Cash Advance News Oct 2008

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Battle over payday loans in Ohio is on
COLUMBUS - Ohio's battle over payday lending is officially on. (Sat, 25 Oct 2008 13:04:36 GMT)

Voters weigh limits for payday lenders
COLUMBUS — An industry under attack or on the prowl? It depends on which side you come down on in what has become one of the most hotly contested issues on this year’s Ohio ballot. The battle has raised the specter of everything from Big Brother to loan sharking. Opponents of a new law capping interest rates on short-term payday loans have taken the question out of the hands of legislators and ... (Sun, 26 Oct 2008 09:25:10 GMT)

Stocks pull back as profit-taking sets in
NEW YORK — Wall Street ended a relatively calm session with a moderate loss Tuesday as investors, while happy with the government’s plans to spend up to $250 billion to buy stock in private banks, decided to cash in profits from the previous day’s massive advance as they refocused their attention on the economy. (Sun, 26 Oct 2008 10:38:53 GMT)

Companies start competing for bailout cash
The bailout is now the hottest lobbying game in town (Sun, 26 Oct 2008 13:15:51 GMT)

The Nation: PNP to release findings on cash probe
THE PHILIPPINE National Police (PNP) will release today its findings on an administrative probe into the controversy involving eight senior officers. (Sun, 26 Oct 2008 15:12:10 GMT)

PNP to release findings on cash probe
MANILA, Philippines - The Philippine National Police (PNP) will release Monday its findings on an administrative probe into the controversy involving eight senior officers. (Sun, 26 Oct 2008 15:48:42 GMT)

Stem Cell Research Ballot Proposal Attracts Most Cash, Pro And Con
LANSING - Between the economic incentives for supporters and the religious fervor of opponents, Proposal 2008-2 to expand embryonic stem cell research has attracted the most cash to its battle among the two ballot issues, according to campaign finance reports filed Friday. (Mon, 27 Oct 2008 03:00:04 GMT)

Winner Take All
Forty years ago, Moore's Law became a popular concept to explain the exponential advance in computing power. Richard J. Elkus, Jr. explains how Moore's Law has broad implications for any nation's education system — and warns that the U.S. education system may be losing its competitive edge. (Mon, 27 Oct 2008 03:53:12 GMT)

India's Bonds Advance as Banks May Have More Cash to Buy Debt
Oct. 27 (Bloomberg) -- India's bonds gained on speculation banks have more money to buy debt after the central bank this month cut cash-reserve requirements. (Mon, 27 Oct 2008 06:35:56 GMT)

Alliance Resource Partners, L.P. Increases Quarterly Cash Distribution by 6.1% to $0.70 Per Unit; Reports Solid ...
TULSA, Okla.----Alliance Resource Partners, L.P. today announced that the Board of Directors of its managing general partner declared a quarterly cash distribution for the quarter ended September 30, 2008 of $0.70 per unit , payable on November 14, 2008 to all unitholders of record as of the close of trading on November 7, 2008. (Mon, 27 Oct 2008 11:00:00 GMT)

Philippines police to charges officers in Russia cash fiasco
Philippines police said Monday they plan to file charges against a group of officers accused of smuggling a huge amount of cash into Russia. (Mon, 27 Oct 2008 12:16:00 GMT)

India's Bonds Advance as Banks May Use Surplus Cash to Buy Debt
Oct. 27 (Bloomberg) -- India's bonds gained the most in six weeks on speculation banks have more money to buy debt after the central bank this month cut cash-reserve requirements. (Mon, 27 Oct 2008 12:37:41 GMT)

TransAtlantic Petroleum Corp. Announces Cash Takeover Offer for Incremental Petroleum Limited
TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol "IPM." Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, U.S.A. (Mon, 27 Oct 2008 13:00:00 GMT)

$18 Million Raised To Stop Payday Lending Law
Opponents of a new Ohio law that puts tough restrictions on the payday loan industry have raised $18 million in their campaign to repeal it. (Mon, 27 Oct 2008 13:24:13 GMT)

Barrick Gold, EnCana May Fall on Gold, Oil; Q9 May Advance
Oct. 27 (Bloomberg) -- Barrick Gold Corp . and EnCana Corp. may decline, based on bids on the Toronto Stock Exchange, as bullion and oil fall, extending commodity prices' worst retreat in at least 38 years. (Mon, 27 Oct 2008 13:45:45 GMT)

Cash Advance Store Robbed
The First American Cash Advance in Zane Plaza was robbed Monday afternoon (Mon, 27 Oct 2008 16:16:16 GMT)

Pinpoint Advance Corp. Executes Letter of Intent, Dispute as to Execution of a Definitive Agreement; To Liquidate ...
Pinpoint Advance Corp. , a special purpose acquisition corporation , announced it has executed a letter of intent to effectuate a business combination with a privately-held company with its headquarters in Israel . (Mon, 27 Oct 2008 20:20:00 GMT)

Police to file criminal charges against officers in cash scandal
MANILA, Philippines - The Philippine National Police (PNP) will file criminal charges against a retired official and three other active senior officers for the alleged unauthorized release of millions of pesos in cash advance for an official mission abroad. (Mon, 27 Oct 2008 22:03:41 GMT)

Understanding Issue Five
For a while, Payday Loan companies were charging what amounted to an annual interest rate of nearly four hundred percent. The Ohio State Legislature thought that was too high, and put a twenty eight percent ceiling on the loans. But those running the Payday Loan companies cried foul, and have taken their complaint directly to voters in the form of State Issue Five. (Mon, 27 Oct 2008 22:13:41 GMT)

Understanding Issue Five
On State Issue five, you're voting to accept or reject part of a law passed by the Ohio legislature last summer, also known as House Bill 545. The new law caps the annual interest rate payday loan companies can charge at 28 percent. (Mon, 27 Oct 2008 22:18:43 GMT)

US official: Raid on Syria killed leader of cell
A cross-border raid by U.S. special forces killed the al-Qaida-linked head of a Syrian network that smuggled fighters, weapons and cash into Iraq, an American counterterrorism official said Monday. Blood stained the earth in this border village as anguished Syrians buried relatives they said were killed in the U.S. helicopter attack Sunday. Some shouted anti-American slogans and carried banners ... (Tue, 28 Oct 2008 04:34:35 GMT)

Gold, Platinum Advance in London as Stock Rally Halts Selloff
Oct. 28 (Bloomberg) -- Gold advanced in London as global stocks rallied, halting a selloff in commodities. Platinum also rose. More than $12 trillion has been erased from equity values this month, spurring a 14 percent decline in gold prices as investors sold assets to raise cash. (Tue, 28 Oct 2008 10:00:13 GMT)

U.S. Stocks Gain on Valuations; Alcoa, Exxon, AT&T Advance
Oct. 28 (Bloomberg) -- U.S. stocks rallied, following gains in Asian and European markets , as the cheapest valuations in more than two decades lured investors back into equities. (Tue, 28 Oct 2008 16:07:01 GMT)

European Stocks Advance; BP, Air France, Volkswagen Lead Gains
Oct. 28 (Bloomberg) -- European stocks rose for the first time in six days as the Dow Jones Stoxx 600 Index traded near the cheapest relative to earnings in more than six years and BP Plc's profit topped analysts' estimates. (Tue, 28 Oct 2008 16:30:07 GMT)

U.S. Stocks Gain on Valuations; Alcoa, AT&T, Exxon Advance
Oct. 28 (Bloomberg) -- U.S. stocks rallied, following gains in Asian and European markets , as the cheapest valuations in more than two decades lured investors back into equities. (Tue, 28 Oct 2008 17:22:02 GMT)

Police Investigating Mason Cash Advance Robbery
The Advance America on Route 42 was robbed around 4:45 p.m. (Tue, 28 Oct 2008 21:33:50 GMT)

Cash Store Financial releases First Quarter Results, achieves record earnings and declares increased dividend
The Cash Store Financial Services Inc. today announced first Quarter results for the period ended September 30, 2008. (Tue, 28 Oct 2008 22:28:00 GMT)

CEO Reaps $15M Payday Ahead of Federal Loan
The top executive at bank holding company The South Financial Group is retiring with a $15 million payday, even as the company is applying for a government investment that could restrict such windfalls. (Tue, 28 Oct 2008 23:07:22 GMT)

Robber of cash advance stores may be former employee
A robber who has been targeting cash advance stores throughout Broward since last December may be a former store employee, authorities said Tuesday. (Tue, 28 Oct 2008 23:33:38 GMT)

BSO Seeks Serial Cash Advance Store Robber
Police in Margate are looking for a man who has robbed several cash advance stores in Broward since last December. (Wed, 29 Oct 2008 03:33:56 GMT)

Cash Advance Store Robbed In Mason
Surveillance pictures show the suspect inside the Advance America Cash Advance store on US 42 near Western Row Road. (Wed, 29 Oct 2008 06:03:50 GMT)

P6.9 M ‘cash advance’ back in RP soon
MANILA, Philippines -- The P6.9 million worth of undeclared cash found in the possession of retired police comptroller Eliseo dela Paz and his wife by Russian customs officials may be returned to the country “soon,” the spokesman of the Philippine National Police said Wednesday. (Wed, 29 Oct 2008 12:10:53 GMT)

Police seek man who robbed cash advance business
NORFOLK, Va. (WAVY.com) -- Police are investigating a robbery to the America Cash Advance on International Blvd. that took place on Tuesday. According to a spokesperson, at around 5:00 p.m., the suspect entered the business armed with a handgun and demanded cash. (Wed, 29 Oct 2008 14:01:08 GMT)

Search the Archives
Bankruptcy is on the rise in Utah. Figures from the U.S. Bankruptcy Court for the District of Utah show a 41 percent increase in filings this spring compared to the same time in 2007. Also on the rise are applications for payday loans. (Wed, 29 Oct 2008 14:07:31 GMT)

Police seek man who robbed cash advance store in Norfolk
NORFOLK Police are investigating a robbery at Advance America Cash Advance in the 1500 block of International Blvd. About 5 p.m. Tuesday, a man entered the business, armed with a handgun, and demanded cash, according to a news release from Norfolk police. He fled the scene in an unknown direction with an undisclosed amount of cash. No injuries occurred during the robbery. (Wed, 29 Oct 2008 15:40:42 GMT)

Armed man robs local cash advance business
Police are looking for a man who robbed an America Cash Advance business in Norfolk yesterday. (Wed, 29 Oct 2008 15:43:37 GMT)

Issue 5 pits law versus lenders
By ANDREA POTEET Staff Writer An Ohio ballot issue pits the payday loan industry against lawmakers and others who say the industry traps families in debt. (Wed, 29 Oct 2008 17:14:51 GMT)

Casino, bonds, payday lending on statewide ballot
Voters across Ohio will see five statewide issues on top of their Nov. 4 ballots. (Wed, 29 Oct 2008 19:47:24 GMT)

Advance America Announces Results of the Third Quarter
Advance America, Cash Advance Centers, Inc. today reported the results of its operations for the quarter and nine months ended September 30, 2008. Diluted earnings per share for the third quarter 2008 were $0.14 compared to $0.07 for the same period of 2007. (Wed, 29 Oct 2008 20:15:00 GMT)

Advance America still making money
SPARTANBURG — Advance America continues to earn a profit as it battles state laws forcing it to close payday loan centers around the country. During the third quarter, the company spent $1.5 million to close centers in Arkansas and New Mexico. Advance America spent $3.7 million to fight November ballot initiatives in Ohio and Arizona that could cause revenue loss. Advance America is the ... (Thu, 30 Oct 2008 04:16:44 GMT)

State Issue 5 would reaffirm state's limits on payday lenders
By MARC KOVAC Review Capital Bureau COLUMBUS " State Issue 5 asks Ohio voters whether they support or reject legislation approved earlier this year to limit payday lending in the state. (Thu, 30 Oct 2008 04:47:56 GMT)

Lenders need 'no' on Issue 5 to strike pay dirt
COLUMBUS: Issue 5 was brought to the ballot by the payday lending industry to repeal a law passed by Republicans and Democrats in the state legislature and signed by Gov. Ted Strickland that caps their allowable interest rates at 28 percent. (Thu, 30 Oct 2008 05:47:18 GMT)

Wall Street tumbles late as investors cash in profits
[Wall Street received the interest-rate cut it wanted but still turned in a baffling late-day performance Wednesday, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the previous session's big advance. (Thu, 30 Oct 2008 08:16:10 GMT)

Ark. court hears arguments on payday lending law
LITTLE ROCK, Ark. - A 1999 Arkansas law opened the door for payday lenders to charge triple-digit interest rates in violation of the constitution, attorneys told the state's highest court on Thursday. (Thu, 30 Oct 2008 16:52:41 GMT)

PNP officers start returning ‘cash advance’
Two of the eight senior officers of the Philippine National Police (PNP) who attended the 77th International Police Organization (Interpol) General Assembly in Moscow, Russia have started returning the cash advances they made for their trip on orders of PNP chief Director General Jesus A. Verzosa and because of the ongoing investigation on the issue of alleged fund misuse. (Thu, 30 Oct 2008 17:28:22 GMT)

Hill wants to restrict payday lender rates
Democrat Jean Welch Hill proposed Thursday to tighten restrictions on payday lenders, in sharp contrast to her opponent, incumbent Attorney General Mark Shurtleff, who is an outspoken defender of that industry. (Thu, 30 Oct 2008 17:31:08 GMT)

Ark. court hears arguments on payday lending law
A 1999 Arkansas law opened the door for payday lenders to charge triple-digit interest rates in violation of the constitution, attorneys told the state's highest court on Thursday. (Thu, 30 Oct 2008 19:32:50 GMT)

ACORN joins opposition to Prop. 200 payday loan measure
ACORN has joined the opposition against an industry-backed payday loan ballot measure. (Thu, 30 Oct 2008 19:51:08 GMT)

Loan Sharks A Problem In Straightened Times
"Loan sharks prey on the lack of financial sophistication of many lower-income people, and communities need better legislative protection from them," say Porirua Mayor Jenny Brash, Deputy Mayor Litea Ah-Hoi and Chairman of Parliament's Finance and Expenditure Committee, Wellington Labour List MP Charles Chauvel. (Fri, 31 Oct 2008 04:31:50 GMT)

Japan's Five-Year Bonds Advance After Central Bank Cuts Rates
Oct. 31 (Bloomberg) -- Japan's five-year notes rose, completing the biggest monthly advance in more than a year, after the central bank reduced interest rates to help bolster economic growth. (Fri, 31 Oct 2008 08:17:46 GMT)

Google business listings slightly too easy to edit [Toogle Many Googlers]
Search engine marketing guru Danny Sullivan says small-time businesses are stealing other's listings in Google Maps. "Florists, locksmiths, payday loan companies and others have found their listings... (Fri, 31 Oct 2008 16:05:35 GMT)

Glendale Star
Proposition 200: Should you vote yes or no? Before reaching the election polls on Nov. 4, understand what a “Yes” and “No” vote means on Proposition 200, the Payday Loan Reform Act. (Fri, 31 Oct 2008 16:36:00 GMT)

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