Cash Advance News Sep 2008

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Payday Loan Limit Voted Down
SPRINGFIELD - Springfield aldermen vote against a plan limiting payday loan stores. Neighbors along MacArthur Boulevard say the eight stores in the area prey on low-income families and they don't want more. (Wed, 17 Sep 2008 02:47:06 GMT)

Asian Stocks Advance, Treasuries Fall on U.S. Takeover of AIG
Sept. 17 (Bloomberg) -- Asian stocks rose and Treasuries fell after the U.S. government takeover of American International Group Inc. lessened concern a collapse will cause more credit-market losses. (Wed, 17 Sep 2008 03:08:30 GMT)

Japan Stocks Advance on Fed Rescue of AIG; Tokio Marine Gains
Sept. 17 (Bloomberg) -- Japanese stocks advanced, rebounding from a three-year low, on expectations a rescue of the biggest U.S. insurance company will calm turmoil in financial markets. (Wed, 17 Sep 2008 03:27:07 GMT)

Arizona Proposition 200 - Payday Loan Reform Act
In November 2008 voters in Arizona will address Proposition 200, sponsored by Reform AZ Payday Loans. Currently payday loan businesses are regulated by the State. This licensing program is set... (Wed, 17 Sep 2008 03:37:15 GMT)

Payday lenders short in first round to get issue to eliminate 29 percent loan cap on state ballot
COLUMBUS -- Payday lenders are likely to fall short in their initial effort to gather the valid signatures needed to qualify an issue for the statewide ballot that could eliminate a 28 percent cap on the short-term, high-interest loans.... (Wed, 17 Sep 2008 04:24:18 GMT)

Asian Stocks Advance, Treasuries Fall on U.S. Takeover of AIG
Sept. 17 (Bloomberg) -- Asian stocks rose and Treasuries fell after the U.S. government bailed out American International Group Inc., easing concern credit-market losses will widen. (Wed, 17 Sep 2008 04:38:40 GMT)

Petitioners hope to repeal cash-lending law
Throughout the past several months, petitioners in Ohio have been busy trying to collect the necessary amount of signatures needed to change the current cash lending laws. But while petitioners are collecting signatures, voters in Ohio will have to wait and see whether or not changes will take place to the new laws which went into effect on Sept. (Wed, 17 Sep 2008 05:11:46 GMT)

Revealing truth about predatory payday lending
Anyone who is still undecided about how to vote on Proposition 200, which would perpetuate payday lending in Arizona, should attend a forum this evening that will explain the pitfalls of payday loans for consumers. (Wed, 17 Sep 2008 07:15:46 GMT)

Goddard seeking to banish use of payday loans in state
PHOENIX — Attorney General Terry Goddard said Tuesday that payday loans need to be outlawed because most Arizonans who use them don't know when or how to stop. (Wed, 17 Sep 2008 07:23:51 GMT)

European Stocks, U.S. Futures Rise; UBS, AIG, Barclays Advance
Sept. 17 (Bloomberg) -- European stocks and U.S. index futures climbed after American International Group Inc. avoided the worst financial collapse in history by accepting an $85 billion government loan. Asian shares were little changed. (Wed, 17 Sep 2008 07:34:18 GMT)

Avoid cash advances
Avoid taking a cash advance on your credit card. Taking a cash advance on your credit card will result in your paying high interest rates on the cash you withdraw and fees, and interest on those fees, for the remaining years on your larger credit card balance. (Wed, 17 Sep 2008 08:23:05 GMT)

Payday petitions are short on valid signatures
Columbus- Payday lenders are likely to fall short in their initial effort to gather the valid signatures needed to qualify an issue for the statewide ballot that could eliminate a 28 percent cap on the short-term, high-interest loans. (Wed, 17 Sep 2008 08:49:44 GMT)

Man hired to transport cash to be detained until trial
CEDAR RAPIDS --- A man who was hired to move bundles of cash from Waterloo to Arizona will remain behind bars until his trial. (Wed, 17 Sep 2008 09:09:47 GMT)

UPDATE: New Treasury Program Created To Provide Cash To Fed
WASHINGTON -(Dow Jones)- The U.S. Treasury Wednesday said it would start selling a series of Treasury bills specifically to raise new cash for the central bank, which hours before announced an $85 billion rescue plan for giant insurer American International Group Inc. (AIG). (Wed, 17 Sep 2008 15:13:12 GMT)

UG continues work on payday loan ordinance
Payday loan shops have long offered local residents an option to pay their bills during tight financial times. But the prevalence of the shops – there are 26 such stores in Kansas City, Kan. – and their often-aggressive financing terms have drawn the ire of the Unified Government. (Wed, 17 Sep 2008 17:21:05 GMT)

Gold prices surge after AIG bailout, dollar drop
Gold prices soared Wednesday, notching the biggest one-day advance ever as mounting credit market turmoil prodded jittery investors to pull money out of equities and into safe-haven assets. (Wed, 17 Sep 2008 22:04:32 GMT)

Short-term Treasury demand soars after AIG bailout
NEW YORK -- Demand for short-duration Treasurys surged Wednesday, sending the yield on the 3-month Treasury bill briefly into negative territory for the first time since 1940, as investors rushed for the closest thing to cash. (Wed, 17 Sep 2008 22:34:50 GMT)

Diversions for September 18, 2008
CONCERT — featuring the Van-Dells to benefit the Water for People charity, 7:30 p.m., the Coliseum, presented by the Indiana Section American Water Works Association. The evening will start at 6:30 with a cash wine/beer bar and concessions ($10 in advance, $15 at the door). (Thu, 18 Sep 2008 05:03:32 GMT)

Police beat
A cash advance business in the 200 block of West Main Street reported $800 missing Saturday. An employee who had left her keys at the business was arrested Tuesday, according to police. (Thu, 18 Sep 2008 05:19:51 GMT)

Man sentenced for robbing cash-advance stores
CANTON A Stark County judge sentenced a Mansfield man to a dozen years in prison Wednesday for robbing two cash-advance stores in June. Joseph D. Young, 20, pleaded guilty to two counts of aggravated robbery and two counts of kidnapping. (Thu, 18 Sep 2008 05:24:47 GMT)

Rogers Schools To Get Cash Loan For November Payroll
ROGERS -- The Rogers School District will need an $8 million cash flow loan to make November payroll before property tax money comes into the coffers. (Thu, 18 Sep 2008 07:37:01 GMT)

Indian cash rates up as advance tax outflows weigh
MUMBAI, Sept 18 (Reuters) - Indian overnight cash rates were higher on Thursday with cash conditions continuing to be tight as outflows towards quarterly tax installments drained liquidity from the banking system. (Thu, 18 Sep 2008 10:05:45 GMT)

Payday loan petitions rife with invalid names
If preliminary numbers hold, it appears payday lenders will have to start looking for more signatures in order to qualify their referendum for the November ballot. (Thu, 18 Sep 2008 11:49:04 GMT)

Indian cash rates end flat but liqudity tight
(Updates to close) (Thu, 18 Sep 2008 12:27:39 GMT)

Central bank moves to inject liquidity helps market to strong advance
TORONTO - Stock markets headed sharply higher after central banks including the Bank of Canada moved to inject huge amounts of money into global money markets to encourage lending. (Thu, 18 Sep 2008 13:40:00 GMT)

Central bank moves to inject liquidity help stock markets to strong advance
TORONTO - The Toronto stock market surged almost 500 points in early trading Thursday, more than recouping the big losses from the previous session as central banks including the Bank of Canada moved to inject huge amounts of money into global money markets to encourage lending. (Thu, 18 Sep 2008 14:07:00 GMT)

Emerging-Market Bonds Advance After Central Banks Intervene
Sept. 18 (Bloomberg) -- Emerging-market bonds rose, with yields relative to Treasuries narrowing for the first time this week, after world central banks were authorized to pump $247 billion of emergency funds to spur lending. (Thu, 18 Sep 2008 14:24:24 GMT)

United gets cash advance from Chase on frequent flier miles
UAL Corp. said Thursday that its United Airlines completed an earlier-announced agreement with Chase Bank, under which United's liquidity will be increased by about $1.2 billion. (Thu, 18 Sep 2008 16:57:14 GMT)

Emerging-Market Bonds Advance on Central Banks' Liquidity Plan
Sept. 18 (Bloomberg) -- Emerging-market bonds rose, with yields relative to Treasuries narrowing for the first time this week, after world central banks were authorized to pump $247 billion of emergency funds to spur lending. (Thu, 18 Sep 2008 17:23:53 GMT)

Napoleon cash advance robbed
Thursday, September 18, 2008 at 3:54 p.m. Napoleon Police say a First American Cash Advance was robbed Thursday morning and the suspect has yet to be located. (Thu, 18 Sep 2008 19:56:34 GMT)

Some Staten Island teachers, principals awarded cash bonuses
As part of incentive program, city doles out $20M to schools across city, including $114,000 to teachers at PS 20, above (Thu, 18 Sep 2008 20:48:34 GMT)

US Cash Grain Review: Fine Weather, Faltering Futures
CENTRAL CITY, Neb. (Dow Jones)--Fine weather allowed corn, sorghum and soybean harvest to resume in some sections of the southern U.S. Thursday, to the detriment of local cash premiums. Grain futures were sharply lower, once again. (Thu, 18 Sep 2008 21:07:56 GMT)

Dollar Gains on U.S. Government Plan to Revive Credit Markets
Sept. 19 (Bloomberg) -- The dollar rose the most in a month against the yen as central banks pumped cash into global credit markets and U.S. officials said they were developing a plan to stop banks from failing. (Fri, 19 Sep 2008 07:11:55 GMT)

Indian cash rates end higher on tight liquidity
(Updates to close) (Fri, 19 Sep 2008 12:06:01 GMT)

Cash Advance Store Robbed; Victim's Car Stolen
VANCOUVER, Wash. -- A man armed with a knife robbed a cash advance store and then stole the victim's car Friday morning, police said. Officers were called to Advance America Cash Advance in the 7500 block of Fourth Plain Boulevard at 8:15 a.m. (Fri, 19 Sep 2008 16:49:21 GMT)

Brewers fan hopes to 'untuckem'
If the Milwaukee Brewers can somehow rebound from Thursday's brutal loss to the Chicago Cubs and advance to the playoffs, a Wausau entrepreneur hopes to cash in. (Fri, 19 Sep 2008 17:03:30 GMT)

Armed robber strikes payday loan company
A masked man with a knife robbed a Vancouver payday loan company this morning and then stole a person's car from the parking lot. (Fri, 19 Sep 2008 18:18:46 GMT)

US Cash Grain Review: Soybeans/Wheat Approach 9-12-Month Lows
CENTRAL CITY, Neb. (Dow Jones)--Cash corn and soybean prices slipped amid nearly unprecedented volatility in the U.S. financial market this week. Elevator bids for wheat finished about unchanged, even after spot futures fluctuated in ranges of about 50 cents a bushel during the period. (Fri, 19 Sep 2008 20:21:18 GMT)

Payday lending supporters appear to be push polling
Sheryl Harris writes this column in The Plain Dealer on Saturdays.Previous columns onlineCONSUMER WISEA weekly column about consumer affairsSupporters of payday lending apparently are conducting a telephone "push poll" to sway voters on Issue 5. Push polls sound like... (Fri, 19 Sep 2008 21:16:49 GMT)

13,000 payday signatures might be tossed out
About 13,000 signatures collected by California-based Arno Political Consultants on behalf of payday lenders are expected to be tossed out because the company's supervisors failed to file the proper paperwork. (Fri, 19 Sep 2008 23:02:28 GMT)

Payday lenders toss 12,000 signatures in Ohio ballot effort
COLUMBUS -- Payday lenders agreed to toss out more than 12,000 signatures from a dozen rural Ohio counties for a statewide ballot issue after acknowledging the company doing the gathering didn't fill out the proper paperwork. The decision affects 12,928... (Fri, 19 Sep 2008 23:54:48 GMT)

13,000 Signatures Invalid In Payday Loan Effort
Nearly 13,000 signatures have been rejected on Ohio petitions to repeal a law restricting payday loans. (Sat, 20 Sep 2008 01:01:14 GMT)

13,000 signatures invalid in payday loan effort
COLUMBUS, Ohio (AP) - Nearly 13,000 signatures have been rejected on Ohio petitions to repeal a law restricting payday loans. Today the payday industry-backed group called Ohioans for Financial Freedom agreed to take back 12,928 signatures challenged as falsely gathered or fraudulent. (Sat, 20 Sep 2008 03:35:11 GMT)

Frequent fliers cash in record number of points
Passengers at U.S. carriers including American Airlines and United Airlines are burning through record numbers of frequent-flier points to avoid paying higher fares, and the companies couldn't be happier. The airlines are adding surcharges of as much as $100 on frequent-flier tickets. And, when customers get rid of unused awards – sometimes because the airlines have raised the number of points ... (Sat, 20 Sep 2008 04:08:56 GMT)

Payday lenders await verdict on signatures
About 13,000 signatures collected by California-based Arno Political Consultants on behalf of payday lenders are expected to be tossed out because the company's supervisors failed to file the proper paperwork. (Sat, 20 Sep 2008 11:48:18 GMT)

13K Payday Loan Signatures Invalid
Nearly 13,000 signatures have been rejected on Ohio petitions to repeal a law restricting payday loans. (Sat, 20 Sep 2008 15:29:35 GMT)

Payday loans: Should interest rates be capped?
About a third of state governments have followed the federal lead in capping interest rates on short-term loans often used by borrowers who live check to check. California isn't one of those states. A bill here died in committee last session, and sponsor Assemblyman Dave Jones, D-Sacramento, hasn't decided yet whether he will try again next year. In 2006, Congress capped rates on payday loans, ... (Sat, 20 Sep 2008 19:07:34 GMT)

Payday loans need to be outlawed: Goddard
PHOENIX -- Attorney General Terry Goddard said Tuesday that payday loans need to be outlawed because most Arizonans who use them don't know when -- or how -- to stop. (Sat, 20 Sep 2008 21:09:45 GMT)

Best Bets
Best Bets items may be submitted up to two weeks in advance and are subject to editing. Items must be received by 1 p.m. to run the following day. Items must be submitted via e-mail or U.S. Postal Service. All submissions must be typed and may be e-mailed to newsroom@itemonline.com. (Sun, 21 Sep 2008 00:57:51 GMT)

Dallas area faces economic crunch for senior transportation services
For Paulette Koepke of Plano, the simple act of running errands is not so simple. She must arrange for a cab at least a day in advance. First stop is the ATM, where she withdraws cash to pay for her ride. Then come the errands, which can be hard because Ms. Koepke, 61, is in a wheelchair. (Sun, 21 Sep 2008 02:33:41 GMT)

A Good Rummage Sale Brings in Extra Cash
(ARA) - As the dog days of summer pass and cooler weather begins to settle in, you may begin to notice a lot of unwanted items around your house. (Sun, 21 Sep 2008 06:45:39 GMT)

Reunions
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, 21 Sep 2008 07:45:22 GMT)

Proposed laws would rein in credit card companies
Sheryl Harris writes this column in The Plain Dealer on Sundays.Previous columns onlinePLAIN DEALINGA weekly column about consumer affairsQ: I have a quick question for you. A while back, I took out a $2,000 cash advance on my credit... (Sun, 21 Sep 2008 07:46:39 GMT)

Expert: Steve McLinden
Dear Steve, Our current rental is in foreclosure and we must vacate! All the laws seem to favor the landlord, to whom we paid six months of rent in advance. We need to rent another house now, so how do we avoid renting one that's going into foreclosure? (Sun, 21 Sep 2008 10:50:28 GMT)

And the winner is .... Meals on Wheels at the annual duck race
More than 4,000 rubber ducks were dumped from containers at one end of the YMCA pool Sunday afternoon while a cheering crowd looked on. Once the ducks hit water the excitement of the sixth annual Meals on Wheels Rubber Duck Dash for the Cash seemed to ease off some. (Sun, 21 Sep 2008 22:24:15 GMT)

U.K. Stocks Gain; Rio Tinto, BP and Wolseley Lead the Advance
Sept. 22 (Bloomberg) -- U.K. stocks climbed for a second day, recouping earlier losses, led by Rio Tinto Group, the world's second-largest producer of iron ore and aluminum, and BP Plc as oil and metals prices rose. (Mon, 22 Sep 2008 10:15:55 GMT)

Indian call rates end up after advance tax drain cash
(Updates to close) (Mon, 22 Sep 2008 12:02:08 GMT)

European Stocks, U.S. Futures Decline; Asian Shares Advance
Sept. 22 (Bloomberg) -- European stocks and U.S. futures fell as higher oil prices weighed on retailers and carmakers, overshadowing plans by the U.S. government to buy $700 billion of bank assets and a crackdown on bets against financial companies. Asian shares advanced. (Mon, 22 Sep 2008 12:48:53 GMT)

European Stocks Decline on Higher Oil; Carrefour, Ryanair Drop
Sept. 22 (Bloomberg) -- European stocks fell, erasing some of the Dow Jones Stoxx 600 Index's steepest one-day advance on record, as higher oil prices weighed on retailers and travel companies and overshadowed plans by the U.S. government to buy $700 billion of bank assets. (Mon, 22 Sep 2008 16:04:24 GMT)

Man robs Stow check-cashing store
STOW -- Police are asking for help to identify a robber. At 9:15 a.m. Friday, a man robbed the National Cash Advance store on Kent Road, police said. The man pulled out a handgun and demanded money from a... (Mon, 22 Sep 2008 16:28:02 GMT)

European Stocks Decline on Oil's Rally; Carrefour, Ryanair Drop
Sept. 22 (Bloomberg) -- European stocks fell, erasing some of the Dow Jones Stoxx 600 Index's biggest one-day advance on record, as higher oil prices weighed on retailers and travel companies and overshadowed plans by the U.S. government to buy $700 billion of bank assets. (Mon, 22 Sep 2008 16:32:22 GMT)

European Stocks Decline on Oil's Rally; Carrefour, Ryanair Drop
Sept. 22 (Bloomberg) -- European stocks fell, erasing more than a quarter of the Dow Jones Stoxx 600 Index's biggest one- day advance on record, as higher oil prices weighed on retailers and travel companies and overshadowed plans by the U.S. government to buy $700 billion of bank assets. (Mon, 22 Sep 2008 17:50:07 GMT)

All eyes on Ohio's payday lending struggle
Ohio has become the epicenter of a national debate on payday lending restrictions. The payday loan industry is trying to get an issue on the November ballot in Ohio that would overturn restrictions on the interest rates it can charge. (Mon, 22 Sep 2008 22:07:57 GMT)

All eyes on Ohio's payday lending
COLUMBUS - Ohio has become the epicenter of a national debate on payday lending restrictions. The payday loan industry is trying to get issues on the November ballot in Ohio and Arizona that would overturn restrictions on the interest rates it can charge. (Tue, 23 Sep 2008 04:42:46 GMT)

All eyes on payday lending struggle in Ohio, Ariz.
The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates. The industry is trying to get an initiative on the November ballot in Ohio to overturn a new law that would cut their annual interest rate to 28 percent. Lenders ... (Tue, 23 Sep 2008 09:21:39 GMT)

All eyes on payday lending struggle in Ohio, Ariz.
All eyes on payday lending struggle in Ohio, Ariz. (Tue, 23 Sep 2008 09:28:47 GMT)

Andina Moves to Strengthen Management Team to Advance Development of the Volcan Gold Project
ANDINA Minerals Inc. reports that it has commenced a search for a senior mine development professional to lead Andina as it advances economic studies on its 100% owned Volcan Gold Project located in Chile's prolific Maricunga Gold Belt. (Tue, 23 Sep 2008 13:21:00 GMT)

Adwatch: Payday loan's 'Big Brother' TV commercial
The ad: "Big Brother" (Tue, 23 Sep 2008 13:57:15 GMT)

Maid gets up to 2 years for stealing employer’s phone, cash
MANILA, Philippines—A Las Piñas City court has convicted a househelp of theft for allegedly stealing her employer’s cell phone although she insisted that she only borrowed the cell phone for a few hours. (Tue, 23 Sep 2008 14:24:09 GMT)

All eyes on payday lending struggle
COLUMBUS (AP) - The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates. Discuss this Story with Others Click Here (Tue, 23 Sep 2008 14:45:19 GMT)

Thieves try to steal cash from Amherst business
Two men tried to steal cash from the register of an Amherst business Sunday night, police said. The Amherst County Sheriff’s Office is investigating the burglary at the Triangle Market on Wright Shop Road in Madison Heights. (Tue, 23 Sep 2008 15:29:01 GMT)

The Economy: Gov't prepared to advance 2009 foreign borrowings
THE GOVERNMENT could tap the foreign market in the last quarter for its financing requirements next year, in preparation for a worse impact from the crisis now gripping the US financial system, National Treasurer Roberto B. Tan said yesterday. (Tue, 23 Sep 2008 15:51:01 GMT)

Payday Loan Ad War Rages On
The debate over payday loans continues to play out on television with a new pro-Payday ad warning about the government controlling people’s money. But anti-Payday loan groups are countering with new endorsements. (Tue, 23 Sep 2008 16:30:32 GMT)

AZ payday loan initiative draws nationwide attention
The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates. (Tue, 23 Sep 2008 18:08:48 GMT)

Arizona, Ohio payday loan battleground states
COLUMBUS, Ohio — The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates. (Tue, 23 Sep 2008 19:43:48 GMT)

All eyes on payday lending struggle in Ariz., Ohio
A total of 15 states and the District of Columbia have already adopted laws cracking down on payday lending. (Tue, 23 Sep 2008 21:07:07 GMT)

Advance America Announces the Closing of 39 Centers
Advance America, Cash Advance Centers, Inc. today announced that it will close all 30 Centers it operates in Arkansas. (Tue, 23 Sep 2008 22:00:00 GMT)

UPDATED: Payday Lender Advance America Says It Will Shut Down in Arkansas
Advance America, the largest payday loan provider in Arkansas, said Tuesday it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans. (Tue, 23 Sep 2008 22:37:46 GMT)

Large Ark. Payday Lender Says It Will Shut Down
Advance America says it will close its 30 cash advance stores in Arkansas because of lawsuits threatened by the state's attorney general. (Tue, 23 Sep 2008 23:09:48 GMT)

Largest Ark. payday lender says it will shut down
LITTLE ROCK -- Advance America says it will close its 30 cash advance stores in Arkansas because of the threat of lawsuits by the state's attorney general. (Tue, 23 Sep 2008 23:22:30 GMT)

Payday industry falls short in Ohio
COLUMBUS, Ohio (AP) — The payday loan industry has struck out in its initial bid to repeal Ohio’s new law cracking down on how much interest it can charge customers. (Wed, 24 Sep 2008 01:08:01 GMT)

Largest Ark. payday lender says it will shut down
LITTLE ROCK, Ark. - Advance America, the largest payday loan provider in Arkansas, said Tuesday it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans. (Wed, 24 Sep 2008 02:48:22 GMT)

Sparks don't blow it, advance to conference finals
A 14-point lead is reduced to three in the fourth quarter, but Parker's clutch basket helps give the Sparks a 2-1 victory in the first-round playoff series. San Antonio awaits in the conference finals. (Wed, 24 Sep 2008 04:00:49 GMT)

Sparks outlast Storm in Game 3 to advance
Candace Parker scored 20 points, including a key layup with 2 minutes left, and the Los Angeles Sparks advanced to the Western Conference finals with a 71-64 victory over the Seattle Storm on Tuesday night. Lisa Leslie added 15 points for the Sparks, who beat Seattle in the first round two years ago in their last postseason appearance. Los Angeles will host San Antonio in Game 1 of the Western ... (Wed, 24 Sep 2008 04:01:25 GMT)

LA Sparks advance to WNBA West finals
SEATTLE — Candace Parker scored 20 points, including a key layup with 2 minutes left, and the Los Angeles Sparks advanced to the Western Conference finals with a 71-64 victory over the Seattle Storm on Tuesday night. (Wed, 24 Sep 2008 04:07:20 GMT)

Shoppers saving Christmas cash
CAUTIOUS customers are putting aside Christmas cash more than a year in advance as the economy turns sour, voucher and savings club Park said yesterday. (Wed, 24 Sep 2008 06:29:35 GMT)

Advance America Closes All 30 Outlets In Arkansas
Advance America Closes All 30 Outlets In Arkansas (Wed, 24 Sep 2008 09:06:36 GMT)

Payday loan industry's anti-ban petitions fall short
The payday loan industry has struck out in its initial bid to repeal Ohio's new law cracking down on how much interest it can charge customers. (Wed, 24 Sep 2008 09:38:59 GMT)

School board needs $500G advance to balance shortfall
To help balance a temporary budget shortfall, the school board is asking township officials for a $500,000 advance on its monthly tax revenue payments. (Wed, 24 Sep 2008 10:20:59 GMT)

Payday issue can't make ballot yet
Opponents of a new state payday-lending law have fallen short of the number of valid signatures needed to put the referendum on the ballot, Secretary of State Jennifer Brunner ruled yesterday. (Wed, 24 Sep 2008 11:32:58 GMT)

Most European Stocks, U.S. Futures Gain; Goldman, UBS Advance
Sept. 24 (Bloomberg) -- Most stocks in Europe and U.S. index futures gained as Warren Buffett 's investment in Goldman Sachs Group Inc. lifted financial companies, overshadowing declines among automakers on higher oil prices. Asian bank shares rose. (Wed, 24 Sep 2008 13:23:36 GMT)

Largest Ark. payday lender says it will shut down
LITTLE ROCK Advance America, the largest payday loan provider in Arkansas, said Tuesday it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans. (Wed, 24 Sep 2008 14:20:54 GMT)

Stocks fail to sustain advance on Buffett-Goldman
Financial markets turned lower again Wednesday, with stocks mostly declining after a short-lived pop on investor Warren Buffett's decision to invest $5 billion in Goldman Sachs Group Inc. The credit markets showed added strain as investors await news about the government's plan to rescue banks from crippling debt. (Wed, 24 Sep 2008 14:35:28 GMT)

Libor Jumps as Banks Seek Cash to Shore Up Finances (Update2)
Sept. 24 (Bloomberg) -- Money-market interest rates increased as banks sought to bolster balance sheets amid deepening concern a bailout of financial institutions won't happen quickly enough to ease short-term funding constraints. (Wed, 24 Sep 2008 15:23:54 GMT)

Largest Ark. payday lender says it will shut down
(AP:LITTLE ROCK, Ark.) Advance America, the largest payday loan provider in Arkansas, said it will shut down its stores in the state because of the attorney general's threat of lawsuits over its high-interest loans. (Wed, 24 Sep 2008 15:34:59 GMT)

Regulations lead Advance America to close stores in Arkansas
Advance America, Cash Advance Centers Inc. said today it will close all 30 centers it operates in Arkansas. (Wed, 24 Sep 2008 18:34:54 GMT)

Bank of the Carolinas Corporation Declares Cash Dividend
Bank of the Carolinas Corporation announced today that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on October 22, 2008, to shareholders of record on October 8, 2008. (Wed, 24 Sep 2008 19:29:00 GMT)

Florida Scorpions indoor football team looking for players, tryouts this Saturday
Registration fees are $50 in advance or $60 on the day of the event. Only cash or money orders made out to Florida Scorpions will be accepted (no checks or credit cards). Football cleats, no track cleats please. (Wed, 24 Sep 2008 22:42:31 GMT)

Advance America to close 30 centers in Arkansas
Advance America, Cash Advance Centers, a provider of payday cash advance services, has announced that it will close all 30 centers it operates in Arkansas, US. (Thu, 25 Sep 2008 00:35:24 GMT)

Beloit Police investigate armed robbery
The robbery occurred at National Cash Advance on Henry Ave. (Thu, 25 Sep 2008 00:57:34 GMT)

Advance America closing locations
Advance America, Cash Advance Centers, will close all 30 of its locations in Arkansas because of law curbing its payday-lending business. The Spartanburg company also has completed closing its nine locations in New Mexico after a state law placed limits on fees and interest charged. Advance America pulled out of Pennsylvania and Oregon last year because of laws that curbed payday loans. After ... (Thu, 25 Sep 2008 04:18:38 GMT)

Joliet's payday loan cap is not a first
Joliet isn't the first city to try to restrict the growth of payday loan stores. "Every week or so it seems that there's a town that considers a restriction on stores," said Steven Schlein, a spokesman for the payday loan industry. "Some of them succeed, and some of them don't." (Thu, 25 Sep 2008 05:20:32 GMT)

Beloit police release photo of armed robbery suspect
Images of a suspect in the National Cash Advance store robbery are now online. (Thu, 25 Sep 2008 15:13:34 GMT)

Advance America, payday lender, says it will shut down
LITTLE ROCK, Ark. (AP) - Advance America says it will close its 30 cash advance stores in Arkansas because of lawsuits threatened by the state's... (Thu, 25 Sep 2008 15:27:57 GMT)

Beloit Police Investigate National Cash Advance Robbery
Beloit police said they are searching for a man who robbed a National Cash Advance store Wednesday afternoon. (Thu, 25 Sep 2008 17:25:12 GMT)

Dysart Unified gets $9 million growth cash advance
The Dysart Unified School District has received a $9-million cash advance from the Arizona Department of Education to pay for growth expenses at the start of the school year. (Thu, 25 Sep 2008 18:22:05 GMT)

Beloit National Cash Advance Robbery
The National Cash Advance was robbed in Beloit yesterday. Police do have photos of the suspect. (Thu, 25 Sep 2008 18:36:00 GMT)

Beloit Cash Store Robbed
Beloit, WI- Beloit Police need your help catching an armed robber. Just after 1 Wednesday, a man walked into the National Cash Advance on Henry Avenue. (Thu, 25 Sep 2008 23:21:30 GMT)

Hermes Ends Requirement for Quarterly Rent in Advance, FT Says
Sept. 26 (Bloomberg) -- Hermes Pensions Management Ltd., one of the U.K.'s largest landlords, has broken ranks with the property industry by ending the requirement for its 2,000 tenants to pay quarterly rent in advance, the Financial Times reported. (Fri, 26 Sep 2008 01:55:12 GMT)

Committee OKs $500G advance for improvements
The Township Committee made the controversial decision Thursday to advance the school board $500,000 to pay for capital improvement costs that were supposed to be covered by a long-awaited $6 million windfall. (Fri, 26 Sep 2008 09:39:06 GMT)

Payday Loan Debate Heats Up in Columbus
The November election is still about 40 days away but already, advocates for and against that payday loan ballot issue are out on the streets, pushing their point of view. Yesterday, in Columbus alone, two groups with opposing views held dueling news conferences. (Fri, 26 Sep 2008 13:18:34 GMT)

SLC planners set payday-loan store rules
Planning bosses in Salt Lake City delivered a mixed message to the often usurious payday-lending industry: We won't restrict the number of stores in Utah's capital, but you no longer can cluster. (Fri, 26 Sep 2008 14:18:55 GMT)

TPG stuck with nothing after chasing payday
When David Bonderman, co-founder of TPG, led a group that invested $7bn in Washington Mutual earlier this year, he was taking a page out of a playbook developed during the US savings and loan (S&L) crisis of the 1980s and 1990s. (Fri, 26 Sep 2008 21:14:28 GMT)

Groups for and against payday loans hit the street
The November election is still about 40 days away....but already, advocates for and against that payday loan ballot issue are out on the streets, pushing their point of view. In fact, today (Thursday), in Columbus alone, 2 groups with opposing views held dueling news conferences. WKSU's Bill Cohen reports. (Fri, 26 Sep 2008 21:47:50 GMT)

Hermes to scrap quarterly rent in advance
One of the largest landlords in the UK has broken ranks with the property industry by agreeing to end the historic requirement to pay rent quarterly in advance for all its 2,000 tenants. (Sat, 27 Sep 2008 02:06:52 GMT)

Four arrested in North Knoxville robbery of bread truck driver
Four men face attempted aggravated robbery and aggravated robbery after the attempted robbery of a cash advance business and the robbery of a bread truck driver. (Sat, 27 Sep 2008 17:50:42 GMT)

W.Va. attorney general reaches settlement with payday lenders
Attorney General Darrell V. McGraw recently reached settlement agreements with dozens of "payday lenders," requiring them to refund more than $1.57 million to 6,096 West Virginians. (Sun, 28 Sep 2008 04:19:07 GMT)

Pawn shops, cash advance businesses benefiting from sour economy
Cash-strapped and with little relief in sight, some local consumers are trading in their goods and borrowing against futur... (Sun, 28 Sep 2008 06:51:49 GMT)

Consumer 10 Report: Some Web payday lenders yanking money back
Some Internet-based payday lenders are calling in Ohioans' loans, citing a new state law that they contend leaves them no other option. (Sun, 28 Sep 2008 09:53:03 GMT)

Stations Demand Retrans Cash
Some TV stations have already put demands for cash on the table in advance of the Oct. 1 federal deadline for broadcasters to tell cable operators whether they plan to negotiate retransmission-consent deals for carriage of their signals. (Sun, 28 Sep 2008 12:40:34 GMT)

Legislation to prohibit payment of unused govt sick leave introduced
Government employees will no longer be able to claim advance annual leave benefits or cash out their unused sick leave credits if a bill passes into law. (Sun, 28 Sep 2008 14:12:42 GMT)

Cash crunch hits market
Last Thursday’s expiry of the monthly contract saw the cost-of-carry for stock market traders shoot up to 18-24 per cent in many counters. This is a sharp jump from 10-15 per cent in the previous two months. (Sun, 28 Sep 2008 19:04:03 GMT)

Sun Country won't ask for more cash from Petters
The airline's CEO says it will continue its normal flight schedule and won't be affected by its owner's legal woes. (Mon, 29 Sep 2008 01:41:41 GMT)

Pulse
A spokesman for the payday loan industry told The Herald News last week that actions such as that taken recently by the Joliet City Council to limit the numbers of payday loan stores occur regularly but have "not been detrimental to the industry." (Mon, 29 Sep 2008 09:07:43 GMT)

Ann Fisher commentary: Reformed loan shark sinks teeth into Issue 5
I caught up with Shady Shark by telephone last week. I had to throw my cell phone at him to get his attention in the City Center pool, where he cooled his fins after appearing at a payday-loan industry event. (Mon, 29 Sep 2008 09:57:15 GMT)

India cash rates jump as debt sales drain funds
(Updates with quote, prices, repos) (Mon, 29 Sep 2008 10:17:48 GMT)

Cash America Announces Intent to Acquire Ownership in 100 Pawn Locations in Mexico
FORT WORTH, Texas----Cash America International, Inc. announced today that it has entered into a letter of intent to acquire an 80% ownership interest in a 100 store chain of pawnshops in Mexico. (Mon, 29 Sep 2008 11:00:00 GMT)

Cash America Announces Intent to Acquire Ownership in 100 Pawn Locations in Mexico
Cash America International, Inc. (NYSE: CSH) announced today that it has entered into a letter of intent to acquire an 80% ownership interest in a 100 store chain of pawnshops in Mexico. The transaction would allow Cash America to acquire what is believed to be the second largest privately owned pawn chain in Mexico through a majority purchase of the parent company which owns and operates the ... (Mon, 29 Sep 2008 11:17:06 GMT)

Cash America to buy Mexican pawnshop chain
Cash America International Inc. said Monday it will buy an 80 percent stake in a Mexican pawnshop chain for $90 million cash and performance-related payments. (Mon, 29 Sep 2008 13:43:46 GMT)

Ambrilia Prioritizes its Divestment Strategy and Takes Cost-Cutting Actions to Extend Cash
Ambrilia Biopharma Inc. today announced that it has elected to prioritize its divestment strategy of monetizing its clinical assets C2L and goserelin before year-end along with cost-cutting actions which result in a hold on its antiviral R&D activities, significant reduction in cash consumption and a 33% decrease in headcount. (Mon, 29 Sep 2008 19:00:00 GMT)

10 Tips to Survive a Cash Flow Crisis
For small business owners and entrepreneurs facing a cash flow crisis, it feels like the world is closing in. You're in trouble. You're not sure how you're going to meet payroll, much less other essential bills. (Mon, 29 Sep 2008 21:09:00 GMT)

Anti payday loan reformers play into economic fears by urging a 'no' vote - Eye on Ohio
THE AD: "No on Issue 5", 30-second television ad PRODUCER: Ohioans For Finacial Freedom, a group mostly sponsored by the payday loan industry. WHERE TO SEE IT: Television and by clicking here. RATING: 2 on a scale from 0 (misleading)... (Mon, 29 Sep 2008 23:07:02 GMT)

If the cash in your bank is FDIC insured, you can relax
Old photographs of Depression-era bank runs are popping up all over the place, and that raises a couple of questions. Why don't people wear hats anymore? And, more important, could this happen to your bank? (Tue, 30 Sep 2008 03:31:04 GMT)

Cash America buys stake in Mexico firm
Fort Worth-based Cash America International Inc., the world's largest pawnshop operator, said it will spend $90 million for an 80 percent interest in Prenda Facil, the owner of 100 similar stores in Mexico. (Tue, 30 Sep 2008 03:49:56 GMT)

Tech Stocks: Apple, Intel, RIM lead tech sector advance
Technology stocks strengthen as trading progresses, rebounding slightly from the prior session's losses that resulted from the U.S. House of Representatives rejecting the $700 billion financial-services bailout package. (Tue, 30 Sep 2008 14:28:37 GMT)

Cashing in
Advance Newspapers It's the time of year again when East Grand Rapids Middle School students need help raising funds. Their annual magazine sale got off to a big start last week when they got a chance to draw for cash as an incentive to work hard. (Tue, 30 Sep 2008 15:46:48 GMT)

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