Cash Advance News Oct 2008

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Payday loans Q&A
The Department of Planning & Growth Management has been working since June on an ordinance regulating convenience cash businesses, such as payday and title loan shops. We asked Pat Landes, the director of the department, some questions regarding the issue. (Wed, 01 Oct 2008 02:40:14 GMT)

City looks to prevent clusters of quick-cash stores
A clustering of payday, title and other "convenience cash stores" in Peoria has resulted in the city pushing for new zoning restrictions on where these new loan businesses can locate. (Wed, 01 Oct 2008 02:55:05 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? (Wed, 01 Oct 2008 03:59:35 GMT)

Ad watch: Payday loan's "No on Issue 5" spot
The ad: "No on Issue 5," a (Wed, 01 Oct 2008 11:56:54 GMT)

Wapakoneta Cash Advance Clerk Robbed
Police in Wapakoneta are still on the lookout for a gunman who robbed and bound the lone clerk at the America Cash Advance office on Bellefontaine Street Tuesday afternoon. (Wed, 01 Oct 2008 12:39:16 GMT)

Airline Stocks: Airlines leap, United raises $275 million
Airline stocks nosed higher, with merger partners Delta and Northwest leading the advance, while United tilts down after announcing recent cash raising. (Wed, 01 Oct 2008 14:44:20 GMT)

Payday-lending supporters file additional 218,000 signatures
A payday lending coalition pushing to block new industry regulations today filed an additional 218,855 signatures, making it likely the referendum will qualify for the November ballot. (Wed, 01 Oct 2008 15:56:44 GMT)

Payday lenders turn in more signatures to get on statewide ballot Nov. 4
COLUMBUS -- Payday lenders made their final push for the Ohio ballot, dropping off more than 200,000 additional signatures in hopes of qualifying a November ballot issue aimed at overturning government regulations. Kim Norris, a spokeswoman for Ohioans for Financial... (Wed, 01 Oct 2008 16:38:55 GMT)

Cash store robbed
By KAREN CAMPBELL Staff Writer A man with a gun robbed a Wapakoneta cash advance outlet early Tuesday afternoon before forcing the cashier into a back room where he tied the woman up so he could make his escape. (Wed, 01 Oct 2008 17:09:23 GMT)

Financially Desperate People Turning to Payday Loans
While some businesses are closing their doors, payday loan stores are thriving in these tough economic times. People are using the fast cash approach to pay bills, buy food, even make their house payment. (Wed, 01 Oct 2008 22:54:16 GMT)

As Cash Leaves, Money Funds Sign Up for U.S. Protection
Some of the nation?s largest mutual fund companies have requested protection from the U.S. government, but the money is still flowing out of the funds, threatening short-term credit. (Wed, 01 Oct 2008 23:48:19 GMT)

As cash leaves, money funds sign up for U.S. protection
Some of the largest U.S. mutual fund companies have requested protection from the U.S. government, but the money is still flowing out of the funds, threatening short-term credit. (Thu, 02 Oct 2008 01:12:29 GMT)

City Employees Steals $240,000, Replaces It Before Being Noticed
PORT ORANGE, Fla. -- A Port Orange city employee, who was trusted to manage the city's money, apparently couldn't manage her own. Lori Weiss was arrested for allegedly using the city's bank deposits as her own personal cash advance store. (Thu, 02 Oct 2008 01:23:17 GMT)

Voters likely to decide payday issue
Ohio voters will likely vote on state payday lending legislation after a committee to reject the law submitted nearly 219,000 signatures yesterday to put the issue on the ballot. The Committee to Reject House Bill 545, also known as Ohioans for Financial Freedom, needed to file 55,635 valid signatures to put Issue 5 on the November ballot after a controversial petition process in which ... (Thu, 02 Oct 2008 03:46:24 GMT)

Payday lending proponents hoping new signatures will get issue on Nov. 4 ballot
COLUMBUS -- Payday lending proponents submitted nearly 220,000 additional signatures to the Secretary of State Wednesday, with hopes of solidifying their November ballot issue. (Thu, 02 Oct 2008 03:59:53 GMT)

Critics call Prop. 200 a trap, not payday loan reform
Would you knowingly take out a loan with a potential 391 percent annual interest rate that included allowing the lender to electronically raid your bank account for payment? (Thu, 02 Oct 2008 07:13:04 GMT)

Payday loans likely on ballot
A coalition pushing to block new regulations for the payday-lending industry filed an additional 218,855 signatures yesterday, making it likely the referendum will qualify for the November ballot. (Thu, 02 Oct 2008 08:27:45 GMT)

As Cash Leaves, Money Funds Sign Up for U.S. Protection
Less than a week after the Treasury Department announced its ad hoc insurance program for money market funds, some of the nation’s largest mutual fund companies have already announced that they are signing up for coverage, The New York Times’s Diana B. Henriques reported. (Thu, 02 Oct 2008 11:16:52 GMT)

Microchip Technology and ON Semiconductor Propose to Acquire Atmel for $5.00 Per Share in Cash
CHANDLER, Ariz. & PHOENIX----Microchip Technology Incorporated and ON Semiconductor Corporation today announced that they have sent a proposal to the Board of Directors of Atmel Corporation to acquire Atmel for $5.00 per share in cash. (Thu, 02 Oct 2008 11:30:00 GMT)

Cash store robbed after gunman threatens to shoot clerk
CANTON A man with a gun told the clerk at a money store that he'd shoot her if she sounded the alarm. Canton Police reports said the gunman made the threat about 10:05 a.m. Wednesday when he robbed the First American Cash Advance store at 4313 Tuscarawas St. W of an undisclosed sum of money. (Thu, 02 Oct 2008 13:56:02 GMT)

Asian Money Market Rates Advance Amid Global Credit Squeeze
Oct. 3 (Bloomberg) -- Australian borrowing costs rose and dollar deposit rates reached the highest in more than a year, adding to speculation a global credit freeze will hurt business and consumer spending. (Fri, 03 Oct 2008 04:12:57 GMT)

Lawmaker's loan piques interest of ethics group
ATLANTA - State ethics investigators are asking permission to delve into the dealings of former Denver Bronco-turned-lobbyist Willie Green over an $80,000 loan he made to disgraced state Rep. Ron Sailor ahead of a key vote on a payday lending bill last year. (Fri, 03 Oct 2008 04:44:33 GMT)

Asian Money Market Rates Advance on Bank Collapse Concerns
Oct. 3 (Bloomberg) -- Asian banks' borrowing costs rose to the highest levels in nine months or more after the collapse of lenders in the U.S. and Europe deepened a global credit freeze. (Fri, 03 Oct 2008 05:52:16 GMT)

Regulator Data Contradicts Center for Responsible Lending Payday Lending Reports
The Center for Responsible Lending in their September 16, 2008 CRL Report 'High Cost Payday Lending Traps Arizona Borrowers' misinterprets statistics published by Veritec as part of our contractual agreements with various state agencies," said Thomas Reinheimer, CEO of Veritec Solutions LLC of Jacksonville, Florida. (Fri, 03 Oct 2008 12:00:00 GMT)

Schwarzenegger to U.S.: State may need $7-billion loan
In a letter obtained by The Times, the governor warns that tight credit has dried up funds California routinely relies on and it may have to seek emergency aid within weeks. California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the ... (Fri, 03 Oct 2008 13:47:45 GMT)

B.C. Liberal's work for payday loan firm wasn't lobbying, company says
Patrick Kinsella was hired last year to help firm gain access to a B.C. cabinet minister (Fri, 03 Oct 2008 14:08:22 GMT)

Bank of Canada to double amount of liquidity ops
The Bank of Canada moved to calm markets on Friday by more than doubling the amount of cash it plans to add to the financial system to C$20 billion ($18.5 billion) from a previously announced C$8 billion, to help lenders deal with the fallout from the U.S. financial crisis. (Fri, 03 Oct 2008 16:30:00 GMT)

California may need emergency $7bn loan
SACRAMENTO, Oct 3 -- California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks. (Fri, 03 Oct 2008 16:30:41 GMT)

Wanted: Detectives Seek Suspect In Cash Advance Robbery
Akron, OH - Detectives need help in identifying the suspect responsible for the robbery of the First American Cash Advance last month. (Fri, 03 Oct 2008 18:13:30 GMT)

Schellenberg advances at ITA All-American Championships
UT junior Rook Schellenberg will take on Florida's Dan Cash on Saturday at the ITA All-American Championships. TULSA, Okla. -- Texas junior Rook Schellenberg posted a straight-set victory to advance to the pre-qualifying singles round of 128 Friday afternoon at the ITA All-American Championships. (Fri, 03 Oct 2008 21:45:01 GMT)

Questions of Cash: 'I had to pay delivery costs for a sofa I don't want'
Q . I ordered a leather sofa from English Sofas, which was ripped during delivery. This was spotted by the delivery workers, who took the goods directly back to the suppliers. I cancelled the order because if the sofa is so easily ripped in transit, it will not cope with my grandchildren playing on it. I paid in advance by credit card and the cost of the sofa was credited to my account. But ... (Fri, 03 Oct 2008 23:10:32 GMT)

"Easy Money" hits dramatic pay dirt
There's nothing illegal about all those payday loan shops that have sprung up in recent years, but there's something that's not quite kosher about them. (Sat, 04 Oct 2008 02:55:09 GMT)

Electric cars all the rage in Paris
As the race to offer the first commercially viable electric car charges up, automakers hoping to cash in on environmental concerns displayed a slew of models at the Paris Motor Show on Friday. But executives acknowledged that uncertainties linger over the batteries needed to power them. Technology needs to advance to meet cost and weight requirements, and infrastructure to recharge them is ... (Sat, 04 Oct 2008 04:04:24 GMT)

Fair costs families, but it's no cash cow
TOPSFIELD and mdash; The nation's oldest agricultural fair may have a lot of cows and plenty of fried dough, but it is no cash cow and mdash; and it is not rolling in dough, general manager James O'Brien says. (Sat, 04 Oct 2008 04:50:33 GMT)

Lehman Cash Crunch Caused by Lender JPMorgan, Creditors Say
Oct. 4 (Bloomberg) -- Lehman Brothers Holdings Inc. 's main lender and clearing agent, JPMorgan Chase & Co. , caused the liquidity crisis that led to Lehman's collapse, creditors said. (Sat, 04 Oct 2008 04:52:19 GMT)

Advisers: Fast-cash fix should be last resort
Strapped consumers may be looking to less-than-perfect solutions in this less-than-perfect financial environment. (Sat, 04 Oct 2008 13:57:09 GMT)

Gun wielding robbery suspect hunted by WF Police
Wichita Falls police also need your help looking for an armed robber. Just after 6 Friday night a man walked into Car Title and Payday Loan on Southwest Parkway. (Sun, 05 Oct 2008 00:44:13 GMT)

Payday loan show on The CW generates some real interest
Valentine, 8-9 p.m. Sunday, The CW Easy Money, 9-10 p.m. Sunday, The CW The economy is worse than we thought. Even The CW is shoving aside its teenaged psalms to Jimmy Choo and Marc Jacobs for shows about loan sharks and outsourced deities. Next I'm afraid we'll see Henry Paulson on TV announcing that the Treasury Department has seized Gossip Girl and offering a reverse auction for Serena and ... (Sun, 05 Oct 2008 08:12:46 GMT)

Ringette club scores first bundle of cash from city events fund
The Sault Ringette Club will be the first recipient of funding from the city's conferences and major special events committee. City council will be [...] (Sun, 05 Oct 2008 11:17:50 GMT)

10/5/2008 8:56:00 AM Barron's Speaking Of Dividends: Cash Amid The Rubble
, despite big negative announcements by two companies. Barron's statistics director, Peter Miller, ferreted out four dividend boosts among the 30 Dow industrials, but none of them will be paid until the fourthquarter. (Sun, 05 Oct 2008 14:07:26 GMT)

'We have cash to lend,' many small banks proclaim
The troubles of Wall Street have led many on Main Street to believe that all banks will stop lending, a move that would squeeze businesses and individuals into a recession or complete economic collapse. ... - By ALBERT McKEON Staff Writer (Mon, 06 Oct 2008 05:16:40 GMT)

50 Plus
To have an event listed in this calendar, e-mail the details at least two weeks in advance of the event or registration deadline to nbrcalendar@dailyherald.com. Please put "50 Plus" in the subject line. (Mon, 06 Oct 2008 05:39:12 GMT)

Adult social calendar
To have an event listed in this calendar, e-mail the details at least two weeks in advance of the event or registration deadline to nbrcalendar@dailyherald.com. Please put "Adult social" in the subject line. (Mon, 06 Oct 2008 05:39:22 GMT)

Eli Lilly to acquire ImClone for $6.5 billion
Eli Lilly & Co. says it will buy cancer-drug developer ImClone Systems for $70 a share, or about $6.5 billion, in an all-cash deal that is not subject to any financing conditions. (Mon, 06 Oct 2008 12:13:27 GMT)

(AFX UK Focus) 2008-10-06 15:19 Vattenfall says buys UK wind power firm
STOCKHOLM, Oct 6 (Reuters) - Swedish power group Vattenfall said on Monday it had bought AMEC Wind Energy Ltd, a British developer of commerical wind farms for 126.6 million pounds ($222 million) cash. "This move positions Vattenfall to further expand its presence in the UK market and to advance its efforts to make electricity clean by reducing emissions from electricity production and to ... (Mon, 06 Oct 2008 14:32:46 GMT)

Payday lending banking on voters
Come November, Ohio voters will be asked to vote on Issue 5, commonly known as the payday lending bill, signed... (Mon, 06 Oct 2008 14:54:09 GMT)

Seminar aims to help farmers saving cash
Allegan County producers can learn about fuel, fertilizer, and irrigation efficiency at a seminar on Wednesday, Oct. 8. The seminar will be held from 9 a.m. to noon at Leduc's Lazy L Equestrian Facility, 31201 29th St., in Paw Paw. (Mon, 06 Oct 2008 15:16:50 GMT)

Electric cars shine at Paris auto show
As the race to offer the first commercially viable electric car charges up, automakers hoping to cash in on environmental concerns displayed a slew of models at the Paris Motor Show on Friday. (Mon, 06 Oct 2008 15:35:12 GMT)

Amar Singh declared not guilty in cash-for-vote scam
New Delhi, Oct 6 :: The Parliamentary Committee investigating the cash-for-votes scam against Samajwadi Party leader Amar Singh, has in its report said that there is no clinching evidence against him. (Mon, 06 Oct 2008 16:52:37 GMT)

Authorities search for robber of check cashing business
Investigators with the Madison County Sheriff's Office are looking for a suspect who robbed a 'Fast Cash Check Advance'. (Mon, 06 Oct 2008 17:49:52 GMT)

Poniard draws down second $10 million tranche in a month
Poniard Pharmaceuticals Inc. will take a $10 million cash advance — its second in five weeks — from a line of credit it secured early last month. (PARD) (Mon, 06 Oct 2008 18:23:29 GMT)

Banks get more cash in hand
Mumbai, Oct. 6: The Reserve Bank of India today surprised the financial markets by slashing the cash reserve ratio (CRR) by half a percentage point to 8.5 per cent. (Mon, 06 Oct 2008 21:47:43 GMT)

Russky Standart Caps Cash Advances
07 October 2008 Tremors from the global financial-sector earthquake are beginning to reach Russian consumers as the country's retail banks begin to impose limits on credit card cash advances. (Mon, 06 Oct 2008 21:50:28 GMT)

Proposition 200: Payday loan reform act
Supporters call Proposition 200 the "Payday loan reform act," but in reality it is the payday loan extension act, since today's state law will terminate all Arizona payday loan licenses on July 1, 2010. (Mon, 06 Oct 2008 22:03:14 GMT)

Scalise collects cash with Cheney appearance
Vice President Dick Cheney flew into town Monday to headline a political fundraiser for U.S. Rep. Steve Scalise, the Jefferson Republican hoping to win his first full term as 1st District congressman on Nov. 4. (Mon, 06 Oct 2008 23:05:41 GMT)

Police are looking for a Fast Cash Check Advance Robber
The hunt is on for the person who robbed a woman at gunpoint Monday morning. (Tue, 07 Oct 2008 02:20:22 GMT)

Payday lenders helped by Ohio Christian Alliance
Breaking from many other Ohio religious leaders, the Ohio Christian Alliance is siding with the payday-lending industry, urging voters to reject State Issue 5. (Tue, 07 Oct 2008 02:22:20 GMT)

Smash-4-Cash event will raise funds for troops
HAMPTON -- The Jersey Rydes Car Club will hold a "Smash-4-Cash" event from 9 a.m. to 6 p.m. Saturday at Advance Auto Parts, 66 Hampton House Road/Route 206 to raise money for U.S. troops in Iraq. (Tue, 07 Oct 2008 04:21:21 GMT)

Indian Bonds Advance After Central Bank Cuts Cash Reserve Ratio
Oct. 7 (Bloomberg) -- India's 10-year bonds gained for a fourth day, pushing yields to a five-month low, after the central bank unexpectedly announced measures to ease the supply of funds in the banking system. (Tue, 07 Oct 2008 04:41:57 GMT)

Prop 200: Pay Day Loan Reform Act
Proposition 200 is titled "Pay Day Reform Act." It lowers fees and contains provisions designed to prevent people from getting more in debt. But opponents say it doesn't reform the industry as much as legalize it. KJZZ's Paul Atkinson reports. Reform AZ Payday Loans (PRO) No on 200 (CON) Legislative Council Ballot Measure Analysis Campaign Finance Reports (PRO) ... (Tue, 07 Oct 2008 04:42:44 GMT)

Fast growth of payday stores in Utah cools
As more Utah cities limit the numbers of "payday loan" stores which offer two-week loans, or until the next payday, for about 500 percent annual interest the once-explosive growth in that industry has cooled here. (Tue, 07 Oct 2008 06:07:07 GMT)

New Technology Frees Small Business Cash Advances from Credit Card Processors
Small business can now seek advantages of dealing with a third party and are no longer tied to their credit card processor for unsecured cash advances. (Tue, 07 Oct 2008 09:06:42 GMT)

Payday loan companies face vote
Payday loan companies have nearly 650 stores and employ 2,500 employees within Arizona. After the November elections, that could all change. (Tue, 07 Oct 2008 09:55:32 GMT)

Russky Standart Caps Cash Advances
07 October 2008 By Jessica Bachman / Staff Writer Tremors from the global financial-sector earthquake are beginning to reach Russian consumers as the country's retail banks begin to impose limits on credit card cash advances. (Tue, 07 Oct 2008 11:06:46 GMT)

FastUpFront New Technology Frees Small Business Cash Advances from Credit Card Processors
CLIFTON, N.J.----FastUpFront introduces a new technology that provides small business to qualify for unsecured cash advance loans. Traditionally, these loans were only available from the business's credit card processor, making these companies vulnerable to inflated costs, bad service and refusal. (Tue, 07 Oct 2008 13:06:00 GMT)

Analysis: Growth of payday lenders slows
The growth of payday loan stores, which offer two-week loans for about 500 percent annual interest, has slowed in the past two years. (Tue, 07 Oct 2008 15:08:35 GMT)

U.S. Stocks Advance on Fed's Plan to Purchase Commercial Paper
Oct. 7 (Bloomberg) -- U.S. stocks gained for the first time in five days after the Federal Reserve said it will purchase short-term corporate debt to help unfreeze credit markets. (Tue, 07 Oct 2008 15:14:42 GMT)

Central banks step up year-end funding to fight squeeze
The US Federal Reserve and four other central banks announced plans Tuesday for coordinated efforts to get funding for year-end cash needs into the global banking system strained by a worldwide credit crunch. (Tue, 07 Oct 2008 16:49:57 GMT)

Analysis: Growth of Payday Lenders Slows
The growth of payday loan stores, which offer two-week loans for about 500 percent annual interest, slowed in the state the past two years. The number of payday loan stores grew by 5 percent in Utah this year, up to 399 from 380, according to a Deseret News analysis of data from the Utah Department of Financial Institutions. Another 65 payday lenders based outside the state are registered to ... (Tue, 07 Oct 2008 18:04:53 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. (Wed, 08 Oct 2008 01:00:04 GMT)

Desperate San Diegans Turning To Payday Loans
San Diegans hit hard by the economic turmoil are desperate to find ways to keep their heads above water financially. The need for fast cash has led many borrowers to take advantage of payday loans, but predatory lending could leave you worse off in the end. (Wed, 08 Oct 2008 01:13:28 GMT)

Muskegon County working to ease cash flow bottleneck for drug enforcement team
Funding that helps keep illegal drugs off West Michigan streets is entangled in Michigan's courts, leaving a regional narcotics unit short on cash. Forfeiture Funds — cars and other valuables seized in drug raids — that help fund the unit... (Wed, 08 Oct 2008 04:30:45 GMT)

Armed robber victimizes cash advance business
LIMA - An armed man took off with an undisclosed amount of money after a robbery Tuesday afternoon on Elida Road. (Wed, 08 Oct 2008 13:32:27 GMT)

GCA, Leading Provider of Cash Access Services in Casinos, Signs 20 Additional International Clients
LAS VEGAS----Global Cash Access Holdings, Inc. announced that GCA, a wholly owned subsidiary, recently signed agreements to provide state-of-the-art cash access services to patrons at 20 additional international casino properties, continuing GCA's global expansion strategy. (Wed, 08 Oct 2008 14:06:00 GMT)

HS golf: Three locals advance to state qualifiers
ALTAMONT - For Tuesday's round of golf for the 43 Section II golfers that advances out of divisional play it was go low, or go home. (Wed, 08 Oct 2008 15:21:47 GMT)

Ohio AGs line up against payday loan industry
Two former Ohio attorneys general and two current candidates for the job have come together to oppose an effort to repeal a strict payday lending law. (Wed, 08 Oct 2008 17:10:13 GMT)

Symantec Makes Aggressive $695m Bet on SaaS
Symantec is buying MessageLabs, the privately held online messaging and messaging security house, for about $695 million in cash, a mix of pounds and dollars, to advance its position in Software-as-a-Service (SaaS). Symantec intends to pair MessageLabs with its own fledgling SaaS platform, the Symantec Protection Network, with its Online Backup, Online Storage for Backup Exec and Online Remote ... (Wed, 08 Oct 2008 18:13:34 GMT)

GCA, Leading Provider of Cash Access Services in Casinos, Signs 20 Additional International Clients
Global Cash Access Holdings, Inc. (NYSE:GCA) announced that GCA, a wholly owned subsidiary, recently signed agreements to provide state-of-the-art cash access services to patrons at 20 additional international casino properties, continuing GCA's global expansion strategy. (Wed, 08 Oct 2008 18:35:13 GMT)

Richland Joins City in Mulling Limits on Payday Lenders
In an effort to limit the number of payday lenders in Richland County, the county’s Planning Commission on Oct. 6 began writing a restrictive land-use ordinance modeled after regulations the City of Columbia is weighing. (Wed, 08 Oct 2008 19:36:43 GMT)

'NHL 09' first star in hockey franchise
In the world of sports video games, not much can really change year to year. The game at its core is the same, but it's what video-game developers add that makes it worth spending the cash. (Wed, 08 Oct 2008 21:19:29 GMT)

Tokyo Stocks Reverse Losses To Advance, Sydney Extends Drop
Tokyo Stocks Reverse Losses To Advance, Sydney Extends Drop (Thu, 09 Oct 2008 01:49:21 GMT)

Councilman looks to crack down on title loan companies
In the tough economic times, some people are turning to pay-day loan agencies to make ends meet. But Memphis City Councilman Bill Morrison has a plan to keep them from becoming a fast growing problem. (Thu, 09 Oct 2008 02:08:19 GMT)

$1 million advance OK'd for hospital district
Most Inland hospitals have received some Medi-Cal payments, which had been delayed at least two months during this summer's state budget impasse. (Thu, 09 Oct 2008 02:38:32 GMT)

Payday Loan Customers Fall Deeper Into Debt
As the government scrambles to free up credit markets, some homeowners are extremely desperate for cash. They are turning to payday loans, only to find themselves falling deeper into debt. (Thu, 09 Oct 2008 02:42:49 GMT)

Mayor asked over P6M cash advances
With unliquidated cash advances in Mandaue City Hall past the P6 million mark, the City Council is urging Mayor Jonas Cortes to prod officials and employees to liquidate their expenses. (Thu, 09 Oct 2008 06:49:06 GMT)

Ohio attorneys general back limit on payday loans
Calling payday lenders' tactics greedy, their campaign deceptive, and their existence harmful to Ohio's economy, three former Ohio attorneys general and two aspiring ones are urging Ohioans to give a swift kick to the lenders by voting "yes" on state Issue 5. (Thu, 09 Oct 2008 08:26:44 GMT)

Deputies Investigate Payday Loan Shooting
YORK COUNTY, S.C. -- Deputies in York County were back out Thursday morning to search for a group of robbers who shot and killed a clerk Wednesday night. (Thu, 09 Oct 2008 10:50:55 GMT)

US Cash Hogs Pre-Open: Weak To $1 Lower On Pork Slide
KANSAS CITY (Dow Jones)--The early calls for cash hog prices Thursday are weak to mostly $1 per hundredweight lower following a sharp break in wholesale pork prices Wednesday afternoon. (Thu, 09 Oct 2008 13:09:58 GMT)

U.S. Stock-Index Futures Climb; IBM, Intel, AIG Shares Advance
Oct. 9 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor's 500 Index may rebound from a six-day drop, as International Business Machines Corp. (Thu, 09 Oct 2008 13:33:08 GMT)

Commissioners can’t agree on whether to support or oppose payday loan reform
Commissioners can’t agree on whether to support or oppose payday loan reform (Thu, 09 Oct 2008 13:53:04 GMT)

Global Stocks Climb as IBM, Dexia, BHP Advance; Yen Declines
Oct. 9 (Bloomberg) -- Stocks climbed around the world after a five-day tumble sent the MSCI World Index to its cheapest level in more than a decade and International Business Machines Corp. (Thu, 09 Oct 2008 13:59:33 GMT)

Bolingbrook Ex-Con Gets 30-Year Prison Term for Robberies
WHEATON-- An ex-convict from Bolingbrook who is still awaiting trial on armed robbery charges in Will County has been sentenced to 30 years in prison in connection with two holdups of a cash advance service in Lombard. (Thu, 09 Oct 2008 14:20:30 GMT)

Ark. down to just 33 payday lenders, study says
The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state's top attorney threatened legal action over their high-interest loans, a new study says. (Thu, 09 Oct 2008 15:50:12 GMT)

Study says just 33 payday lenders remain in Arkansas
Attorney General Dustin McDaniel sent a cease-and-desist letter to payday loan outlets in March. (Thu, 09 Oct 2008 16:17:51 GMT)

Resident tells downside of payday loans
It's an embarrassing tale to tell. But if it keeps just one person from turning to payday loans, ... (Fri, 10 Oct 2008 04:07:53 GMT)

The best ways to raise cash fast
If you need to get your hands on some money, be wise in how you do it. Here are the options that will cause you the least pain, plus a couple sources you should never tap. (Fri, 10 Oct 2008 04:10:07 GMT)

Mandaue exec justifies cash advances
Mandaue City Administrator Briccio Joseph Boholst yesterday justified the practice of allowing city officials and personnel to avail of cash advances to provide “a fast (and) responsive delivery of services” to city residents. (Fri, 10 Oct 2008 07:36:32 GMT)

Wincor Nixdorf Full-Year Sales Advance 8%, CEO Heidloff Says
Oct. 10 (Bloomberg) -- Wincor Nixdorf AG , the world's second-biggest maker of automated teller machines, said sales growth reached the upper end of its forecast range, Chief Executive Officer Eckard Heidloff said in an interview. (Fri, 10 Oct 2008 08:47:15 GMT)

Robber gets 30-year prison term for Lombard incident
An ex-convict has been sentenced to 30 years in prison in connection with two holdups of a cash advance service in Lombard. (Fri, 10 Oct 2008 09:21:29 GMT)

Convicted felon awaits trial on area robbery
-- WHEATON -- An ex-convict from Bolingbrook who is still awaiting trial on armed robbery charges in Will County has been sentenced to 30 years in prison in connection with two holdups of a cash advance service in Lombard. (Fri, 10 Oct 2008 09:40:54 GMT)

Local briefs: Cash Express theft; TennCare Fraud; 'Runway' winners; Road closed; Bredesen
An employee of a Jackson cash-advance business is charged with theft and filing a false police report. (Fri, 10 Oct 2008 10:26:46 GMT)

Study: Arkansas down to just 33 payday lenders
LITTLE ROCK—The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state’s top attorney threatened legal action over their high-interest loans, a new study says. (Fri, 10 Oct 2008 13:05:40 GMT)

Why Does AIG Need So Much Cash From the Fed? (Update)
AIG is frozen out of the credit markets. Without the Fed's latest cash infusion, the insurer would almost certainly have to return, cap in hand, to the Treasury. (Fri, 10 Oct 2008 15:57:05 GMT)

US stocks extend huge losses over credit concerns
Wall Street seesawed Friday, with the Dow Jones industrials spinning from an early loss of nearly 700 points to a modest late-day advance while investors looked for bargains after eight straight days of massive losses. (Fri, 10 Oct 2008 19:36:08 GMT)

State down to just 33 payday lenders, study says
By Andrew DeMillo Associated Press writer LITTLE ROCK (AP) — The number of payday lenders operating in Arkansas has dropped by about 86 percent since the state’s top attorney threatened legal action over their high-interest loans, a new study said. (Fri, 10 Oct 2008 22:49:51 GMT)

County Attorney warns residents about 'payday loans'
County Attorney Jose Rodriguez is warning Sun City residents to be careful when turning to "payday loans" for a quick cash injection during these hard economic times. (Sat, 11 Oct 2008 00:07:21 GMT)

Pay back
Payday loan companies stepping up marketing (Sat, 11 Oct 2008 00:18:55 GMT)

Pay back
Payday loan companies stepping up marketing (Sat, 11 Oct 2008 00:19:15 GMT)

Limits on loan stores coming before council again
After losing by a single vote the first time, supporters of limits on payday loan stores in Springfield believe they have enough aldermanic support to win approval on a second try as early as next month. (Sat, 11 Oct 2008 02:23:40 GMT)

US stocks extend huge losses over credit concerns
NEW YORK -- Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up some shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to an advance of more than 100 before turning sharply lower again, and the other major indexes fluctuated widely as ... (Sat, 11 Oct 2008 11:54:57 GMT)

UCA trustees work to boost reserves Board approves $3.6 million advance and $6 million credit line
Although Tom Courtway, interim president of the University of Central Arkansas, said the school's fiscal state is not the best, he said it is not yet at its worst, either. (Sat, 11 Oct 2008 15:21:02 GMT)

Cash-strapped Staten Islanders finding it hard to pay utilities
It was a group of regular Joes, by all accounts, who stood in line the other day at the National Grid service center, Mariners Harbor, holding their bills, waiting to speak with an agent to see about joining a... (Sat, 11 Oct 2008 20:07:09 GMT)

Credit crunch holding up funerals in Britain
Undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail on Sunday newspaper reported. (Sun, 12 Oct 2008 02:45:58 GMT)

Credit crunch holding up funerals in Britain
British undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail on Sunday newspaper reported. (Sun, 12 Oct 2008 03:06:48 GMT)

Payday lenders seeing upswing
It’s a Friday afternoon, and Ronald Salvador is rushing from work to pay off his loan. (Sun, 12 Oct 2008 05:43:18 GMT)

Credit crunch holding up funerals
Undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail on Sunday newspaper reported. (Sun, 12 Oct 2008 06:20:12 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, 12 Oct 2008 07:35:01 GMT)

Sides argue payday lending issue (videos)
NEWARK -- Is 391 percent interest too high? That question is the basis for a campaign in favor of the passage of Issue 5, which would reduce the amount payday lending establishments are allowed to charge from 391 percent to 28 percent annual interest. (Sun, 12 Oct 2008 10:57:41 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. (Sun, 12 Oct 2008 11:21:14 GMT)

Lost Coach Tours cash? Call Trading Standards
HOLIDAYMAKERS left out of pocket following the cancellation of two coach trips by a local company should contact Trading Standards. (09/10/2008 16:17:37) (Sun, 12 Oct 2008 14:08:36 GMT)

Akron paper urges "yes" on payday lending measure
AKRON, Ohio (AP) - The Akron Beacon Journal is urging its readers to vote "yes" on the statewide ballot issue that would uphold Ohio's new payday lending law, 1 of the strictest in the nation. (Sun, 12 Oct 2008 15:08:00 GMT)

Game reviews: 'NHL 09' first star in hockey franchise
In the world of sports video games, not much can really change year to year. The game at its core is the same, but it’s what video-game developers add that makes it worth spending the cash. (Sun, 12 Oct 2008 15:10:49 GMT)

US now plans direct injection of govt funds into banks: NYT
New York, Oct 12 In a U-turn, the Bush administration now favours injecting cash directly into US banks as part of its strategy to rescue the country's floundering financial system, which in effect will lead to the partial nationalision of the banks, a media report said today. (Sun, 12 Oct 2008 15:20:12 GMT)

US now plans direct injection of govt funds into banks: Report
The Bush administration now favours injecting cash directly into US banks as part of its strategy to rescue the country's floundering financial system. (Sun, 12 Oct 2008 16:45:26 GMT)

Credit crunch holding up funerals for months
LONDON: Undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail reported on Sunday. (Sun, 12 Oct 2008 20:27:56 GMT)

Akron paper urges 'yes' on payday lending measure
AKRON, Ohio (AP) — The Akron Beacon Journal is urging its readers to vote ``yes'' on the statewide ballot issue that would uphold Ohio's new payday lending law, one of the strictest in the nation. (Sun, 12 Oct 2008 21:56:38 GMT)

Brit undertakers feel the pinch
British undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance. With undertakers unable to extend credit, some poor families are having to wait more than two months before receiving government help paying for funerals. (Mon, 13 Oct 2008 01:15:06 GMT)

Residents frustrated by visit
MARIETTA - Like many area residents, Larry Uhrig hoped to meet - or at least catch a glimpse of - vice-presidential candidate Sarah Palin. But with no advance notice of where or when Palin would show, Uhrig and others said they were more frustrated than excited by the visit by Republican John McCain's running mate. (Mon, 13 Oct 2008 04:22:20 GMT)

Wyoming DDA considers ways to limit cash-advance stores on 28th Street
Wyoming has so many roadside signs and shops advertising so-called "payday" cash lenders, the city's Downtown Development Authority is exploring regulations to limit them. One business owner says it should be up to the free market to regulate the industry. • Read the story (Mon, 13 Oct 2008 11:23:38 GMT)

Global Stocks Climb, Euro Rises on Bailout Plan; Banks Advance
Oct. 13 (Bloomberg) -- Stocks rallied worldwide, with the MSCI World Index rebounding from its worst week on record, and the euro rose the most in three weeks against the dollar after governments in Europe, the U.S. and Asia agreed to support banks. (Mon, 13 Oct 2008 13:34:16 GMT)

German Stocks Rally on Rescue Plan; Banks, Steelmakers Advance
Oct. 13 (Bloomberg) -- German stocks rebounded from the steepest weekly drop on record, led by banks, after governments in Europe agreed on measures to shore up financial markets. (Mon, 13 Oct 2008 13:52:47 GMT)

Indian Stocks Advance Most in More Than Four Years; ICICI Gains
Oct. 13 (Bloomberg) -- Indian stocks rose, driving the Sensitive index to its biggest gain in more than four years, as governments around the world stepped up efforts to avert a collapse of the global banking system. (Mon, 13 Oct 2008 14:08:00 GMT)

European Stocks Climb on Bailout Plan; UBS, ING, Total Advance
Oct. 13 (Bloomberg) -- European stocks rallied, with the Dow Jones Stoxx 600 Index rebounding from its worst week on record, as governments in Europe, the U.S. and Asia agreed to support banks. (Mon, 13 Oct 2008 14:25:48 GMT)

Money Matters: Could getting a pay-day loan or cash advance make things worse?
Bad economic times usually means a desperate need for money. Many quick cash options can leave you further in debt. Is it even worth it? What are your options? FOX 10's Alexis Vance reports. (Mon, 13 Oct 2008 14:50:31 GMT)

'Easy Money' recap: Perfect timing for show about seedy cash advances
On The CW’s new drama “Easy Money” the Buffkin family shows us that money that comes easy always has serious consequences. (Mon, 13 Oct 2008 15:08:41 GMT)

European Stocks Climb on Bailout Plan; UBS, ING, Total Advance
Oct. 13 (Bloomberg) -- European stocks rallied, with the Dow Jones Stoxx 600 Index rebounding from its worst week ever, as governments in Europe, the U.S. and Asia agreed to support banks. (Mon, 13 Oct 2008 15:22:45 GMT)

Europe's Stoxx 600 Posts Biggest Advance on Record; UBS Climbs
Oct. 13 (Bloomberg) -- European stocks rallied, sending the Dow Jones Stoxx 600 Index, Germany's DAX and France's CAC 40 to their biggest gains on record, as governments in Europe, the U.S. and Asia agreed to support banks. (Mon, 13 Oct 2008 16:16:20 GMT)

Payday lenders seeing upswing
It’s a Friday afternoon, and Ronald Salvador is rushing from work to pay off his loan. (Mon, 13 Oct 2008 16:42:48 GMT)

Global Stocks Climb, Oil Rises on Bailout Plan; Banks Advance
Oct. 13 (Bloomberg) -- Stocks rallied worldwide, with the Standard & Poor's 500 Index rebounding from its worst week since 1933, and oil climbed from a 13-month low after governments in Europe, the U.S. and Asia agreed to support banks. (Mon, 13 Oct 2008 16:47:22 GMT)

U.K. Pound Has Biggest Advance Against U.S. Dollar in a Month
Oct. 13 (Bloomberg) -- The U.K. pound rose the most in a month against the dollar as the government handed a 37 billion- pound ($64 billion) bailout to Royal Bank of Scotland Group Plc, HBOS Plc and Lloyds TSB Group Plc. (Mon, 13 Oct 2008 18:35:53 GMT)

Payday loan show on The CW generates some real interest
The economy is worse than we thought. Even The CW is shoving aside its teenaged psalms to Jimmy Choo and Marc Jacobs for shows about loan sharks and outsourced deities. Next I'm afraid we'll see Henry Paulson on TV announcing that the Treasury Department has seized Gossip Girl and offering a reverse auction for Serena and Blair. (Mon, 13 Oct 2008 20:56:31 GMT)

More people going to cash advance stores to make ends meet
As the economy's downswing continues, more Americans are looking for quick cash, which may mean a visit to a cash advance store. But in many cases, it goes on to cost them big. (Tue, 14 Oct 2008 00:00:51 GMT)

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