Cash Advance News Nov 2008

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Prop. 200 payday loan reform ads not telling whole story
Jack LaSota is taping radio ads and phone messages urging Arizonans to vote for Proposition 200 saying that, as the former state attorney general, he knows "the payday loan industry needs to be reformed." (Sat, 01 Nov 2008 00:40:55 GMT)

Palin might not be permitted to cash in on fame
If her bid for vice president fails, Gov. Sarah Palin could almost surely use her sudden fame to obtain a lucrative book deal or high fees on the lecture circuit, or even get her own TV talk show. But Alaska law might not allow it. (Sat, 01 Nov 2008 02:32:26 GMT)

Industry behind payday-loan reform ads
PHOENIX — Jack LaSota is taping radio ads and phone messages urging Arizonans to vote for Proposition 200, saying that as a former state attorney general, he knows "the payday loan industry needs to be reformed." (Sat, 01 Nov 2008 07:17:50 GMT)

Issue 5: the need vs. greed debate
Ohioans will decide on Tuesday whether lenders should continue offering short-term payday loans in this state. (Sat, 01 Nov 2008 08:07:51 GMT)

Some urge a 'no' vote on Issue 5
Heartland Cash Advance in Chillicothe is representative of the payday lending industry with regard to its stance on state Issue 5 on Tuesday's ballot. (Sat, 01 Nov 2008 11:35:52 GMT)

Augusta Cash Advance store robbed
Investigators in Richmond County are looking into a robbery. (Sun, 02 Nov 2008 00:42:01 GMT)

Payday lending law argued before Supreme Court
LITTLE ROCK -- The law regulating the payday lending industry in Arkansas should be stricken as unconstitutional because it allows companies to make loans to consumers at interest rates that exceed the state's 17 percent usury limit, a lawyer for opponents of the law argued Thursday before the state Supreme Court. (Sun, 02 Nov 2008 05:12:55 GMT)

Keep it simple: Vote yes on Issue 5 to lower payday loan rates
Sheryl Harris writes this column in The Plain Dealer on Sundays.Previous columns onlinePLAIN DEALINGA weekly column about consumer affairsThey rarely want to share their names. They're too embarrassed. They didn't have enough money in their pockets. Then they took... (Sun, 02 Nov 2008 09:59:09 GMT)

Stocks end mixed in late slide after Fed rate cut
NEW YORK (AP) - 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. (Sun, 02 Nov 2008 11:38:16 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, 02 Nov 2008 11:39:16 GMT)

Asia Markets: Hong Kong, Mumbai pace gains in regional rally
Hong Kong stocks rebounded strongly Monday to lead Asian markets higher in the wake of gains on Wall Street, with financials such as China Construction Bank Corp. and property firms such as Cheung Kong (Holdings) fronting an across-the-board advance. (Mon, 03 Nov 2008 02:12:31 GMT)

European, U.S. Stock Futures Rise; Total, HBOS May Advance
Nov. 3 (Bloomberg) -- European stock-index futures rose, following gains in the U.S. and Asia, as declining money-market rates bolstered confidence the financial crisis is ebbing. U.S. index futures increased. (Mon, 03 Nov 2008 08:14:46 GMT)

Mon,03 Nov 2008
COMMENT ON THIS ! Your Views! At long last the trade is smiling. It’s been a bright Diwali with both Madhur Bhandarkar’s Fashion and Rohit Shetty’s Golmaal Returns clicking at the cash counters. The gambit of releasing the films two days in advance of the customary Friday paid off. (Mon, 03 Nov 2008 11:12:51 GMT)

PCGG chief still to account for P10-M cash advance - report
MANILA, Philippines - Embattled Presidential Commission on Good Government (PCGG) chairman Camilo Sabio is facing another case aside from the disbarment case which is still pending before the Bar Confidante of the Supreme Court. (Mon, 03 Nov 2008 14:58:29 GMT)

PNP: 'Euro generals' return some cash advances
MANILA, Philippines - The eight police officials who attended the 77th International Police assembly in Moscow last month have started to return their cash advances, a police official said Monday. (Mon, 03 Nov 2008 15:43:27 GMT)

Most European Stocks Advance; ING, Hannover Re, HBOS Climb
Nov. 3 (Bloomberg) -- Most European stocks advanced for a fifth day, the longest stretch of gains in a year, as declining money-market rates overshadowed evidence the global economy is slipping into a recession. (Mon, 03 Nov 2008 16:28:00 GMT)

Dela Paz, 3 others return ‘cash advance’
Controversial retired Director Eliseo dela Paz, former comptroller of the Philippine National Police (PNP), has returned the "cash advance" he received from the PNP for participating in the 77th International Police Organization (Interpol) General Assembly in St. Petersburg, Russia last month. (Mon, 03 Nov 2008 17:20:52 GMT)

New University of Michigan Survey Finds Payday Borrowers Suffering Financial Hardships
Arizona and Ohio voters face deceptive industry ballot initiatives Tuesday (Mon, 03 Nov 2008 18:26:00 GMT)

Police Try To ID Cash Advance Store Robber
Boynton Beach police are trying to identify a man who robbed a cash advance store at gunpoint Monday morning. (Mon, 03 Nov 2008 20:55:29 GMT)

Man sought in armed robbery of Beach check-cashing store
VIRGINIA BEACH Police are looking for a man they say robbed a check cashing shop today. The suspect used a handgun to demand cash from a clerk at the Advance America Cash Advance in the 2000 block of S. Independence Blvd., police said. It happened just after noon. (Mon, 03 Nov 2008 21:25:45 GMT)

County Commission working to restrict payday loan businesses
The Shelby County Commission is working on a plan to keep payday loan businesses out of Shelby County neighborhoods. (Mon, 03 Nov 2008 22:58:08 GMT)

Police seek suspect in cash advance robbery
PORTSMOUTH, VA. (WAVY.com) -- Last week, WAVY.com told you about a suspect wanted by police for robbing a cash advance business in Va. Beach. (Mon, 03 Nov 2008 23:00:47 GMT)

Euro Generals” hindi lusot sa kaso kahit kumpletong maisoli ang “cash advance”
Isusumite na ngayong araw ng Criminal Investigation and Detection Group-National Capital Region ng Philippine National Police ang mga ebidensya laban kina dating PNP Comptrollership Ret. Director Eliseo dela Paz at... (Tue, 04 Nov 2008 03:22:35 GMT)

‘Euro generals’ settle cash advances
FIVE “euro generals” have returned their P270,070 cash advances in full, complying with the directive of the National Police chief, while three more returned only a portion with the promise to turn over the balance later. (Tue, 04 Nov 2008 04:19:41 GMT)

Payday loans rise 1% in 2007
Payday lending increased by only 1 percent in Colorado last year, but state officials say they still are worried by continued high interest rates, an increase in borrower bankruptcies and consumer debt dependency. (Tue, 04 Nov 2008 07:13:59 GMT)

Retirement home offers Advance Directive class
Mercy Providence Retirement Home, 4915 Charlestown Road, New Albany, will have a seminar on Advance Directives from 3 to 5 p.m. today. (Tue, 04 Nov 2008 09:53:55 GMT)

Microchip Technology and ON Semiconductor Propose to Acquire Atmel for $5.00 Per Share in Cash
Provides Premium of 52.4% and Values Atmel at $2.3 Billion Chandler and Phoenix, Arizona, October 2, 2008 - Microchip Technology Incorporated (NASDAQ: MCHP) and ON Semiconductor Corporation (NASDAQ: ONNN) today announced that they have sent a proposal to the Board of Directors of Atmel Corporation (NASDAQ: ATML) to acquire Atmel for $5.00 per share in cash. The proposal, which is being led by ... (Tue, 04 Nov 2008 13:24:16 GMT)

Woman mugged outside cash advance store in Ypsilanti Township
A 31-year-old Ann Arbor woman was knocked down and robbed of her purse Monday at 7 p.m. after she left the Approved Cash Advance at 950 Ecorse Road in Ypsilanti Township, the Washtenaw County Sheriff's Department reported.... (Tue, 04 Nov 2008 14:54:56 GMT)

Gulf Stocks Advance as Lending Costs Drop; First Gulf Climbs
Nov. 4 (Bloomberg) -- Persian Gulf stocks gained, led by financials and telecommunications companies, as lending costs declined in the region, suggesting measures taken by central banks to unlock the credit markets are working. (Tue, 04 Nov 2008 15:21:23 GMT)

Republic's 2008 picks
Arizonans face important decisions in today's election. Below are summaries of our recommendations, based on answers to our online questionnaires, Editorial Board interviews and other research. (Tue, 04 Nov 2008 15:44:05 GMT)

Tiffin police look for armed robbery suspect
TIFFIN - Authorities on Tuesday were looking for a man in a plaid shirt accused of robbing a cash advance business on West Market Street at gunpoint, Tiffin police said. The man walked into Check Into Cash, 748 West Market, about 3:40 p.m. on Monday, brandished a firearm, and demanded cash from a clerk. After the clerk complied, the man fled the store with an undisclosed amount of cash, police ... (Tue, 04 Nov 2008 19:08:57 GMT)

US Cash Grain Review:Commercial Inventory Up, Basis Goes Down
CENTRAL CITY, Neb. (Dow Jones)--Commercial inventories of U.S. grain expanded rapidly during the past week, as farmers delivered huge amounts of newly harvested corn, soybeans and sorghum to the cash pipeline. (Tue, 04 Nov 2008 20:56:14 GMT)

Voters keep payday loan caps
An effort to repeal caps on so-called "payday loan" interest rates in Ohio appeared headed to a resounding defeat statewide. (Wed, 05 Nov 2008 03:14:28 GMT)

Ohio backs Obama; casino issue failing; Cordray elected Ohio attorney general
Obama picked up Ohio's 20 electoral votes toward the 270 needed to earn the White House. Voters were rejecting casino for southwest Ohio and attempts to overturn payday loan reform; Richard Cordray wins race for Ohio attorney general. (Wed, 05 Nov 2008 03:40:18 GMT)

Issue 5: Payday Lending Passes
Issue 5 -- to uphold the new payday lending law in Ohio -- has passed according to The Associated Press. Ohio's payday lending limits are among the strictest in the country, and the majority of residents voted to keep it that way. (Wed, 05 Nov 2008 03:44:13 GMT)

Ohio voters keep the cap on short-term loans
Ohioans Tuesday voted overwhelmingly to cap payday loan interest rates at 28 percent, upholding a state law challenged by the loan industry. Unofficial results showed they also passed three other state issues -- to borrow $400 million in bonds for... (Wed, 05 Nov 2008 03:55:38 GMT)

Voters say no to payday loans
Voters apparently have decided they don’t want to keep payday loans legal in Arizona. (Wed, 05 Nov 2008 03:56:56 GMT)

Industry-backed payday loan going down
Proposition 200, an industry-backed measure to regulate the payday loan industry, was failing in early returns Tuesday night with plenty of advertising on both sides of the issue. (Wed, 05 Nov 2008 05:06:04 GMT)

Voters Retain Tough Limits on Payday Lending
Although greatly outspent, supporters of a crackdown on payday loans in Ohio have won a smashing upset victory. Ohioans have voted to KEEP new limits on short-term loan interest rates. Statehouse correspondent Bill Cohen reports. (Wed, 05 Nov 2008 07:00:25 GMT)

Az voters OK ban on gay marriage, reject payday loan reform
PHOENIX - This time, Arizona voters said "yes" to a constitutional amendment to ban same-sex marriage. (Wed, 05 Nov 2008 09:00:27 GMT)

Gambling issue fails; payday loan limits upheld
COLUMBUS — Ohio voters on Tuesday rejected a proposed $600 million casino, the fourth time plans for expanded gambling in the state have been turned down since 1990. Voters approved a new payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of [...] (Wed, 05 Nov 2008 09:55:43 GMT)

Election Results Force Cash America to Make Tough Decisions
FORT WORTH, Texas----Votes to repeal a portion of Ohio’s new short-term loan statute fell short of the amount necessary to leave the existing cash advance product in place for Ohio consumers. (Wed, 05 Nov 2008 12:00:00 GMT)

Voters say no to casino, yes to payday loan limits
Wednesday, November 05, 2008 at 10:26 a.m. COLUMBUS, OHIO (AP) -- Ohio voters have rejected casino gambling and have kept a law capping interest rates on payday loans. (Wed, 05 Nov 2008 15:30:27 GMT)

Cash America to close 43 payday loan shops in Ohio
Payday lender and pawn shop operator Cash America International Inc. said Wednesday it will to close about one-third of its Ohio lending locations in the next few months, after voters in the state chose to maintain new payday loan restrictions. (Wed, 05 Nov 2008 15:33:04 GMT)

Payday-loan effort goes down hard
The future of payday-loan stores in Arizona was uncertain when Proposition 200, written and financed by the payday-loan industry, was failing big Tuesday night. (Wed, 05 Nov 2008 16:35:38 GMT)

German Stocks Snap Four-Day Advance; ThyssenKrupp, BASF Decline
Nov. 5 (Bloomberg) -- German stocks fell for the first time in five days as economic concerns overshadowed the election of Democrat Barack Obama as the 44th president of the U.S. (Wed, 05 Nov 2008 17:10:08 GMT)

Election costs Cash America stores
Pawn shop operator and short-term lender Cash America International Inc. said Ohio voters have cast their ballots -- and as a result, the company is closing 43 Cashland lending locations in the state. (Wed, 05 Nov 2008 17:31:06 GMT)

Cash America to close 43 Ohio loan shops
Payday lender and pawn shop operator Cash America International Inc. announced on Nov. 5 that it will close about one-third of its Ohio lending locations, after voters in the state chose to keep payday loan restrictions. (Wed, 05 Nov 2008 17:36:58 GMT)

Hold-up at BG cash advance
BOWLING GREEN, OHIO -- Police in Bowling Green are searching for a man believed to have robbed a Check Into Cash at 1121 South Main late Wednesday afternoon. (Wed, 05 Nov 2008 22:15:26 GMT)

Cashland Locations Closing After Payday Loan Defeat
Less than a day after Ohioans voted to keep payday loaning restrictions, Cash America has announced plans to close Cashland stores. (Wed, 05 Nov 2008 23:50:26 GMT)

The Cash Store Financial Services Announces Substantial Issuer Bid
The Cash Store Financial Services Inc. announced a substantial issuer bid today pursuant to which it will offer to purchase for cancellation up to $9 million of its outstanding common shares from shareholders. (Thu, 06 Nov 2008 00:36:00 GMT)

Payday lenders ponder next move after defeat
The payday loan industry is keeping mum after the defeat of its ballot initiative to permanently protect its right to operate in Arizona. (Thu, 06 Nov 2008 01:19:27 GMT)

Ohio deals blow to payday lenders
Ohio voters roundly approved a law which could mean the end of the state's payday lending industry. Issue 5 affirms placing the annual cap on lending rates at 28 percent, whereas the previous cap has been 319 percent. The law affirmed by Ohio voters Tuesday caps the maximum loan at $500, instead of the previous high of $800. (Thu, 06 Nov 2008 13:08:15 GMT)

AZ payday lenders face risky future after election defeat
The payday loan industry is keeping mum after the defeat of its ballot initiative to permanently protect its right to operate in Arizona. (Thu, 06 Nov 2008 18:48:51 GMT)

AR law allowing high interest payday loan fees unconstitutional
LITTLE ROCK, Ark. (AP) - A 1999 state law allowing so-called payday lenders to charge high fees for short-term loans violates the state constitution, the Arkansas Supreme Court ruled Thursday. (Thu, 06 Nov 2008 19:08:31 GMT)

Perrysburg Cash Advance robbery, suspect at large
Perrysburg Township Police are looking for a man that robbed a Cash Advance Wednesday. (Thu, 06 Nov 2008 19:22:06 GMT)

Bank meltdown opens way for PM to cash in
Labour’s achievement in holding off the Scottish National party’s advance at Glenrothes is a personal boost for the prime minister and will give his party new heart. (Fri, 07 Nov 2008 01:24:22 GMT)

Arizona, Ohio voters restrict payday lending
Voters in two states voted to restrict payday lending Tuesday, a blow to Spartanburg-based Advance America, Cash Advance Centers — the nation’s largest payday lender. Ohio voters approved a payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of loans customers can take to four per year. Arizona voters rejected extending that state’s ... (Fri, 07 Nov 2008 05:15:01 GMT)

Indian Bonds Advance on Signs Banks Have More Cash to Invest
Nov. 7 (Bloomberg) -- India's 10-year bonds gained for a second day on speculation supplies of cash are increasing at the nation's banks, the biggest buyers of government debt. (Fri, 07 Nov 2008 05:29:32 GMT)

Wawa robbery charges advance
Charges advance in botched holdup (Fri, 07 Nov 2008 06:16:01 GMT)

Nagin agrees to funnel cash to New Orleans Redevelopment Agency to reduce blight, but state approval needed
David Grunfeld / The Times-PicayuneA blighted home in New Orleans pictured in August. Mayor Ray Nagin's administration and the cash-poor New Orleans Redevelopment Authority cleared a major bureaucratic hurdle Thursday in agreeing to a plan for freeing up $38 million... (Fri, 07 Nov 2008 14:49:24 GMT)

Financial crisis has unions reassessing IRB's grab for cash
IT HAS taken well over three months - and clearly the world financial meltdown has shaken up the issue - but leading rugby nations are starting to publicly complain about the International Rugby Board's audacious dash for cash by demanding exorbitant sums to host the 2015 and 2019 World Cup tournaments. (Fri, 07 Nov 2008 15:54:19 GMT)

RP team puts up a good fight at 2008 World Cyber Games tourney in Cologne, but fails to advance in semi-finals
Despite a relatively good showing at the opening day competitions in the ongoing 2008 World Cyber Games (WCG) that kicked off Thursday in Cologne, Germany, the eight-man Philippine team failed to advance to the semi final rounds in their respective game categories in what is dubbed as the Olympics of the electronic gaming world. (Fri, 07 Nov 2008 17:00:16 GMT)

Tuesday's defeat of Proposition 200, often referred to as the payday loan reform act, probably means that Casa Grande ...
Tuesday's defeat of Proposition 200, often referred to as the payday loan reform act, probably means that Casa Grande will abandon its effort to control the spread of new offices in town. (Fri, 07 Nov 2008 17:50:22 GMT)

Consumers clutching their cash
ALBUQUERQUE (KRQE) - U.S. retail stores reported their worst October sales since at least 1969 due in part to Albuquerque consumers holding on to their cash in advance of the holiday shopping season. (Sat, 08 Nov 2008 01:40:04 GMT)

Province looks for input on governing payday loan firms
The Office of the Attorney General has just released a consultation paper inviting the public to comment on the regulation of payday lenders in the province. (Sat, 08 Nov 2008 04:44:12 GMT)

Check Into Cash to keep Ohio, Arizona stores open
Check Into Cash, the nation’s biggest privately held payday lender, will keep its Ohio and Arizona stores open despite votes this week to outlaw current payday lending in those states over the next couple of years. (Sat, 08 Nov 2008 05:05:03 GMT)

Banks offer payday loans to customers
More traditional banks have begun offering customers advances on their direct deposits for a fee, a practice payday lenders equate with loans they give. (Sat, 08 Nov 2008 10:59:37 GMT)

Ohio payday lenders in flux
Tuesday's vote in Ohio reaffirming a 28 percent interest rate cap on payday loans has prompted some operators to leave the state, while others are mulling their options. (Sat, 08 Nov 2008 11:00:48 GMT)

Ohio, Arizona vote to curb payday lending
Published: Saturday, November 8, 2008 at 3:15 a.m. Last Modified: Saturday, November 8, 2008 at 1:07 a.m. Tuesday's elections in Ohio and Arizona didn't deliver the results that Spartanburg-based payday lending company Advance America wanted. (Sat, 08 Nov 2008 17:34:03 GMT)

Report: Terrorists use cash, avoid financial ties
The international system for tracking and cutting off terrorist financing has achieved major successes but is fraying seven years after the Sept. 11 attacks, two former Treasury Department officials report. Some U.S. allies in the fight against terrorism pose the weakest links. (Sat, 08 Nov 2008 17:38:25 GMT)

Banks getting into payday loan business
More traditional banks have begun offering customers advances on their direct deposits for a fee, a practice payday lenders equate with loans they give. (Sat, 08 Nov 2008 19:42:31 GMT)

Ohio payday lenders pinched by new law
COLUMBUS, Ohio, Nov. 8 (UPI) -- Tuesday's vote in Ohio that payday lenders may not charge more than 28 percent interest is driving some firms from the state, officials say. (Sat, 08 Nov 2008 21:14:58 GMT)

Ohio payday lenders pinched by new law
Tuesday's vote in Ohio that payday lenders may not charge more than 28 percent interest is driving some firms from the state, officials say.The Cincinnati Enquirer reported Saturday that lenders say the rate is too low for them to continue doing business in Ohio. The newspaper said the rate caps the interest for a two-week loan for $100 at about $1.08.Check 'n Go, which has 71 outlets in the ... (Sat, 08 Nov 2008 21:21:49 GMT)

Report: Terrorists use cash, avoid financial ties
A report says efforts to cut them off are failing. (Sun, 09 Nov 2008 03:39:48 GMT)

High Court Throws Out Payday Lender Law
LITTLE ROCK — The Arkansas Supreme Court ruled Thursday that the 1999 Check Cashers Act “unmistakably” allowed payday lenders to charge triple-digit interest rates in violation of the state constitution. (Sun, 09 Nov 2008 08:37:23 GMT)

Firms defer advance tax payments
Interest charged by govt lower than bank rates. Cash-starved Indian companies have begun to defer their advance tax liabilities in order to tide over the liquidity crisis in the financial markets. (Sun, 09 Nov 2008 19:23:34 GMT)

Cash-strapped cement trader ends life
A forty-year-old cement trader, Pravin Khodke allegedly committed suicide on Saturday. He was found hanging to a ceiling fan at his residence. (Sun, 09 Nov 2008 21:39:36 GMT)

Firms defer advance tax payments
Interest charged by government lower than bank rates. (Mon, 10 Nov 2008 04:17:34 GMT)

Hong Kong Stocks Advance on China Stimulus; Anhui Conch Jumps
Nov. 10 (Bloomberg) -- Hong Kong stocks rose, sending the benchmark index tracking Chinese companies listed in the city to a three-week high, after China pledged a 4 trillion yuan ($586 billion) stimulus package to bolster growth. (Mon, 10 Nov 2008 10:56:04 GMT)

U.K. Stocks Advance, Led by Energy Producers, on China Package
Nov. 10 (Bloomberg) -- U.K. stocks rose for a second day, led by energy producers, after China unveiled a $586 billion plan to stimulate the world's biggest contributor to economic growth, and oil and copper prices rallied. (Mon, 10 Nov 2008 13:37:46 GMT)

Ohio's payday lenders in flux, mulling the future
Tuesday's vote in Ohio reaffirming a 28 percent interest rate cap on payday loans has prompted some operators to leave the state, while others are mulling their options. (Mon, 10 Nov 2008 14:43:35 GMT)

German Stocks Advance; ThyssenKrupp, Deutsche Post Rise
Nov. 10 (Bloomberg) -- German stocks climbed for a second day after China announced a $586 billion plan to spur growth in the world's largest developing economy. (Mon, 10 Nov 2008 15:39:16 GMT)

Backer of payday loan reform: Prop. 200 defeat means job losses
One of the backers of Proposition 200, the failed payday reform proposal on the Nov. 4 ballot, believes its defeat could cost Arizona 2,500 jobs. (Mon, 10 Nov 2008 16:08:27 GMT)

Future of payday loans lies with lawmakers
PHOENIX (AP) -- Arizona voters may have buried the payday loan industry, but backers are hoping the state Legislature can dig them out. (Mon, 10 Nov 2008 16:55:05 GMT)

Vote may be the end of payday lenders
The payday-loan industry, which flourished this past decade on Arizonans' almost-insatiable need for quick, short-term loans regardless of their high interest rates, may have to close down in Arizona unless state lawmakers can be persuaded to ignore voters' wishes. (Mon, 10 Nov 2008 17:21:50 GMT)

U.K. Stocks Advance, Led by BHP, Rio Tinto on China Package
Nov. 10 (Bloomberg) -- U.K. stocks rose for a second day, led by mining companies, after China unveiled a $586 billion plan to stimulate the world's biggest contributor to economic growth and metals prices rallied. (Mon, 10 Nov 2008 17:22:24 GMT)

Police searching for armed robbery suspect
CEDAR RAPIDS and#8212; Police are looking for a man who robbed an employee of Advance America Cash Advance, 3653 First Ave. SE, this afternoon as she was leaving to make a deposit.Police said the employee, whose name was not released, was confronted in the parking lot about 12:30 p.m. by a man who displayed a handgun and then fled with a bank bag carrying an undisclosed amount of money.The ... (Mon, 10 Nov 2008 18:58:11 GMT)

Payday loan industry shut down, future lies with lawmakers
PHOENIX (AP) - Arizona voters may have buried the payday loan industry, but backers are hoping the state Legislature can dig them out. Voters overwhelmingly rejected Proposition 200, a ballot initiative (Mon, 10 Nov 2008 19:02:42 GMT)

Another Valley Payday Loan Business Closes
Another payday loan business has fallen victim to Ohio's restrictions on interest rates. American Payroll Advance has closed it s 21 stores in the state including one in Liberty Township. (Tue, 11 Nov 2008 00:16:37 GMT)

Defeat leaves payday loan industry in limbo
Phoenix — The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not really an option, as it would put the lenders out of business in less than two years. (Tue, 11 Nov 2008 03:31:27 GMT)

Payday-loan industry in quandary
The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? (Tue, 11 Nov 2008 07:21:48 GMT)

India's Bonds Advance on Speculation Cash at Banks Will Rise
Nov. 11 (Bloomberg) -- Indian bonds rose on speculation policy makers will step up measures to boost funds in the banking system. The 10-year yield fell from near the highest in a week as lenders and securities companies borrowed funds from the Reserve Bank of India for a second day to meet their daily cash needs. (Tue, 11 Nov 2008 08:14:25 GMT)

Future of payday loans lies with lawmakers
PHOENIX (AP) - Arizona voters may have buried the payday loan industry, but backers are hoping the state Legislature can dig them out. (Tue, 11 Nov 2008 10:40:32 GMT)

Cash guitarist to return to Austin
Bob Wootton, Johnny Cash’s legendary guitar player of 30 years, will join southern Minnesota’s rock band Six Mile Grove for a concert at the Austin VFW Club Saturday, Nov. 22. (Tue, 11 Nov 2008 16:25:34 GMT)

What’s next for payday loan industry?
PHOENIX -- The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not really an option, as it would put the lenders out of business in less than two years. (Tue, 11 Nov 2008 17:24:30 GMT)

Senate orders arrest of ex-police official in cash scandal
MANILA, Philippines - The Senate on Tuesday ordered the arrest of a retired police official who snubbed the chamber"s investigation into a multi-million-peso cash scandal. (Tue, 11 Nov 2008 19:36:39 GMT)

Defeated in Ohio, payday lenders look for options
Associated Press - November 11, 2008 2:55 PM ET CINCINNATI (AP) - The payday loan industry is looking at other business options in Ohio after losing a ballot fight to overturn tough... (Tue, 11 Nov 2008 20:13:51 GMT)

Payday Lenders To Close Some Ohio Locations
The payday loan industry is looking at other business options in Ohio after losing a ballot fight. (Tue, 11 Nov 2008 21:55:29 GMT)

The Cash Store Financial Announces Pricing for its Substantial Issuer Bid
The Cash Store Financial Services Inc. announced today the price range for its previously announced substantial issuer bid pursuant to which it will offer to purchase for cancellation up to $9 million of its outstanding common shares from shareholders. (Tue, 11 Nov 2008 22:48:00 GMT)

Defeated In Ohio, Payday Lenders Look For Options
The payday loan industry is looking at other business options in Ohio after losing a ballot fight to overturn tough restrictions on interest rates it can charge costumers. (Wed, 12 Nov 2008 04:50:26 GMT)

Payday lenders seek options after defeat
CINCINNATI — The payday loan industry, which lost a ballot fight to overturn tough restrictions on the interest rates it can charge costumers, is searching for other ways to do business in Ohio as consumer advocates worry that lenders are finding a way around the election results. Lenders are focusing more on services like [...] (Wed, 12 Nov 2008 06:40:03 GMT)

Another Payday Loan Chain Announces Layoffs and Store Closings
Another chain of Ohio payday loan stores is announcing store-closings and job layoffs. It comes in the aftermath of Ohio voters okaying a crackdown on the short-term loans the stores offer. Statehouse correspondent Bill cohen reports. (Wed, 12 Nov 2008 14:11:11 GMT)

Petro Vista Announces Cash Acceleration and Management Program
VANCOUVER, BRITISH COLUMBIA-- - Petro Vista Energy Corp. is pleased to announce that it has implemented a "cash acceleration and cash management program" to meet its strategy of building shareholder value by balancing production with exploration upside. (Wed, 12 Nov 2008 14:30:23 GMT)

Defeated in Ohio, payday lenders look for options
The payday loan industry, which lost a ballot fight to overturn tough restrictions on the interest rates it can charge costumers, is searching for other ways to do business in Ohio as consumer advocates worry that lenders are finding a way around the election results. (Wed, 12 Nov 2008 15:19:52 GMT)

Payday Loan Rate Cap in Oregon Has Harmed, Not Helped Oregon Households, New Study Circulated by CCRF Suggests
HANOVER, N.H.----Survey data on 400 payday loan users collected before and after the imposition of an interest-rate cap in Oregon suggest that the cap caused deterioration in the overall financial condition of the Oregon households. (Wed, 12 Nov 2008 17:09:00 GMT)

Ways & means advance hiked
Cash flow issues have now impacted the government, too. The Reserve Bank of India has raised the limit on how much the government can borrow from the central bank as ways & means advance to Rs 20,000 crore up to December, instead of Rs 6,000 crore. (Wed, 12 Nov 2008 21:10:55 GMT)

Govt asks rich PSUs to advance interim dividend payout
Cash-rich PSUs, such as ONGC, SAIL, BSNL and NTPC, are under pressure to declare interim dividends as the government looks at these companies to raise as much as Rs 10,000 crore to shore up its increasingly fragile finances. (Wed, 12 Nov 2008 21:28:47 GMT)

LHIN reneges on deal to give QHC $3.6M cash advance
Quinte Health Care must go to a bank and borrow $3.6 million to pay its current debts after the regional health body refused to honour [...] (Wed, 12 Nov 2008 23:57:16 GMT)

Obama supports advance funding for VA - Army News, opinions, editorials, news from Iraq, photos, reports - Army Times
President-elect Barack Obama promised days before the Nov. 4 election that his administration would support the idea of approving veterans’ funding one year in advance in an effort to avoid disruptions in critical programs. (Thu, 13 Nov 2008 00:00:40 GMT)

Regulators sue payday loan companies
Wed, Nov 12, 2008 (6:18 p.m.) State and federal regulators have sued 10 related Internet payday lenders, including five with Nevada addresses, alleging they failed to disclose loan terms and illegally badgered people for sums far higher than amounts they borrowed. (Thu, 13 Nov 2008 02:32:19 GMT)

Regulators sue payday loan companies
State and federal regulators have sued 10 related Internet payday lenders, including five with Nevada addresses, alleging they failed to disclose loan terms and illegally badgered people for sums far higher than amounts they borrowed. Companies listed in the... (Thu, 13 Nov 2008 02:45:38 GMT)

Regulators Sue Payday Loan Companies
State and federal regulators have sued 10 related Internet payday lenders, including five with Nevada addresses, alleging they failed to disclose loan terms and illegally badgered people for sums far higher than amounts they borrowed. (Thu, 13 Nov 2008 04:06:16 GMT)

Showdown Over Auto Bailout
Administration signals it will reject proposal to advance $25B in government loans to carmakers. (Thu, 13 Nov 2008 04:30:32 GMT)

Citadel Plaza developer seeks cash advance from city
The developer of the proposed Citadel Plaza project is seeking a $20.5 million cash advance from the city that would be reimbursed when the bond market stabilizes. (Thu, 13 Nov 2008 05:30:19 GMT)

Payday Loan & Cash Advance Company CashNet USA Hires New Internet Marketing Company ConstantClick.com
Search Engine Optimization (SEO) company ConstantClick announced it will be working with CashNetUSA.com, the world's leading website offering payday loans of up to $750. (Thu, 13 Nov 2008 07:01:00 GMT)

New payday loan products are reaction to vote; 79 Ohio sites to close
As expected, some in the so-called payday loan industry have announced they will close a combined 79 stores in Ohio after the passage of a state ballot issue that meant payday loan interest rates were capped at 28 percent. But several lenders, including those that will close stores, are launching new types of loans that carry origination fees. Others will focus on other services to maintain ... (Thu, 13 Nov 2008 09:44:49 GMT)

Defeated in Ohio, payday lenders look for options
The payday loan industry — stung at the Ohio ballot box with a strict new law — is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. (Thu, 13 Nov 2008 10:48:33 GMT)

Defeated in Ohio, payday lenders look for options
The payday loan industry - stung at the Ohio ballot box with a strict new law - is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. Lenders are focusing more on services like pawn brokering and gold buying, and some are applying for licenses under other Ohio loan laws. Consumer advocates plan to take a close ... (Thu, 13 Nov 2008 10:57:11 GMT)

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