Cash Advance News Aug 2008

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New Jersey's biggest newspaper may be sold
NEWARK, N.J., July 31 (UPI) -- Advance Publications, owned by the Newhouse family, announced Thursday it will sell New Jersey's largest newspaper unless 200 employees take buyouts. (Fri, 01 Aug 2008 02:35:33 GMT)

BJP to boycott CNN-IBN for not airing cash-for-votes sting
New Delhi, July 31 : 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. (Fri, 01 Aug 2008 04:31:21 GMT)

Indian cash rates down on reporting day, low demand
MUMBAI, Aug 1 (Reuters) - Indian cash rates stayed below 7 percent on Friday on lower demand for funds on the reporting day, as banks had already made arrangements to fund their reserve requirements in advance. (Fri, 01 Aug 2008 07:07:16 GMT)

Northgate Generates Cash Flow from Operations of $41 million in the Second Quarter
All figures in US dollars except where noted) - Northgate Minerals Corporation today reported cash flow from operations of $40,859,000 or $0.16 per diluted common share for the second quarter of 2008. (Fri, 01 Aug 2008 10:00:00 GMT)

Johnny Cash: The Man, His World, His Music
From Walk the Line, we know that the late Johnny Cash took a lot of drugs, then quit taking a lot of drugs. This must-see 1969 documentary by filmmaker Robert Elfstrom, a cinematographer who shot Brian De Palma's early feature Hi, Mom! (and went on to make the fascinating 1970 time capsule The Nashv... (Fri, 01 Aug 2008 10:49:02 GMT)

Critics say limits for payday loans offer little benefit
The Nova Scotia Utility and Review Board yesterday set limits on how much payday-loan companies can charge customers in interest and fees, but critics doubt customers will benefit. The maximum cost of borrowing for the stop-gap loans provided by companies like the Cash Store and Money Mart is now $31 per $100, with a limit of $40 in case of default. Nova Scotia is the second province to use ... (Fri, 01 Aug 2008 15:42:59 GMT)

Rates fall again in advance of further cut
KiwiBank has followed other banks in reducing mortgage interest rates, despite saying earlier that its rate had already priced in last week's cut in the official cash rate. (Fri, 01 Aug 2008 17:09:39 GMT)

Robber holds up payday loan stores in Ozark and Springfield
The robberies were about a half hour apart on Friday afternoon. (Fri, 01 Aug 2008 21:06:40 GMT)

New rate for payday loans not a done deal
TRURO — Payday loan customers rejoicing over a proposed rate cap will have to wait at least a few more months before they can celebrate in earnest. (Sat, 02 Aug 2008 02:40:35 GMT)

Payday loan firms looked at by watchdog
The competition watchdog is looking into companies offering expensive loans to tide people over until they are paid to ensure they are lending responsibly. The Office of Fair Trading said it was examining so-called payday loans as part of a wider project it was carrying out on responsible lending. (01/08/2008 21:16:20) (Sat, 02 Aug 2008 07:12:45 GMT)

City set to limit where payday lenders can open
Plan would keep new, existing businesses at least a half-mile apart Columbia officials are working to impose tougher restrictions on where payday lenders can locate, a move designed to keep new businesses from clustering in poor communities. A majority of City Council members say they support a proposed ordinance that would prohibit future payday lenders from opening within a half-mile of ... (Sun, 03 Aug 2008 04:14:43 GMT)

Special interests pour millions into judicial races
Special-interest lobbies are pouring unprecedented millions of dollars into these formerly obscure races, with the intent of electing justices who will advance or protect their financial interests. (Sun, 03 Aug 2008 05:56:08 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. (Sun, 03 Aug 2008 07:22:57 GMT)

Bus routes save locals cash, gas
When Nancy Blackwell, 66, of Shenandoah, turned 64 she decided public transportation was a good way to save gas money and get out of the house, but she didn’t know how to navigate the Schuylkill Transportation System. (Sun, 03 Aug 2008 08:45:08 GMT)

Payday protection
New state law sets low limits on interest rates Consumer advocates hailed the state Banking Department's policy shift last week to license online payday lending, saying it would sound the death knell for the industry in Pennsylvania. (Sun, 03 Aug 2008 09:51:00 GMT)

BJP offers new 'evidence' in cash-for-vote scam
The Bharatiya Janata Party (BJP) Sunday offered fresh 'documentary evidence' to back up its charge that three of its MPS were bribed to save the Manmohan Singh government during the trust vote last month. (Sun, 03 Aug 2008 14:49:50 GMT)

How to Shop Around for the One Purchase Everyone Must Make
(ARA) - The origin of money may be lost to antiquity, but it's a pretty sure bet that shortly after someone invented cash, someone else came up with the idea of shopping around to get the best deal for their money. (Sun, 03 Aug 2008 15:25:35 GMT)

BJP offers new 'evidence' in cash-for-vote scam
New Delhi, Aug 3: The Bharatiya Janata Party (BJP) Sunday offered fresh 'documentary evidence' to back up its charge that three of its MPS were bribed to save the Manmohan Singh government during the trust vote last month. (Sun, 03 Aug 2008 17:02:15 GMT)

Olympic Protesters Required To Apply First
BEIJING -- The Olympics security chief said protesters who want to speak out against the Beijing Games are required to apply five days in advance, and not harm "national interests." (Sun, 03 Aug 2008 17:30:22 GMT)

‘Cash-for-vote’ scandal: BJP offers new evidence
NEW DELHI - The Bharatiya Janata Party (BJP) on Sunday offered fresh ‘documentary evidence’ to back up its charge that three of its MPs were bribed to save the Manmohan Singh government during the trust vote last month. (Sun, 03 Aug 2008 20:26:53 GMT)

Payday Loans For Everyone As Payday Power Launches For UK Residents
Cash advances or payday loans have become increasingly popular in these times of financial turmoil as more and more UK residents require instant cash advances to help tide them over until next payday. Newly launched, Payday Power is here to help… (Mon, 04 Aug 2008 07:01:00 GMT)

European Stocks Advance, Led by Shell, BP; Asian Shares Fall
Aug. 4 (Bloomberg) -- European stocks advanced, erasing an earlier decline, as oil's second straight gain lifted energy producers and overshadowed lower earnings from Bulgari SpA . Nissan Motor Co. (Mon, 04 Aug 2008 08:29:08 GMT)

European Stocks Advance, Led by Shell, BP; Asian Shares Fall
Aug. 4 (Bloomberg) -- European stocks advanced, erasing an earlier decline, as oil's second straight gain lifted energy producers and HSBC Holdings Plc's earnings beat analysts' estimates. (Mon, 04 Aug 2008 09:08:01 GMT)

Lok Sabha panel views CDs on cash-for-votes scam
New Delhi, Aug 4 : A seven-member Lok Sabha panel, constituted to look into three Bharatiya Janata Party (BJP) MPs' allegation that they were bribed to abstain during the July 22 trust vote, Monday viewed audio and video tapes of a TV channel's sting operation that allegedly filmed the bribery negotiations. (Mon, 04 Aug 2008 13:43:58 GMT)

Lok Sabha panel views CDs on cash-for-votes scam
A seven-member Lok Sabha panel, constituted to look into three BJP MPs' allegation that they were bribed to abstain during the July 22 trust vote. (Mon, 04 Aug 2008 13:58:35 GMT)

20 Entrepreneurs Advance in Forbes.com's "Boost Your Business" Contest
Twenty gutsy entrepreneurs out of nearly 1,500 entrants have advanced to the second stage of Forbes.com's $100,000 "Boost Your Business" editorial contest, sponsored by HP. (Mon, 04 Aug 2008 14:55:13 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. (Mon, 04 Aug 2008 15:02:47 GMT)

New CD shows BJP, former SP man behind cash-for-votes scam (Lead)
New Delhi, Aug 4 : In yet another twist to the cash-for-votes scam, three allies of the ruling Congress Monday released a fresh CD purportedly showing that the Bharatiya Janata Party (BJP) with the help of a former Samajwadi Party worker had 'stage-managed' the incident ahead of the July 22 trust vote. (Mon, 04 Aug 2008 15:14:26 GMT)

Yearlong investigation nets 38 for “payday loan” fraud
Fort Bend County investigators and their helpers statewide netted 38 people who were part of an organization which used short “payday loans” to ultimately steal people’s identities. Fort Bend County has indicted Tracy Spencer-Gilmore, who is at large. Officials believe he supplied the ringleader, Wesley Thomas Dixon, with stolen identities. (Mon, 04 Aug 2008 15:35:06 GMT)

Lok Sabha panel views CDs on cash-for-votes scam
A seven-member Lok Sabha panel, constituted to look into three Bharatiya Janata Party (BJP) MPs' allegation that they were bribed to abstain during the July 22 trust vote, Monday viewed audio and video tapes of a TV channel's sting operation that allegedly filmed the bribery negotiations. (Mon, 04 Aug 2008 15:52:07 GMT)

‘Saffron party behind cash-for-votes scam’
NEW DELHI — In yet another twist to the cash-for-votes scandal, three allies of the ruling Congress on Monday released a fresh CD purportedly showing that the Bharatiya Janata Party (BJP) with the help of a former Samajwadi Party worker had ‘stage-managed’ the incident ahead of the July 22 trust vote. (Mon, 04 Aug 2008 20:18:29 GMT)

City bond rating slightly upgraded
New York City bond raters Moody's Investment Service slightly upgraded the city of Pittsburgh's bond rating today in advance of a debt refinancing this week (Mon, 04 Aug 2008 20:32:20 GMT)

Payday lending group set for appeals court hearing
Payday lending proponents seeking to repeal a law that places restrictions on the industry are set to have their day in court – again. (Mon, 04 Aug 2008 21:30:18 GMT)

City bond rating is nudged upward
New York City bond raters Moody's Investment Service slightly upgraded the city of Pittsburgh's bond rating in advance of a debt refinancing this week. ... (Tue, 05 Aug 2008 04:29:30 GMT)

Bristol-Myers Squibb to acquire ImClone Systems
Bristol-Myers Squibb Company (BMS) 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. (Tue, 05 Aug 2008 04:46:07 GMT)

Congress allies release new CD in cash-for-vote scandal
NEW DELHI: Coming together for the first time in a decade, three socialist parties yesterday jumped to the defence of alliance partner, the Congress, and released a fresh CD on the cash-for-vote scam. (Tue, 05 Aug 2008 05:36:49 GMT)

Western Capital Resources, Inc. Purchases Assets from STEN Corporation
Effective July 31, 2008, Western Capital Resources, Inc. , a Minnesota corporation , purchased four payday loan and check cashing operations and an on-line lending website, which included all related assets including store level working capital, from STEN Corporation, a Minnesota corporation, and its subsidiary, STEN Credit Corporation. (Tue, 05 Aug 2008 12:30:00 GMT)

U.K. Stocks Advance, Led by Barclays, Legal; Irish Shares Surge
Aug. 5 (Bloomberg) -- U.K. stocks advanced for the first time in four days, led by Barclays Plc after the U.K.'s third- biggest bank agreed to sell its U.K. life-insurance unit to Swiss Reinsurance Co. for 753 million pounds ($1.5 billion). (Tue, 05 Aug 2008 12:58:18 GMT)

Education Calendar: 08/05/2008
The Education calendar is published weekly. To submit information email awidmer@record-eagle.com ; fax (231) 946-8632; or mail to 120 W. Front St., P.O. Box 632, Traverse City, MI 49685-0632. Items should be received at least two weeks in advance. (Tue, 05 Aug 2008 13:50:19 GMT)

Prokhorov, Potanin Agree to $10 Billion Mining Swap (Update2)
Aug. 5 (Bloomberg) -- Russian billionaires Mikhail Prokhorov and Vladimir Potanin agreed to a $10 billion swap of cash and stock that will end an 18-month feud and cement their control over the nation's biggest gold and nickel companies. (Tue, 05 Aug 2008 14:47:50 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. (Tue, 05 Aug 2008 15:18:02 GMT)

Loren Parks bankrolls Ore. initiatives
SALEM (AP) — Nevada medical equipment millionaire Loren Parks donated more than half of the cash raised to gather petition signatures to qualify eight initiative measures for the Nov. 4 Oregon ballot. (Tue, 05 Aug 2008 15:25:02 GMT)

(AFX UK Focus) 2008-08-05 18:19 Gaylord Entertainment beats Wall Street's view, sees lower cash flow ahead
SAN FRANCISCO (Thomson Financial) - Shares of Gaylord Entertainment Co. slid lower Tuesday after the company reported second-quarter results that beat Wall Street's expectations but lowered its guidance for 2008. (Tue, 05 Aug 2008 17:44:04 GMT)

Payday lending provisions discussed
The extent of education that borrowers should have on the protections contained in a new law was discussed today during a hearing by the State Corporation Commission. The regulations, which go into effect Jan. 1, are intended to implement a new payday loan regulation law passed by Virginia's General Assembly this year. The new law restricts borrowers to one outstanding payday loan at a time and ... (Tue, 05 Aug 2008 18:46:23 GMT)

Forest Oil Announces Second Quarter 2008 Results Including Record Adjusted Earnings, EBITDA and Discretionary Cash Flow
DENVER----Forest Oil Corporation today announced financial and operational results for the second quarter of 2008. For the quarter ended June 30, 2008, the Company reported the following highlights: Record adjusted net earnings of $135.1 million, up 191% over $46.5 million in 2007, on revenues of $515.2 million Record adjusted EBITDA of $377.2 million, up 101% over $187.5 million in 2007 Record ... (Tue, 05 Aug 2008 20:05:00 GMT)

Advance America Announces Election of William M. Webster IV as Chairman of Board of Directors
Advance America, Cash Advance Centers, Inc. announced today that William M. "Billy" Webster IV has been elected by the Company's Board of Directors as its Chairman. Mr. Webster succeeds George Dean Johnson, Jr., who has resigned from the board due to personal reasons and not because of any disagreement with the Company. (Tue, 05 Aug 2008 20:33:00 GMT)

Forest Oil Announces Second Quarter 2008 Results Including Record Adjusted Earnings, EBITDA and Discretionary Cash Flow
Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced financial and operational results for the second quarter of 2008. For the quarter ended June 30, 2008, the Company reported the following highlights: (Tue, 05 Aug 2008 20:35:08 GMT)

Pay bonds upfront, says India's Oil Ministry
With state-owned oil marketing companies strapped for cash on account of selling products at subsidised rates, the Oil Ministry last week approached the Finance Ministry seeking oil bonds in advance for the second and third quarters of the current fiscal 2008-09. (Tue, 05 Aug 2008 20:39:16 GMT)

Payday-lending info debated
A public hearing yesterday on the state's new payday-lending law generated debate on how much information given to borrowers is too much. The hearing was held by the State Corporation Commission on regulations developed to implement the law. A payday-lending industry representative blasted a proposal requiring lenders to provide oral and written notice about options that give borrowers more time ... (Wed, 06 Aug 2008 06:44:40 GMT)

Stocks in Europe, Asia Advance; U.S. Futures Are Little Changed
Aug. 6 (Bloomberg) -- Stocks rose in Europe and Asia after the Federal Reserve indicated it may not raise interest rates this year and a $9.8 billion bid for Lonmin Plc lifted mining companies. U.S. index futures were little changed. (Wed, 06 Aug 2008 08:32:39 GMT)

Stocks in Europe, Asia Advance; U.S. Futures Are Little Changed
Aug. 6 (Bloomberg) -- Stocks rose in Europe and Asia after BNP Paribas SA's earnings beat analysts' estimates, Xstrata Plc made a hostile bid for Lonmin Plc and the Federal Reserve indicated interest rates are on hold. U.S. index futures were little changed. (Wed, 06 Aug 2008 10:15:43 GMT)

Stocks in Europe, Asia Advance; U.S. Index Futures Decline
Aug. 6 (Bloomberg) -- Stocks rose in Europe and Asia after BNP Paribas SA's earnings beat analysts' estimates, Xstrata Plc made a hostile bid for Lonmin Plc and the Federal Reserve indicated interest rates are on hold. U.S. index futures fell. (Wed, 06 Aug 2008 12:47:39 GMT)

European Stocks Advance; BNP Paribas, Lonmin, Ryanair Climb
Aug. 6 (Bloomberg) -- European stocks rose after BNP Paribas SA's earnings beat analysts' estimates, Xstrata Plc made a hostile bid for Lonmin Plc and the Federal Reserve indicated interest rates are on hold. (Wed, 06 Aug 2008 14:02:46 GMT)

News 91.9
MONCTON, NB - Codiac Regional RCMP are advising home owners to do some research when it come to hiring contractors. While some legitimate contractors request deposits in advance, some self-proclaimed contractors ask for large cash deposits up front and then skip town without ever doing the work. (Wed, 06 Aug 2008 14:30:28 GMT)

US Cash Grain Outlook: Corn,Soy Basis Supported By Slow Sales
CENTRAL CITY, Neb. (Dow Jones)--Basis premiums applied to domestic cash corn and soybean bids were still strengthening Wednesday, as a collapse in futures drove farmgate prices for both commodities down to three- to six-month lows, which dampened country movement. (Wed, 06 Aug 2008 14:42:43 GMT)

Advance America chairman, co-founder steps down
SPARTANBURG, S.C. (AP) - The chairman and co-founder of payday lender Advance America Cash Advance Centers has stepped down. (Wed, 06 Aug 2008 15:44:12 GMT)

Payday lender Advance America chairman steps down
The chairman and co-founder of payday lender Advance America Cash Advance Centers Inc. has stepped down. The Spartanburg-based check cashing business said Tuesday that George Dean Johnson had resigned from the board of directors, citing "personal reasons" and not problems with the company. (Wed, 06 Aug 2008 17:05:23 GMT)

Payday lender Advance America chairman, co-founder resigns, citing 'personal reasons'
SPARTANBURG, S.C. (AP) - The chairman and co-founder of payday lender Advance America Cash Advance Centers Inc. has stepped down. (Wed, 06 Aug 2008 17:30:15 GMT)

Advance America chairman, co-founder steps down
The chairman and co-founder of payday lender Advance America Cash Advance Centers Inc. has stepped down, the company said Wednesday, citing "personal reasons." (Wed, 06 Aug 2008 19:12:08 GMT)

Las Vegas Sun
Back from the Oregon Coast. Why would anyone want to live there? There are very few slot machines and I couldn't get a payday loan. -- Sun columnist Jon Ralston quizzes readers on the upcoming primary's judicial races. This blogger scored poorly. We elect judges here. Why again? (Wed, 06 Aug 2008 20:12:18 GMT)

Advance America chairman and co-founder steps down
The chairman and co-founder of payday lender Advance America Cash Advance Centers Inc. has stepped down, citing "personal reasons," the company said Wednesday. (Wed, 06 Aug 2008 21:16:39 GMT)

Glass Lewis and ISS Recommend That Cash Systems, Inc. Shareholders Vote "For" Merger
Cash Systems, Inc. (NASDAQ: CKNN) (the "Company") today announced that Glass Lewis and ISS Governance Services, the two leading independent proxy advisors firms, have recommended that Cash Systems stockholders vote "FOR" the Company's proposed merger agreement with Global Cash Access ("GCA") (NYSE: GCA) at its August 7, 2008 Annual Meeting of Stockholders. (Thu, 07 Aug 2008 01:04:58 GMT)

Lender stock falls after chairman quits
Advance America, Cash Advance Centers shares fell Wednesday, a day after the Spartanburg payday lender announced that its board chairman resigned. George Dean Johnson Jr., a company co-founder, left the board “due to personal reasons and not because of any disagreement with the company,” Advance America said Tuesday. The company did not provide details. Co-founder and ex-CEO Billy Webster was ... (Thu, 07 Aug 2008 04:02:01 GMT)

Payday lender's chairman steps down
The chairman and co-founder of payday lender Advance America Cash Advance Centers has stepped down, citing personal reasons, the company said Wednesday. George Dean Johnson, 67, resigned from the board of directors of the Spartanburg-based business Tuesday. William M. Webster IV, who also co-founded the company and most recently served as its vice chairman, will replace Johnson at the helm, ... (Thu, 07 Aug 2008 04:27:19 GMT)

Advance America chief out
COLUMBIA — The chairman and co-founder of payday lender Advance America Cash Advance Centers has stepped down, citing "personal reasons," the company said Wednesday. George Dean Johnson, 67, resigned from the board of directors of the Spartanburg-based business Tuesday. William M. We... (Thu, 07 Aug 2008 04:52:03 GMT)

Cash advance company getting new chairman
Greenville native William M. "Billy" Webster IV has been tapped to succeed George Dean Johnson as chairman of Advance America Cash Advance Centers Inc., the company announced. (Thu, 07 Aug 2008 06:00:31 GMT)

FinMin against advance bonds to oil PSUs
The government allows the oil companies to sell only a quarter of the total quantum of bonds they hold at any time during a quarter, so as to ensure that the market is not flooded with oil bonds. It has not yet decided on how the subsidy burden will be shared across stakeholders, how much of the subsidy from the government account will be given in cash and how much in the form of bonds, says an ... (Thu, 07 Aug 2008 10:09:17 GMT)

QC Holdings profit drops on branch closings
QC Holdings today reported that profits dropped more than 50 percent during the second quarter as new loan laws led to branch closings. (Thu, 07 Aug 2008 13:35:36 GMT)

QC Holdings increases revenue, but defending payday loans cuts into earnings
QC Holdings Inc. reported an increase in revenue during the second quarter, but a more than 50 percent drop in net income. (Thu, 07 Aug 2008 14:29:51 GMT)

Law students win preliminary settlement approval in payday lender suit
"We are pleased that we were able to reach this agreement. It's a good result for members of the class and for Wisconsin consumers," says Sarah Orr, director of the clinic. "Beyond that, it provided meaningful, hands-on litigation work for the students involved." (Thu, 07 Aug 2008 16:11:16 GMT)

Plan to limit payday lenders might backfire, Realtor says
"If you were to place restrictions on where payday loan centers could go, the net result is that you are infringing upon competition, and it's only competition that drives the price of services down ... . (And) those people whom you were trying to protect from getting harmed get harmed greater." (Thu, 07 Aug 2008 17:38:17 GMT)

Governor battles payday lenders
A budding fight intensified today as Gov. Ted Strickland, a Democrat, joined Republican leaders in a campaign to protect one of the nation's most restrictive payday lending laws. (Thu, 07 Aug 2008 17:55:35 GMT)

Ohio Governor To Fight Payday Lending Industry
Payday lenders hope to submit enough valid signatures by Aug. 31 to get a request to repeal the law on the November ballot. (Thu, 07 Aug 2008 18:04:00 GMT)

Payday Legislation: Supporters & Critics
Payday lending legislation: Who's right? Which side are you on? (Thu, 07 Aug 2008 18:52:27 GMT)

Leaders Launch Campaign To Protect Payday Loan Law
Ohio leaders fight an effort by payday lenders to repeal restrictive caps on the short-term loans they offer. (Thu, 07 Aug 2008 20:08:39 GMT)

Ohio governor fights payday lending industry
A budding fight intensified Thursday as Ohio Gov. Ted Strickland, a Democrat, joined Republican leaders in a campaign to protect one of the nation's most restrictive payday lending laws. (Thu, 07 Aug 2008 20:41:34 GMT)

Payday lender settlement reached
An Internet payday lender won't be able to make loans to Wisconsin consumers and will need to pay $60,000 in restitution under a preliminary settlement reached in a class-action suit brought by UW-Madison Law School students and the school's Consumer Law Litigation Clinic. The settlement also requires Tremont Financial LLC to release the 137 class-action members from loan obligations, and the ... (Thu, 07 Aug 2008 21:02:43 GMT)

Leaders launch campaign to protect payday loan law
COLUMBUS, Ohio (AP) - Democratic Gov. Ted Strickland and Republican legislative leaders will fight an effort by payday lenders to repeal restrictive caps on the short-term loans they offer. (Thu, 07 Aug 2008 21:12:06 GMT)

Cash Systems Shareholders Approve Acquisition by Global Cash Access
Cash Systems, Inc. (Nasdaq: CKNN) (the "Company") announced today that at its Annual Meeting of Shareholders held today, a majority of its shareholders have approved the acquisition of the Company by Global Cash Access, Inc. (Fri, 08 Aug 2008 00:19:50 GMT)

Strickland to fight payday lending industry
COLUMBUS (AP) -- A budding fight intensified Thursday as Gov. Ted Strickland, a Democrat, joined Republican leaders in a campaign to protect one of the nation's most restrictive payday lending laws. (Fri, 08 Aug 2008 03:50:01 GMT)

Check City Announces Payday Loan Service in North Dakota
CheckCity.com is now doing business in North Dakota. The well-established payday loan company is now operating in the state since July 31st, 2008. It is fully licensed and registered to perform business and is excited about its opportunity in North Dakota. (Fri, 08 Aug 2008 07:01:00 GMT)

CheckCity.com Offers Payday Advance Loans in Illinois
CheckCity.com has been authorized and licensed by the State of Illinois to offer payday advance loans and began offering cash advance loans to residents of the state on Thursday, July 31st. (Fri, 08 Aug 2008 07:01:00 GMT)

CheckCity.com Begins Internet Loan Service in Alabama
CheckCity.com, a leader in the payday loan industry, has begun offering loans in the state of Alabama. They have acquired the necessary licenses by the state and now offer payday loans to residents of the state of Alabama as of July 31st, 2008. (Fri, 08 Aug 2008 07:01:00 GMT)

State bracing for payday fight
State leaders are gearing up to fight what they expect will be a $16 million campaign starting today by Ohio's payday lenders to retain the ability to charge high interest rates. (Fri, 08 Aug 2008 10:49:37 GMT)

Detroit mayor released from jail on $50,000 cash bond, but he must wear GPS, travel restricted
DETROIT (AP) -- A judge has ruled that Detroit Mayor Kwame Kilpatrick be released from jail, pay a $50,000 cash bond, wear an electronic tether and not be allowed to travel. (Fri, 08 Aug 2008 16:04:03 GMT)

Payday lending group unveils TV ad
Payday lending proponents aren’t going down without a fight. (Fri, 08 Aug 2008 20:37:58 GMT)

Global Cash Access, Inc. Completes Acquisition of Cash Systems, Inc.
Cash Systems, Inc. (Nasdaq: CKNN) (the "Company" or "Cash Systems") announced (Fri, 08 Aug 2008 22:23:39 GMT)

Global Cash Access, Inc. Completes Acquisition of Cash Systems, Inc. Business Editors
(AP:LAS VEGAS--) (BUSINESS WIRE) _ Aug. 08, 2008--Cash Systems, Inc. (Nasdaq: CKNN) (the "Company" or "Cash Systems") announced today that Global Cash Access, Inc. (GCA) has closed the acquisition of the Company. (Fri, 08 Aug 2008 22:48:28 GMT)

Rs.8.7 mn cash, jewellery seized from government official
Cash and jewellery worth Rs.8.7 million have been seized from a senior official of the Tamil Nadu electricity board after a team of the Directorate of Vigilance and Anti-Corruption raided his house and bank lockers in Erode district, officials said Friday. (Fri, 08 Aug 2008 23:58:58 GMT)

Rs.8.7 mn cash, jewellery seized from government official
Chennai, Aug 8 : Cash and jewellery worth Rs.8.7 million have been seized from a senior official of the Tamil Nadu electricity board after a team of the Directorate of Vigilance and Anti-Corruption raided his house and bank lockers in Erode district, officials said Friday. (Sat, 09 Aug 2008 07:36:44 GMT)

Backers miss key points in Ohio's payday-loan rate-cap debate - Round the Rotunda by Aaron Marshall
UPDATED: 04 :50 a.m. EDT, August 09, 2008 A fan seems unfazed by the downpour during a rain delay at the first pre-season game against the New York Jets Thursday, August 7, 2008 at Cleveland Browns Stadium in Cleveland. (Sat, 09 Aug 2008 08:50:52 GMT)

Napolean Cash Advance robbed
Police say a man walked into the first American Cash Advance in the 1200 block of Scott Street with a handgun and demanded cash. (Sat, 09 Aug 2008 21:43:44 GMT)

Advance tax mop-up signals slowdown
Call it early signs of an economic slowdown. The growth of advance corporate tax collection in the first four months of FY09 vis-à-vis the corresponding period last fiscal slipped by almost half - from 35% to 18%. (Sat, 09 Aug 2008 22:19:08 GMT)

Bill aims for payday loan alternatives
Sen. Daniel K. Akaka, D-Hawai‘i, introduced legislation recently to improve access to banks and alternatives to payday loans. (Sun, 10 Aug 2008 11:22:04 GMT)

Sales Probably Dropped, Prices Climbed: U.S. Economy Preview
Aug. 10 (Bloomberg) -- Sales at U.S. retailers probably dropped in July for the first time in five months as record gasoline prices siphoned the cash from tax rebates out of consumers' pockets, economists said before reports this week. (Sun, 10 Aug 2008 14:03:00 GMT)

Asia DayAhead: No Plans to Add Cash to Fannie, Freddie, Paulson
Aug. 11 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor's 500 Index to the largest weekly rally since April, as retailers, automakers and restaurants climbed on speculation earnings will improve as oil retreats. (Sun, 10 Aug 2008 21:49:31 GMT)

Local experts offer cash saving tips
It is no secret that prices of food, gas and services continue to rise, while Michigan’s economy continues to suffer a series of economic strokes. (Mon, 11 Aug 2008 06:11:23 GMT)

Task force seeks Gregory Holcomb, suspect in payday loan store robbery - FBI's Most Wanted
UPDATED: 04 :50 a.m. EDT, August 11, 2008 Samantha and Genipher Naseem of Cleveland take advantage of water fountains in the Pervious Concrete Hydra Park exhibit at the Great Lakes Burning River Fest 2008 on Sat. August 9, 2008. (Mon, 11 Aug 2008 08:50:08 GMT)

Ad Watch: Payday loan 30-second 'Farmer' spot
The ad: "Farmer," a 30-second television spot Producer: Ohioans For Financial Freedom (Mon, 11 Aug 2008 11:34:35 GMT)

Payday lending group unveils TV ad
Payday lending proponents aren't going down without a fight. (Mon, 11 Aug 2008 14:19:28 GMT)

CME Livestock Outlook: Most Live Cattle Weak, Hogs Mixed
CHICAGO (Dow Jones)--Chicago Mercantile Exchange live cattle could open generally weak Monday on carryover selling and traders digesting late last week's cash cattle price outcome, according to analysts and brokers. (Mon, 11 Aug 2008 14:19:34 GMT)

Stocks turn higher as oil prices fall below $114
Wall Street extended its advance Monday as the price of crude oil fell briefly below $113 a barrel, easing investors' concerns about the impact of inflation on the economy. Light, sweet crude fell $1.88 to $113.32 per barrel on the New York Mercantile... (Mon, 11 Aug 2008 15:08:02 GMT)

Stocks Gain; Oil Falls Below $113
Wall Street extended its advance Monday as the price of crude oil fell briefly below $113 a barrel (Mon, 11 Aug 2008 16:26:11 GMT)

Ad Watch: Payday loan 30-second 'Farmer' spot
The ad: "Farmer," a 30-second television spot Producer: Ohioans For Financial Freedom (Mon, 11 Aug 2008 17:27:27 GMT)

Stocks extend gains as oil prices fall below $113
Wall Street extended its advance Monday as the price of crude oil fell briefly below $113 a barrel, easing investors' concerns about the impact of inflation on the economy. The market's gains were limited by news from the Federal Reserve that more banks are tightening lending standards on home mortgages and consumer and business loans. (Mon, 11 Aug 2008 18:43:25 GMT)

U.S. Stocks Finish With Modest Advance, Tracking Drop In Oil
U.S. Stocks Finish With Modest Advance, Tracking Drop In Oil (Mon, 11 Aug 2008 20:44:36 GMT)

Global Cash Access Announces Second Quarter 2008 Financial Results
LAS VEGAS----Global Cash Access Holdings, Inc. today announced preliminary, unaudited financial results for the quarter ended June 30, 2008. (Mon, 11 Aug 2008 21:33:00 GMT)

Global Cash Access Announces Second Quarter 2008 Financial Results
Global Cash Access Holdings, Inc. (NYSE:GCA) ("GCA" or the "Company") today announced (Mon, 11 Aug 2008 21:39:53 GMT)

Livestock Highlights: Australian Beef, Cattle Advance, Pork Prices
Pilgrim's Pride Corp. (PPC) said Monday it will idle two processing facilities and cut 600 jobs, furthering an attempt to offset surging feed-grain costs and weak prices for chicken-breast meat. (Mon, 11 Aug 2008 22:30:38 GMT)

State cracks down on Web-based payday loans with new regulations
The Pennsylvania Department of Banking is cracking down on Web-based payday lenders that want to do business with Pennsylvanians, giving them until Feb. 1 to get a state license and comply with rules on short-term consumer loans. ... (Tue, 12 Aug 2008 04:23:42 GMT)

China Inflation Cools, Allowing More Growth Measures (Update3)
Aug. 12 (Bloomberg) -- China's inflation cooled to the slowest pace in 10 months, giving the government more room to restrain the yuan's advance and bolster economic growth. (Tue, 12 Aug 2008 07:20:09 GMT)

FDIC Pilot Program Explores Alternatives to Payday Loans
Banks around the country have issued more than 3,000 small loans as part of a pilot program by the Federal Deposit Insurance Corp. exploring alternatives to payday lending. (Tue, 12 Aug 2008 08:24:45 GMT)

Ohioans for Financial Freedom's 'Farmer' ad sows half-truths on payday loans - Eye on Ohio
"Farmer," a 30-second television spot. (Tue, 12 Aug 2008 08:54:12 GMT)

Stocks extend last week's advance
Stocks advanced yesterday but gave back some gains after crude-oil prices cut their losses and the Federal Reserve said more banks are tightening lending standards. (Tue, 12 Aug 2008 08:54:31 GMT)

Russian Stocks, Ruble Surge as Medvedev Halts Georgia Offensive
Aug. 12 (Bloomberg) -- Russia's Micex Index surged, the ruble extended its advance and the cost of protecting the country's bonds fell after President Dmitry Medvedev ordered a halt to the military operation in Georgia. (Tue, 12 Aug 2008 09:40:11 GMT)

German Stocks Including Daimler, BMW Advance; Steelmakers Fall
Aug. 12 (Bloomberg) -- German stocks including Daimler AG, the world's second-largest maker of luxury cars, and Bayerische Motoren Werke AG gained on lower oil prices. (Tue, 12 Aug 2008 12:39:52 GMT)

Storm cleanup in hunt for cash
GRIFFITH -- A week after a tornado ravaged much of the area, the search for dollars and workers to continue the recovery effort is taking center stage. (Tue, 12 Aug 2008 13:21:04 GMT)

Payday Lending Trapping Communities Of Color?
Critics of payday loans — which come with high interest rates — say they trap poor people of color in debt. But some civil rights groups are actually defending the loan service, saying that low-income people deserve to make their own choices about how to survive. (Tue, 12 Aug 2008 17:21:01 GMT)

US Cash Grain Review: Summer Harvest Swells US Grain Bins
CENTRAL CITY, Neb. (Dow Jones)--On-going harvest of wheat, oats and barley is boosting commercial inventories of U.S. cash grains; leaving elevators, terminals, ports and warehouses surveyed by USDA filled to 47% of total holding capacity as of Tuesday, which was up from 45% last week. (Tue, 12 Aug 2008 19:48:32 GMT)

Opponents question methods of circulators of payday-lender petitions
Supporters of a new payday lending law today accused signature gathers acting on behalf of payday lenders of too often not telling the truth as they try to persuade Ohio voters to sign petition forms for a ballot referendum. (Tue, 12 Aug 2008 20:19:26 GMT)

Payday Loan Petitions Doubted
(AP) - A group that successfully championed some of the nation's toughest restrictions on high-interest short-term loans held a news conference this afternoon in Columbus. (Tue, 12 Aug 2008 20:33:53 GMT)

On Scene: Georgia's Ravaged Capital
The Russian advance may have halted, but the country is held in fear, with its economy set back and refugees left on the road (Tue, 12 Aug 2008 21:44:56 GMT)

FDIC pilot program explores alternatives to payday loans
WASHINGTON -- Banks around the country have issued more than 3,000 small loans as part of a pilot program by the Federal Deposit Insurance Corp. exploring alternatives to payday lending. (Tue, 12 Aug 2008 23:38:56 GMT)

Cash-for-votes: News channel airs tapes of sting operation
NEW DELHI - The dark secrets behind the opposition Bharatiya Janata Party (BJP) members being ‘bought’ by the ruling United Progressive Alliance (UPA) coalition to save the government is out in the public domain. (Wed, 13 Aug 2008 00:40:00 GMT)

Opulence and Chaos Meet in an African Boomtown
Because of oil prices and other factors, one of Africa?s money- and contrast-rich boomtowns is more flush with cash and full of glitter than ever. (Wed, 13 Aug 2008 01:22:54 GMT)

Payday loan cap repeal petitions misrepresented, opponents say
Columbus -- People circulating petitions to lift a 28 percent cap on payday loan rates have duped voters, a group defending the cap charged Tuesday. The advocates of the cap said they couldn't prove payday lenders were behind the... (Wed, 13 Aug 2008 01:38:55 GMT)

Ohio Payday Lending Law Change Battle Heats Up
Payday lender petition circulators accused of illegal activity. Industry says "show us the proof." (Wed, 13 Aug 2008 04:48:49 GMT)

Cash Creek seeks landfill
Cash Creek Generation LLC, which proposes building a coal-fueled power plant on the Green River here, is applying for a permit to build and operate a landfill for the plant. (Wed, 13 Aug 2008 05:08:04 GMT)

Payday Loan Affiliation Gives Thousands Financial Freedom
With the recent launch of Cash Doctors new product, an online business affiliation was created that has now allowed even more Australians access to instant payday loans, 24 hours a day, 7 days a week. (Wed, 13 Aug 2008 07:01:00 GMT)

Dentist couple must pay back NHS cash they stole
A DENTIST and his wife who swindled the NHS, listing a pet dog as a patient, have been ordered to pay back more than £175,000. (Wed, 13 Aug 2008 07:38:07 GMT)

Payday loan cap repeal petitions misrepresented, opponents say
Columbus- People circulating petitions to lift a 28 percent cap on payday loan rates have duped voters, a group defending the cap charged Tuesday. (Wed, 13 Aug 2008 08:47:20 GMT)

Critics in Ohio question payday lending signatures
People gathering petition signatures in an effort to repeal Ohio's strict payday lending laws are misleading voters, critics said Tuesday. (Wed, 13 Aug 2008 11:39:26 GMT)

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