed by the Illinois Financial and Professional Regulation Department today. (Wed, 23 Jul 2008 09:15:17 GMT)

New Fed rules miss one key lending abuse
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice. (Wed, 23 Jul 2008 13:50:49 GMT)

New rules offer greater protection against title loan lenders
Gov. Blagojevich on Wednesday instructed the Department of Financial and Professional Regulation to file new rules to reduce the risks for people who borrow against the value of their car or truck. (Wed, 23 Jul 2008 16:51:18 GMT)

PayDayFinder.com Launches New Blog Section to Accompany Its Free Directory Services
PayDayFinder.com, the national leader for offering payday loan lender information and directions, has just launched its new PayDayFinder Blog with informative articles and helpful advice. [PR.com - July 23, 2008] (Wed, 23 Jul 2008 16:57:41 GMT)

Advance America Announces Results of the Second Quarter
Advance America, Cash Advance Centers, Inc. today reported the results of its operations for the second quarter and six months ended June 30, 2008. (Wed, 23 Jul 2008 20:30:00 GMT)

Cash in House: Advani says show the tape, hold probe
Twenty-four hours after three BJP MPs stunned the nation by waving bundles of cash in the Lok Sabha to allege they were being bribed by the Samajwadi Party... (Wed, 23 Jul 2008 22:25:00 GMT)

Deutsche Post May Climb as 2nd-Quarter Operating Profit Rises
July 24 (Bloomberg) -- Deutsche Post AG , Europe's biggest mail carrier, may advance after the company said second-quarter profit before interest and taxes climbed 18 percent as all divisions reached or exceeded year-earlier results. (Thu, 24 Jul 2008 00:40:26 GMT)

Stimulus checks hurt Advance America
Advance America, Cash Advance Centers reported that second-quarter net income fell 37 percent, in part because the government stimulus checks cut into its payday-lending business. Net income fell to $9.3 million, or 14 cents a share, versus $14.8 million, or 19 cents a share, a year earlier, the Spartanburg company reported Wednesday. Revenue fell 7 percent to $162.1 million, in part because the ... (Thu, 24 Jul 2008 04:16:27 GMT)

Council approves ordinance affecting lenders
The Granite City Council at its meeting Tuesday passed an ordinance licensing and regulating lenders of payday loans. (Thu, 24 Jul 2008 05:54:30 GMT)

ST. ANN: City caps number of payday loan companies
Now there are six, but at some point there will be no more than three high-interest, short-term loan companies operating in St. Ann. (Thu, 24 Jul 2008 06:08:54 GMT)

Cash America to Appoint Timothy Ho As President of Its Internet Services Division
FORT WORTH, Texas----Cash America International, Inc. announced today that Timothy S. Ho will become President of the Company’s Internet Services Division effective October 1, 2008. (Thu, 24 Jul 2008 11:17:00 GMT)

Cash America Announces 52% Increase in Second Quarter Net Income and Declares Dividend
Cash America International, Inc. (NYSE: CSH) reported that its 2008 second quarter net income increased 52% to $20,137,000 from $13,209,000 for the same period in 2007. The related earnings per share for the second quarter ended June 30, 2008 were up 56% to 67 cents per share compared to 43 cents per share for the same three months in 2007. These results exceeded the upwardly revised range of ... (Thu, 24 Jul 2008 11:43:56 GMT)

Cash America to Appoint Timothy Ho As President of Its Internet Services Division
Cash America International, Inc. (NYSE: CSH) announced today that Timothy S. Ho will become President of the Company's Internet Services Division effective October 1, 2008. Mr. Ho currently serves as the Senior Vice President-Strategic Development of the Internet Services Division. Albert Goldstein, the current President of the Company's Internet Services Division and Alexander Goldstein, the ... (Thu, 24 Jul 2008 11:44:16 GMT)

Limits on title loans called a 'good start'
State officials moved Wednesday to close a loophole that has allowed title loan companies to dodge consumer protection rules the state implemented seven years ago. (Thu, 24 Jul 2008 12:51:05 GMT)

Cash America 2nd-quarter profit jumps 52 percent
Cash America International Inc. said Thursday its second-quarter profit jumped 52 percent to top Wall Street expectations, as the pawnshop operator benefited from increased pawn loans and merchandise sales. (Thu, 24 Jul 2008 13:59:10 GMT)

Cash America raises full-year earnings outlook
Pawnshop operator and cash advance provider Cash America International Inc. on Thursday raised its full-year earnings guidance based on strong results for the first half of the year and expectations for continued demand for its loan products. (Thu, 24 Jul 2008 14:18:51 GMT)

AMR, UAL, Delta Provide Investors `Relief' on Cash (Update1)
July 24 (Bloomberg) -- United Airlines and Continental Airlines Inc. , reaping cash by selling frequent-flier miles to credit-card companies, may be easing investor concern that the industry lacks the reserves to weather losses lasting into 2009. (Thu, 24 Jul 2008 16:21:06 GMT)

Cash America profits up 56 percent
Cash America’s second quarter demonstrates that when the general economy suffers, it can be boom times for the pawn industry. (Thu, 24 Jul 2008 16:56:29 GMT)

AMR, UAL, Delta Provide Investors `Relief' on Cash (Update2)
July 24 (Bloomberg) -- United Airlines and Continental Airlines Inc. , reaping cash by selling frequent-flier miles to credit-card companies, may be easing investor concern that the industry lacks the reserves to weather losses lasting into 2009. (Thu, 24 Jul 2008 18:21:32 GMT)

PayDayFinder.com Launches New Blog Section to Accompany Its Free Directory Services
PayDayFinder.com, the national leader in payday loan lender information and directions, launches its new PayDayFinder blog with informative articles and helpful advice (Thu, 24 Jul 2008 18:55:00 GMT)

RTI activists seek probe into cash-for-vote 'sting' tapes
RTI activists hope to use public pressure to demand an independent inquiry into the cash-for-votes scandal. (Thu, 24 Jul 2008 19:03:04 GMT)

Council approves ordinance affecting lenders
The Granite City Council at its meeting Tuesday passed an ordinance licensing and regulating lenders of payday loans. (Fri, 25 Jul 2008 05:54:09 GMT)

Your Opinion
A recent letter published in The Progress-Index People’s Forum defined payday lending as “dangerous to your financial health and well-being,” and contended that lenders use collectors that “play rough.” (Fri, 25 Jul 2008 08:35:10 GMT)

Payday lenders fill crucial niche
I'd like to respond to Eric J. Law's Alabama Voices column headlined 'Exploitation Around Us' by setting the record straight about the payday lending industry. (Fri, 25 Jul 2008 09:21:26 GMT)

RapidAdvance Partners With Humboldt Merchant Services to Bring Financial Solutions to Small Businesses
RapidAdvance, LLC, founded by Ernst & Young Entrepreneur of the Year Lee Jundanian, has partnered with Humboldt Merchant Services to provide its customers with a merchant cash advance solution. (Fri, 25 Jul 2008 14:56:00 GMT)

Mattoon school board OKs property tax 'advance'
MATTOON — Mattoon school district officials are “hopeful” they won’t need all of a $6 million property tax advance the board approved Friday. (Fri, 25 Jul 2008 18:12:38 GMT)

Credit Unions Slowly Fill Void As Payday Lenders Leave D.C.
Stephanie Vann used to rely on payday loans to cover her rent and summer camp for her three children. She felt ashamed and kept her finances secret. But the short-term, high-interest loans seemed to be her only option. (Sat, 26 Jul 2008 02:50:18 GMT)

Mattoon school board OKs advance on taxes due
MATTOON — School district officials are hopeful they won’t need all of a $6 million property tax “advance” that the board approved Friday. (Sat, 26 Jul 2008 03:13:59 GMT)

Call for action on payday loans
Debt advice groups call for action to be taken over payday loans that charge borrowers extremely high rates of interest. (Sat, 26 Jul 2008 05:11:41 GMT)

Council approves ordinance affecting lenders
The Granite City Council at its meeting Tuesday passed an ordinance licensing and regulating lenders of payday loans. (Sat, 26 Jul 2008 05:53:59 GMT)

Witness: Police 'Incompetent' In Cash Seizure
An expert witness has told jurors in a civil suit that the seizure of $5,200 from an African-American minister by South Burlington police did not constitute "competent" police work. (Sat, 26 Jul 2008 14:36:31 GMT)

Speaker orders inquiry into cash-for-vote scam
A seven-member committee of Lok Sabha MPs was constituted on Saturday to go into allegations of bribery levelled by three BJP MPs for securing their support in the confidence vote. The committee to be headed by senior Congress member V Kishore Chandra Deo was set up by Speaker Somnath Chatterjee who was petitioned on Friday by the three BJP MPs -- Ashok Argal, Fagan Singh Kulaste and Mahesh ... (Sat, 26 Jul 2008 15:08:05 GMT)

Cash, lies & videotapes
Lok Sabha Speaker Somnath Chatterjee, and a top aide have got unusual deliveries in their offices: five secret videotapes and heaps of cash. The videotapes, at the heart of India’s most serious bribes-for-votes allegations in 15 years, were delivered to Chatterjee’s office on Wednesday. (Sat, 26 Jul 2008 17:20:45 GMT)

7-member panel to probe cash-for-vote
Lok Sabha Speaker Somnath Chatterjee has set up a seven-member panel headed by senior Congress MP V Kishore Chandra Deo to probe the allegations levelled by three BJP MPs. (Sat, 26 Jul 2008 22:02:50 GMT)

7-member panel to probe cash-for-vote 27 Jul 2008, 0311 hrs IST,TNN
NEW DELHI: Lok Sabha Speaker Somnath Chatterjee has set up a seven-member panel headed by senior Congress MP V Kishore Chandra Deo to probe the allegations levelled by three BJP MPs that they were offered a bribe and paid an "advance" amount for Rs 1 crore to vote in favour of the Manmohan Singh government. (Sat, 26 Jul 2008 23:10:36 GMT)

Six heritage trails eyed for Civil War anniversary
They had no choice. When Union soldiers swept through, the freed slaves fell in behind. The former servants and field hands needed to eat, and they feared the Confederate cavalry trailing the Northerners. Then they came to Ebenezer Creek, soldier and freedman alike. A Union general with the unlikely name of Jefferson C. Davis ordered his troops to build a pontoon bridge so the army could advance ... (Sun, 27 Jul 2008 02:04:08 GMT)

Reunion calendar
Send reunions at least three weeks in advance to Robin D. Payne by fax at 313-222-5985, by e-mail to events@freepress.com or by mail to Detroit Free Press, 615 W. Lafayette, Detroit 48226. For complete listings, go to www.freep.com/reunions. Dearborn Fordson: (Sun, 27 Jul 2008 07:22:04 GMT)

State organization lays out principles on wide-ranging issues
MILES CITY - After hours of debate, Democrats adopted a wide-ranging platform Saturday, although the party chairman said that candidates will pick and choose what they want from the document. (Sun, 27 Jul 2008 11:10:52 GMT)

Niagara County events
Following is Niagara Sunday's weekly listing of upcoming public events held around Niagara County. If you would like your event included, send the information two weeks in advance to: Niagara Community Calendar, c/o The Buffalo News, 8353 Niagara Falls Blvd., Niagara Falls, NY 14304, fax to: 283-1691 or e-mail to: niagaranews@buffnews.com . Today (Sun, 27 Jul 2008 12:39:36 GMT)

Doughnut shop employee flees two would-be robbers
BRAMPTON - A local doughnut shop employee ran to safety when two men walked in, demanded cash and said they had a gun, Peel police report. The 25-year-old woman was working at Country Style Donuts on Advance Boulevard when the men approached her at 10:44 p.m. Wednesday. (Sun, 27 Jul 2008 16:18:31 GMT)

Special-interest lobbies pour cash into judicial races
Sixty-six percent of Americans can name at least one judge on the popular TV show " American Idol," while only 15 percent can identify John Roberts as Chief Justice of the Supreme Court. That's according to a poll showing Americans are largely clueless when it comes to knowledge of the nation's judicial system. (Mon, 28 Jul 2008 00:08:00 GMT)

Netspend to work with payday lender
Financial NetSpend Corp., which provides prepaid card services, has agreed with payday lender QC Financial www.qcholdings.com on a prepaid debit card program. (Mon, 28 Jul 2008 06:58:05 GMT)

European Stocks Decline, Led by Ryanair; U.S. Futures Advance
July 28 (Bloomberg) -- European stocks fell on concern credit losses and the economic slowdown will hurt earnings. U.S. index futures and most Asian shares rose. (Mon, 28 Jul 2008 07:44:14 GMT)

Alliance Resource Partners, L.P. Increases Quarterly Cash Distribution by 12.8% to $0.66 Per Unit; Reports Solid ...
TULSA, Okla.----Alliance Resource Partners, L.P. today announced that the Board of Directors of its managing general partner declared a quarterly cash distribution for the quarter ended June 30, 2008 of $0.66 per unit , payable on August 14, 2008 to all unitholders of record as of the close of trading on August 7, 2008. (Mon, 28 Jul 2008 10:00:00 GMT)

Research and Markets: Cash Handling Equipment (UK) - Portfolio Analysis: A Comprehensive Evaluation of the UK Market
DUBLIN, Ireland----Research and Markets has announced the addition of the "Cash Handling Equipment - Portfolio Analysis" report to their offering. (Mon, 28 Jul 2008 14:05:00 GMT)

Churches guide flock out of debt
As we continue to take a look at the subject of financial responsibility, are there lessons that can be learned from the religious community? (Mon, 28 Jul 2008 14:37:26 GMT)

'Why is cash-for-vote tape not being telecast?'
New Delhi, July 28 : Nearly a week after the MPs' bribery scandal rocked parliament on the day of the trust vote, there is a growing demand that the tape of the TV sting into the cash-for-vote scam be made public as well as scepticism about the news channel's motive in not broadcasting it. (Mon, 28 Jul 2008 15:44:59 GMT)

CL Verify and TranDotCom Forge Strategic Partnership and Marketing Agreement
CL Verify and TranDotCom today announced the renewal of their strategic partnership that will allow both companies to offer unparalleled integrated service solutions to the payday loan industry. (Mon, 28 Jul 2008 16:30:00 GMT)

Verizon Reports Double-Digit Earnings Growth, Strong Operating Cash Flows, Sales Gains in All Key Areas in 2Q
NEW YORK, July 28 /PRNewswire/ -- 2Q 2008 HIGHLIGHTS Consolidated Results -- 66 cents in diluted EPS and 67 cents in adjusted EPS (non-GAAP), compared with 2Q 2007 diluted EPS of 58 cents both on a reported and adjusted basis. (Mon, 28 Jul 2008 16:56:52 GMT)

Payday loan practices will extend to out-of-state companies
Any company that makes payday loans or other consumer loan transactions with customers in Pennsylvania, but has a physical address outside Pennsylvania, will be subject to state lending rules by early next year, the Department of Banking said today. (Mon, 28 Jul 2008 19:57:38 GMT)

Short-Term Loans Can Mean Lasting Trouble
Payday advance loans might seem like a simple solution for a little extra cash, but as Armen Keteyian reports, a short-term loan can lead to long-term problems for those who need help most. (Tue, 29 Jul 2008 00:30:04 GMT)

'No reason retail rents can't be paid monthly'
RETAILERS, trying to cope with dwindling sales and seeing cash-flow warning lights, are urging landlords to call a halt to seeking the quarterly payment of rents in advance – (Tue, 29 Jul 2008 00:39:37 GMT)

Business news briefs
Internet and out-of-state companies that market payday loans to Pennsylvanians will need to be licensed by the state by Feb. 1 the Department of Banking announced yesterday. ... (Tue, 29 Jul 2008 04:21:25 GMT)

Arcata cash advance store robbed by man
Category: Local News Topics: Crime A man reportedly robbed a clerk at gunpoint at an Arcata cash-advance business Monday morning and fled with an undisclosed amount of money, the Arcata Police Department stated. (Tue, 29 Jul 2008 07:30:01 GMT)

Advance fee check scam targets students, stay-at-home parents
Renee Smith doesn't know why she received a $4,995 check out of the blue. She's just happy she had the good sense to question it when she did. (Tue, 29 Jul 2008 08:16:07 GMT)

US elections 2008: US special interest groups pour funds into state court elections
The lobbies allegedly intend to help elect justices who will advance or protect their financial interests (Tue, 29 Jul 2008 16:21:15 GMT)

More Local News
Category: Local News Topics: Teaser Arcata murder suspect may sit in Oregon jail Transfer of PALCO assets mired in legal wrangling Ex-wife’s testimony will be heard Hell’s Half Complex containment looms Arcata cash advance store robbed by man HSU senior critically injured after apparent accident (Tue, 29 Jul 2008 18:43:41 GMT)

Understanding cash advances
MARQUETTE -- Payday loan companies have been in existence for about fifteen years and sometimes there is a stigma attached to their business. But many people definitely feel a need for small, short-term advances that most banks don't offer, particularly to those with bad or no credit. (Tue, 29 Jul 2008 20:04:15 GMT)

U.S. Stocks Rally on U.S. Steel Earnings, Decrease in Oil Price
July 29 (Bloomberg) -- U.S. stocks rallied, erasing yesterday's tumble, sparked by the biggest advance in U.S. Steel Corp. in seven years and falling oil prices. (Tue, 29 Jul 2008 20:51:02 GMT)

Advance man arrested on several drug charges
BLOOMFIELD, Mo. — An Advance, Mo., man is in the Stoddard County Jail today on a $150,000 cash-only bond following his arrest over the weekend for a number of drug charges. (Wed, 30 Jul 2008 03:06:08 GMT)

CFTC committee weighs options to fix lack of agricultural price convergence
WASHINGTON (MarketWatch) -- The Commodity Futures Trading Commission's Agricultural Advisory Committee Tuesday weighed a host of proposals to address the lack of convergence between agriculture commodity futures and cash prices. CFTC Commissioner Michael Dunn, who chaired the meeting, said the problem is dire and a solution is needed urgently. "The lack of convergence between the future and cash ... (Wed, 30 Jul 2008 04:36:17 GMT)

Cash-for-vote: LS panel begins probe
A committee formed by Speaker Somnath Chatterjee to investigate cash-for-vote scandal met to lay down procedures and modalities for the proceedings. (Wed, 30 Jul 2008 08:17:18 GMT)

Cash-for-vote: Lok Sabha panel begins probe 30 Jul 2008, 1323 hrs IST,IANS
NEW DELHI: The seven-member Lok Sabha committee formed to probe the allegations by three BJP MPs that they had been bribed to abstain in the July 22 trust vote began its first meeting Wednesday amid demands from the opposition that the panel be made more representative. (Wed, 30 Jul 2008 08:40:27 GMT)

Lok Sabha panel begins probe into cash for vote scandal
New Delhi, July 30 : The seven-member Lok Sabha committee formed to probe the allegations by three BJP MPs that they had been bribed to abstain in the July 22 trust vote began its first meeting Wednesday amid demands from the opposition that the panel be made more representative. (Wed, 30 Jul 2008 09:01:31 GMT)

LS committee set up to look into 'cash-for-vote' scam to meet today
New Delhi, July 30 : The seven-member Lok Sabha committee set up by Speaker Somnath Chatterjee to look into the 'cash-for-vote' scandal will hold its first meeting inside the parliament premises today. (Wed, 30 Jul 2008 09:13:22 GMT)

Cash-for-vote: Lok Sabha panel begins probe
A committee formed by the Speaker to probe the allegations by three BJP MPs that they had been bribed to abstain in trust vote began its first meeting today. (Wed, 30 Jul 2008 09:17:18 GMT)

Video Gamers to Compete for Cash and Prizes at H3GameLine.com
H3 Enterprises, Inc. ("H3" or the "Company"), the world's first publicly traded Hip-Hop company, has officially signed a joint venture agreement with GamerSaloon.com to create the world's largest pay-to-play video gaming site coined H3GameLine.com. (Wed, 30 Jul 2008 12:05:00 GMT)

Interest rates to be capped
PAYDAY lenders are to be banned from hitting customers with huge interest rates in a Queensland Government crackdown on loan sharks. (Wed, 30 Jul 2008 14:00:00 GMT)

Rent-a-Center Down to Fair Value
Our target price of $22.50 is 9.5x our 2009 EPS estimate, which is in line with the company's long-term earnings growth rate. (Wed, 30 Jul 2008 15:04:20 GMT)

Cash in hand; hole in pocket
Arkansas AG cracks down on payday lenders By Adam Franks Reporter Payday lending could be a vanishing enterprise in the Natural State. (Wed, 30 Jul 2008 16:29:34 GMT)

Stocks pare gains as oil prices step up advance
Stocks gave up their biggest gains but still mostly advanced Wednesday after an upbeat employment report from payroll company ADP made investors cautiously optimistic about the government's upcoming July employment report. (Wed, 30 Jul 2008 17:32:02 GMT)

Probe into cash-for-vote scandal begins 31 Jul 2008, 0228 hrs IST,TNN
NEW DELHI: As the committee of Lok Sabha on Wednesday began its investigation into the cash-for-vote scam, its first tentative finding seemed to undercut Congress's assertion that the entire amount allegedly offered to three BJP MPs as advance of Rs 9 crore bribe to switch their votes had been taken out from the Indore branch of a nationalised bank. (Wed, 30 Jul 2008 21:41:26 GMT)

Staff Writer
Cytochroma hopes to advance its three lead products for kidney disease patients, with an infusion of cash from the closing of a C$45 million (US$44 million) Series C financing and C$105 million licensing deal with Japanese drugmaker Mitsubishi Tanabe Pharma Corp. (Thu, 31 Jul 2008 00:03:33 GMT)

(AFX UK Focus) 2008-07-31 04:27 Hong Kong shares firmer on Wall Street's advance - UPDATE
HONG KONG (Thomson Financial) - Hong Kong shares were firmer on Thursday, with Wall Street's extended gains overnight on positive economic news boosting interest in certain blue chips. (Thu, 31 Jul 2008 03:37:20 GMT)

BANKING: Changes target payday loans
Any company that makes payday loans and other consumer loan transactions in Pennsylvania, but has a physical address outside Pennsylvania, will be subject to state lending rules by early next year. (Thu, 31 Jul 2008 03:58:09 GMT)

Bristol-Myers Squibb Proposes to Acquire ImClone Systems for $60.00 Per Share in Cash
NEW YORK----Bristol-Myers Squibb Company today announced that it has proposed to enter into an agreement to acquire ImClone Systems Incorporated , a global leader in the development and commercialization of novel antibodies to treat cancer, for $60.00 per share in cash, or a total payment of approximately $4.5 billion, to equity holders of ImClone, other than Bristol-Myers Squibb. (Thu, 31 Jul 2008 11:59:00 GMT)

N.S. regulator caps fees on payday loans
The Nova Scotia Utility and Review Board has set limits on how much payday loan companies can charge their customers in interest and fees. (Thu, 31 Jul 2008 13:41:50 GMT)

N.S. regulator sets payday loan charge maximum at $31 for every $100 borrowed
Nova Scotia's Utility and Review Board has set a limit on what payday loan companies can charge - $31 dollars on $100, inclusive of all expenses including interest. (Thu, 31 Jul 2008 14:15:59 GMT)

Nova Scotia Rate Cap on Payday Loans will Protect Consumers
Today's decision by the Nova Scotia Utility and Review Board to cap the rates on payday loans will ensure a competitive lending industry which will protect consumers, said Canadian Payday Loan Association President Stan Keyes. (Thu, 31 Jul 2008 14:51:00 GMT)

Advance Publications will sell Newark Star-Ledger unless 26 percent of staff accept buyouts
NEW YORK - Advance Publications Inc. will sell The Star-Ledger of Newark unless 26 percent of staff accept buyouts by October, the company told employees in a letter Thursday. (Thu, 31 Jul 2008 16:01:40 GMT)

Bristol-Myers offering $4.5 billion for ImClone
The drugmaker, Bristol-Myers Squibb Co., on Thursday offered $4.5 billion in cash for its cancer drug partner, biotechnology company ImClone Systems Inc., saying the two are "a natural fit" and together could reach more patients. (Thu, 31 Jul 2008 16:42:14 GMT)

Arcata man seeks cash advance at gun point
On Monday, July 28, at approximately 10:40 a.m., the Arcata Police Dept. received a report of an armed robbery at the Cash Advance Center at 5000 Valley West Blvd., Arcata. Officers responded and contacted the clerk who advised the business had just been robbed. (Thu, 31 Jul 2008 16:56:03 GMT)

Part II: Payday Loan Investigation
CBS News reported this week that the payday loan industry uses aggressive sales tactics to lure customers into payday loans that can trap borrowers in a revolving cycle of debt. (Thu, 31 Jul 2008 16:58:27 GMT)

Nova Scotia's "market-based" approach to payday regulation sets precedent
The Nova Scotia Utility and Review Board today issued an Order setting the maximum cost of borrowing that may be charged for a payday loan at $31 per $100. (Thu, 31 Jul 2008 16:59:00 GMT)

BJP to boycott CNN-IBN for not airing cash-for-votes sting
The Bharatiya Janata Party (BJP) Thursday declared that it would 'boycott' television channel CNN-IBN and its affiliated channels for not telecasting a sting they had conducted on the cash-for-votes controversy. (Thu, 31 Jul 2008 19:06:10 GMT)

City may block payday lenders
Casa Grande City Council members Mary Kortsen and Ralph Varela believe payday loan businesses prey on the poor - mainly single working mothers and military families - and should be limited by zoning. (Thu, 31 Jul 2008 19:18:29 GMT)

How to Use Online Loan Sites
The Web can be a useful way to borrow money, but there are a lot of pitfalls as well. (Thu, 31 Jul 2008 20:47:34 GMT)

N.S. regulator sets payday loan charge maximum at $31 for every $100 borrowed
HALIFAX (CP) — Nova Scotia’s Utility and Review Board has set a limit on what payday loan companies can charge -- $31 dollars on $100, inclusive of all expenses including interest. (Thu, 31 Jul 2008 21:15:49 GMT)

Bristol-Myers Squibb Proposes to Acquire ImClone Systems for $60.00 Per Share in Cash
Bristol-Myers Squibb Company (NYSE: BMY) today announced that it has proposed to enter into an agreement to acquire ImClone Systems Incorporated (NASDAQ: IMCL), a global leader in the development and commercialization of novel antibodies to treat cancer, for $60.00 per share in cash, or a total payment of approximately $4.5 billion, to equity holders of ImClone, other than Bristol-Myers Squibb. ... (Thu, 31 Jul 2008 22:55:52 GMT)

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