Cash Advance News Feb 2009

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Cash Dash mystery: 'Pauper' leaves $207K, no heirs
When Arthur Naber died in 1994, he was buried in a pauper's grave with three other bodies because his remains went unclaimed. (Sat, 21 Feb 2009 12:53:26 GMT)

Bike Week Vendors Get Early Start Outside City Limits
Despite the economic downturn, some vendors are setting up shop a whole week in advance of Bike Week, hoping to cash in once the bikers stroll into town. (Sat, 21 Feb 2009 14:36:56 GMT)

Canyon briefs
Are you concerned about the cost of college? Napa Valley College will host a Financial Aid Workshop on the Napa campus Feb. 21 from 10 a.m. to 2 p.m. It is planned in advance of the March 2 Cal Grant and financial aid priority deadline. The “Cash for College” event is free and open to the public. (Sun, 22 Feb 2009 08:21:02 GMT)

Community Briefing: Learn how to get cash for college
The Modesto Junior College Financial Aid Office will hold a free Cash for College Night for high school seniors Tuesday from 7 to 8:30 p.m. The workshop is free and no advance registration is necessary. (Sun, 22 Feb 2009 11:16:37 GMT)

Ward Scull is Daily Press Citizen of the Year
The Newport News businessman turned one employee's money crisis into a crusade against payday lending. W ard Scull's interest in payday loans started as an effort to help a single Virginian. But it grew into a statewide coalition that campaigns to protect all Virginians from predatory lending. (Sun, 22 Feb 2009 14:00:05 GMT)

What the Flower Show-goers also want? Showbiz!
Now 180 years old, the Philadelphia Flower Show is still considered the top horticultural event in the country. But in recent years, something new has been added to the mix: live entertainment, bigger theatrical exhibits and shopping opportunities, snazzy special effects and cash bars - all to generate buzz and '"Wow!" (Sun, 22 Feb 2009 14:01:28 GMT)

How to evaluate companies that offer merchant cash advances
Dear Karen: I can't get credit, but I'm getting letters from companies offering merchant cash advances. How do I evaluate them? (Sun, 22 Feb 2009 23:27:33 GMT)

Police: scams haven't really changed as economy worsens
It sounded like an ideal job opportunity. Work at home. Get paid in advance. It turned out to be a nightmare for one Port Charlotte woman. "Helen," who asked her identity not be revealed, lost about $3,000 to a scam that targets casualties of the economic downturn: job seekers. (Mon, 23 Feb 2009 05:15:50 GMT)

Loan chain to shut down all NH stores: Advance America says cap law forcing out legitimate business
NASHUA -- A second payday lender is leaving the state because of a new state law that went into effect at the first of the year capping the amount of interest short-term loan operations can charge. ... - By MELANIE PLENDA Correspondent (Mon, 23 Feb 2009 11:21:45 GMT)

U.S. Stock-Index Futures Climb; Citigroup, GM, Exxon Advance
Feb. 23 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will rebound from two straight weeks of losses, as investors speculated the U.S. government may boost control over Citigroup Inc. (Mon, 23 Feb 2009 11:26:09 GMT)

Keep Your Cash: Five Scams to Avoid
Consumer correspondent Elisabeth Leamy responds to readers' scam experiences. (Mon, 23 Feb 2009 11:56:10 GMT)

Payday lender to close 24 NH stores
Associated Press - February 23, 2009 9:35 AM ET NASHUA, N.H. (AP) - A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan... (Mon, 23 Feb 2009 14:43:38 GMT)

Payday lender to close 24 NH stores
A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan operations can charge. (Mon, 23 Feb 2009 15:02:02 GMT)

U.S. Stocks Advance as Government Pledges More Aid for Banks
Feb. 23 (Bloomberg) -- U.S. stocks gained for the first time in six days, extending a global advance, after financial regulators pledged to inject more cash into the nation’s banks to prevent their collapse. (Mon, 23 Feb 2009 15:14:43 GMT)

German Stocks Pare Gains; Carmakers Limit Advance in DAX Index
Feb. 23 (Bloomberg) -- German stocks pared gains as carmakers declined. The benchmark DAX Index added 0.5 percent to 4,035.14 as of 1:42 p.m. in Frankfurt after rising as much as 2.4 percent earlier. (Mon, 23 Feb 2009 15:23:43 GMT)

Share your opinion and win some cash!
Take some time to fill out a survey, and you could win some cash! Florida Freedom Newspapers, including the Crestview News Bulletin, are conducting an online newspaper and Web site readership and purchasing survey. Each visitor who completes this survey (Mon, 23 Feb 2009 15:36:42 GMT)

Court Halts Internet Lending Practices
A U.S. District Court has ordered seven Internet-based lending operations to halt some of their practices after the U.S. Federal Trade Commission and the state of Nevada complained that the companies failed to disclose key loan terms and used abusive collection tactics. (Mon, 23 Feb 2009 20:20:20 GMT)

Share your opinion and win some cash! Take our survey!
Take some time to fill out a survey, and you could win some cash! Florida Freedom Newspapers, including the Port St. Joe Star, are conducting an online newspaper and Web site readership and purchasing survey. (Mon, 23 Feb 2009 22:13:52 GMT)

Share your opinion and win some cash! Take our survey!
Take some time to fill out a survey, and you could win some cash! Click here to take the survey! Florida Freedom Newspapers, including the Port St. Joe Star, are conducting an online newspaper and Web site readership and purchasing survey. Each visitor (Mon, 23 Feb 2009 22:40:34 GMT)

Police say woman stole more than $50,000 from check cashing business
(WHAS11) - Police have charged an employee of Cash in Advance, which is a company that cashes checks early. Police say 29-year-old Amanda Woodson stole more than $50,000 over a six month period from the company. (Mon, 23 Feb 2009 23:28:58 GMT)

Catalyst Telecom Remote Programming Offer Increases Efficiency, Improves Cash Flow
Catalyst Telecom, a sales unit of ScanSource, Inc., and value-added distributor of voice, video and data convergence solutions, is helping resellers improve their cash flow and become more efficient through the use of its Remote Programming services for communications solutions. (Tue, 24 Feb 2009 05:27:10 GMT)

Is 'Advance' a real marketing strategy?
"Hagerstown Advance." As one editor said, it sounds like a payday loan. (Tue, 24 Feb 2009 11:10:27 GMT)

Lender to close 24 stores
NASHUA (AP) and#8212; A second payday lender is leaving New Hampshire because of a new law capping the amount of interest short-term loan operations can charge. Advance America Cash Centers will close all 24 of its New Hampshire stores within a month,... (Tue, 24 Feb 2009 11:24:04 GMT)

Motorola: Good Bye
When Motorola acquired push e-mail provider Good Technology in November 2006, it said that the deal would "advance its vision of seamless mobility" and "strengthen Motorola as a leading provider of mobility devices." (Tue, 24 Feb 2009 14:50:33 GMT)

Feds go after seven payday loan companies
Federal and state regulators have obtained a court order in Nevada barring seven online payday loan companies from engaging in deceptive lending and collection practices, the Federal Trade Commission said Monday. (Tue, 24 Feb 2009 17:31:38 GMT)

Authorities offer cash for leads in 2007 death
David Davis died a day after he was found badly beaten in October 2007. (Tue, 24 Feb 2009 20:49:59 GMT)

US Cash Grain Review: Quiet Trade, Firm Prices
CENTRAL CITY, Neb. (Dow Jones)--Quiet conditions and fairly firm prices prevailed within most of the U.S. cash grain market Tuesday. (Tue, 24 Feb 2009 21:22:17 GMT)

Bills to limit payday loan interest rates likely dead Posted on Feb. 24
HELENA - Two lawmakers failed Tuesday to blast bills stuck in committees onto the Senate and House floors for debates on their bills limiting the interest rates charged by payday lending businesses. (Wed, 25 Feb 2009 02:18:50 GMT)

Strip-mall loan sharks can't stomach N.H. rules
If you are feeling carefree and reckless, you can still scoot across the New Hampshire border for a helmet-less motorcycle ride while smoking cheap cigarettes. But while its... (Wed, 25 Feb 2009 05:17:02 GMT)

Payday loan interest rates remain uncapped
HELENA — House lawmakers failed to revive a bill that would put a cap on payday loan interest rates. The attempt failed with a 51–49 vote. House Bill 396, sponsored by Rep. Bill Wilson, D-Great Falls, would limit interest rates to 36 percent on both payday and auto loans. (Wed, 25 Feb 2009 07:05:14 GMT)

Payday loan bills likely dead
HELENA - Two lawmakers failed Tuesday to blast bills stuck in committees onto the Senate and House floors for debates on limiting the interest rates charged by payday-lending businesses. That failure probably dooms the effort for another two years. (Wed, 25 Feb 2009 07:36:43 GMT)

Appleton West Terrors, Kaukauna Ghosts, Kimberly Papermakers advance in WIAA Division 1 girls basketball playoffs ...
LI Fast start: Marklie Munroe and Beth Sankey combined for 23 points in the first half as the Terrors jumped out to a 42-14 halftime lead over the Hawks. (Wed, 25 Feb 2009 10:27:05 GMT)

City taking steps to cover payroll costs
SHAMOKIN — With only enough money for one more payroll at the end of this week, the city has taken steps to secure an advance on tax revenues to provide much-needed cash flow. (Wed, 25 Feb 2009 10:31:35 GMT)

Stimulus' Success Is Key to Detroit's Future
Carmakers can take more Washington cash and cut costs, but unless Americans buy more cars, they're done for. (Wed, 25 Feb 2009 14:07:55 GMT)

US Cash Grain Outlook: Interior Basis Weaker, CIF Values Firm
CENTRAL CITY, Neb. (Dow Jones)--A softer undertone was evident in domestic cash grain basis Wednesday, although export basis bids for most commodities - except soybeans - continue to improve. (Wed, 25 Feb 2009 15:03:22 GMT)

Bills to regulate payday lenders fail
HELENA - Efforts to regulate payday and title loans have come up short during the 2009 Legislature. Two Democratic lawmakers were unable Tuesday to gain enough votes to blast bills stuck in committee onto the Senate and House floors for debate. (Wed, 25 Feb 2009 17:30:06 GMT)

Our View: Payday loan measure would help the poor - Wed, 25 Feb 2009 PST
Legislation has been introduced in Olympia to curb practices that trap desperate borrowers under crushing debt. The measure would reduce the fees that could be charged by payday lenders. It would extend the repayment time and require that delinquent borrowers be able to set up repayment plans without having to wait until a fourth consecutive loan with the same company. (Wed, 25 Feb 2009 17:31:02 GMT)

New crackdown on payday lenders heads to Kaine
New restrictions on payday lenders cleared their final legislative hurdle today. The Senate sent Gov. Timothy M. Kaine a measure designed to thwart an end-run by lenders on separate restrictions that took effect barely two months ago. The latest proposal prohibits most lenders from getting around a $500 cap on loans by peddling open-ended loans that carry sky’s-the-limit interest. (Wed, 25 Feb 2009 17:39:43 GMT)

Payday loan company to pay $2.5M
Four Spokane residents have won a legal victory against Pacific Financial Holdings Inc., a loan chain based in Federal Way, Wash. (Wed, 25 Feb 2009 17:59:42 GMT)

Payday loan company to pay $2.5M
Associated Press - February 25, 2009 1:05 PM ET SPOKANE, Wash. (AP) - Four Spokane residents have won a legal victory against Pacific Financial Holdings Inc., a loan chain based in Federal Way,... (Wed, 25 Feb 2009 18:14:58 GMT)

House panel approves payday lending bill
A House committee today approved a bill aimed at tracking Kentucky's payday loan industry — but consumer advocates said they are outraged the bill doesn't do more to curb what they say are widespread abuses. (Wed, 25 Feb 2009 19:29:26 GMT)

Cash Money's Kevin Rudolf to 'Let It Rock' on First Headlining Tour Presented by Live Nation
NEW YORK----Cash Money/Universal Republic Records breakthrough chart topper, Kevin Rudolf, has announced his first U.S. headlining tour, The Let It Rock Tour, presented by Live Nation, the largest producer of live music in the world. (Wed, 25 Feb 2009 20:36:00 GMT)

Scott Eyre of Philadelphia Phillies caught up in Stanford Group financial probe
Phillies relief pitcher Scott Eyre added his name Wednesday to the list of major league players whose cash flow has been disrupted by the Securities and Exchange Commission's investigation of the Stanford Group. (Wed, 25 Feb 2009 20:46:43 GMT)

TD earnings help TSX advance; N.Y. lower despite financial aid details
TORONTO - The Toronto stock market finished higher for a second day Wednesday with Canadian bank stocks receiving a solid lift after TD Bank's (TSX:TD) earnings beat expectations, showing that Canadian financial companies appear much better off than their troubled U.S. rivals. (Wed, 25 Feb 2009 21:47:00 GMT)

Payday lending bill headed to Virginia's governor
Virginia lawmakers one-upped payday lenders on Wednesday, passing a bill banning them from offering other high-interest loans. (Wed, 25 Feb 2009 21:56:16 GMT)

Carmichael Advance America Robbed
Two men robbed a check-cashing business Wednesday, the Sacramento County Sheriff's Department said. (Thu, 26 Feb 2009 00:46:31 GMT)

Payday lending bill goes to Kaine
RICHMOND | The Senate gave final approval Wednesday to legislation on payday lending and two other bills that now go to Gov. Tim Kaine. (Thu, 26 Feb 2009 03:04:48 GMT)

FTC cracks down on 'payday loan' practices
If you’re looking for quick cash with no strings attached, stay away from Internet "payday lenders" who offer loans up to $500 without requiring any documentation. The Federal Trade Commission is cracking down on companies that make borrowers promise to pay it back — with fees ranging from $35 to $80 — by the next payday, or else. If the loans are unpaid, the terms are automatically extended ... (Thu, 26 Feb 2009 06:08:21 GMT)

Banks lead early stock advance
Financial shares led a slim advance Thursday morning after Britain announced a plan to insure bank assets amid a worsening economy and Citigroup reportedly neared a deal for the U.S. government to take a bigger stake in the company. (Thu, 26 Feb 2009 09:33:01 GMT)

House panel OKs bill to track payday loans
A House committee yesterday approved a measure aimed at tracking Kentucky's payday-loan industry -- but consumer advocates are outraged that the bill doesn't do more to curb what they say are widespread abuses. (Thu, 26 Feb 2009 09:48:39 GMT)

Indian call rates end flat; cash with banks ample
(Updates to close) (Thu, 26 Feb 2009 12:55:08 GMT)

Share your opinion and win some cash! Take the survey!
Take some time to fill out a survey, and you could win some cash! Click here to take the survey! Florida Freedom Newspapers, including the Northwest Florida Daily News, are conducting an online newspaper and Web site readership and purchasing survey. Each (Thu, 26 Feb 2009 14:17:38 GMT)

U.S. Stock-Index Futures Advance; Citigroup, Wells Fargo Climb
Feb. 26 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor’s 500 Index may reverse yesterday’s loss, after President Barack Obama ’s budget proposed as much as $750 billion in new aid for the financial industry. (Thu, 26 Feb 2009 14:29:44 GMT)

U.S. Stocks Advance Further As New Home Sales Drop
U.S. Stocks Advance Further As New Home Sales Drop (Thu, 26 Feb 2009 15:56:34 GMT)

U.K. Stocks Advance, Led by Banks; Royal Bank of Scotland Soars
Feb. 26 (Bloomberg) -- U.K. stocks climbed for a second day, after Royal Bank of Scotland Group Plc said it will insure 325 billion pounds ($462 billion) of assets into a state insurance program and shift toxic assets to a new division. (Thu, 26 Feb 2009 16:53:26 GMT)

IOB offers cash credit against jewellery
CHENNAI: Indian Overseas Bank has introduced commercial cash credit against jewellery. According to a release, the advance is granted to individuals who own jewels, engaged in business activities such as small business, trade, professional and ... (Thu, 26 Feb 2009 19:23:01 GMT)

OXiGENE Reports Year-End 2008 Cash, Cash Equivalents and Marketable Securities Balance and Provides Corporate Update ...
WALTHAM, Mass., Feb. 26, 2009 -- OXiGENE, Inc. , a clinical-stage, biopharmaceutical company developing novel therapeutics to treat cancer and eye diseases, reported cash, cash equivalents and marketable securities balances for the year ending December 31, 2008. (Thu, 26 Feb 2009 21:00:00 GMT)

Global Cash Access Reports Fourth Quarter and Fiscal Year 2008 Results
LAS VEGAS----Global Cash Access Holdings, Inc. today announced preliminary, unaudited financial results for the quarter and fiscal year ended December 31, 2008. (Thu, 26 Feb 2009 21:09:00 GMT)

Cash crisis at Newcastle is Shepherd's fault, claims Llambias
Cash crisis at Newcastle is Shepherd's fault, claims Llambias (Thu, 26 Feb 2009 23:16:13 GMT)

OZ Minerals Extends Debt Refinancing Deadline; Shares Advance
Feb. 27 (Bloomberg) -- OZ Minerals Ltd. extended a deadline to refinance A$1.2 billion ($776 million) debt, clearing a hurdle for an agreed takeover of the world’s second largest zinc mining company by China Minmetals Group. Its shares rose. (Fri, 27 Feb 2009 01:39:23 GMT)

Lawmakers mull compromise payday loan bill
After more than a dozen bills aimed at regulating payday lending prompted opposition from the cash-checking industry and strong lobbying from consumer advocate, lawmakers say a possible compromise has emerged. (Fri, 27 Feb 2009 05:08:43 GMT)

Sondheim Stalls, Spidey Cools Heels in Broadway’s Cash Crisis
Feb. 27 (Bloomberg) -- Not even a tin cup in the outstretched hand of Stephen Sondheim was enough to save the $4.5 million Broadway tryout of his new musical, “iSondheim.” (Fri, 27 Feb 2009 05:26:28 GMT)

Prebul Auto Trustee Asks Access To Cash To Keep Dealerships Open Farinash Says Each Unit To Have At Least 1 Service ...
Jerry Farinash, the trustee in the Prebul Auto Group bankruptcy, said he needs access to cash to keep the dealerships open at least with a skeleton crew. (Fri, 27 Feb 2009 14:07:44 GMT)

Harper: Stimulus spending needs fast track
Canadian Prime Minister Stephen Harper asked Parliament to let him bypass normal approvals to release of $3 billion in immediately stimulus spending.Harper, whose Conservative Party holds a minority Parliament position, said lawmakers needed to take shortcuts, including not knowing the spending's details in advance, to fast-track a needed short-term cash infusion between April and June.Under ... (Fri, 27 Feb 2009 15:37:04 GMT)

Share your opinion and win some cash! Take our survey!
Take some time to fill out a survey, and you could win some cash! Click here to take the survey! Florida Freedom Newspapers, including The News Herald, are conducting an online newspaper and Web site readership and purchasing survey. Each visitor (Fri, 27 Feb 2009 16:29:35 GMT)

Wash. lawmakers: Compromise on payday lending regs
After more than a dozen bills aimed at regulating payday lending prompted opposition from the cash-checking industry and strong lobbying from consumer advocate, Washington state lawmakers say a possible compromise has emerged. (Fri, 27 Feb 2009 17:00:58 GMT)

After flurry of bills, possible compromise emerges on payday lending issue in Washington state
After more than a dozen bills aimed at regulating payday lending prompted opposition from the cash-checking industry and strong lobbying from (Fri, 27 Feb 2009 17:44:00 GMT)

Sector Snap: Payday lender shares hit for 2nd day
Shares of several payday lenders and pawn shop owners continued to fall for a second day Friday amid signs of tighter short-term consumer loan regulation at the federal and state levels. (Fri, 27 Feb 2009 18:10:14 GMT)

Noon Rotary holds music contest
The Temecula Noon Rotary Club recently held its 10th Annual Rotary Music Contest, designed for high school musicians to showcase their talent. Thirteen contestants from schools in Temecula, Murrieta and the surrounding area competed to win cash prizes and the opportunity to advance to the district finals. The repertoire is classical for instrumentalists and pianists and musical theater or ... (Fri, 27 Feb 2009 19:31:21 GMT)

Lawmakers: Compromise on payday lending regulation
SEATTLE — After more than a dozen bills aimed at regulating payday lending prompted opposition from the cash-checking industry and strong lobbying from consumer advocates, lawmakers say a possible compromise has emerged. (Fri, 27 Feb 2009 21:07:09 GMT)

AllNighters advance to regional semifinals
When the first runner up of the International Championship of Collegiate A Cappella (ICCA) Mid-Atlantic Quarterfinals was announced last Saturday, Shriver Hall exploded into thunderous applause for the home team. The all-male Hopkins AllNighters, participants at the competition hosted by the Octopodes, will advance to the semifinal show as first runner up, which will take place on Friday at ... (Fri, 27 Feb 2009 23:38:42 GMT)

CLOUT seeks to cap payday loans
An effort to cap interest rates on payday loans in Kentucky may not happen this year, but a coalition of Louisville churches is still taking up the cause. (Sat, 28 Feb 2009 09:49:07 GMT)

Lowest gas prices on Staten Island -- Saturday, Feb. 28, 2009
The lowest cash gas prices on Staten Island can be found at the Hess Station at 2488 Hylan Blvd. in New Dorp. The station has a listed price of $2.03 per gallon of unleaded regular, according to NewYorkGasPrices.com.... (Sat, 28 Feb 2009 14:47:57 GMT)

Takeover bid sends message Agrium is here to stay: analyst
As virtually every Canadian resource company cuts capital spending and tries to preserve cash, Agrium Inc. is attempting something the Canadian industry has not seen in a long time: a multi-billion-dollar international hostile takeover. (Sat, 28 Feb 2009 17:51:58 GMT)

Entertainment Calendar, Feb. 26, 2009
THE MIX Charity Texas Hold-Em, benefits FOP No. 99, Big Game Room, 1040 E. Sternberg. Grand Opening, 5 p.m.-2 a.m. Thursday and Friday and 2 p.m.-2 a.m. Saturday and Sunday. Cash and tournaments daily. Call (616) 502-7843. "I Have a... (Sat, 28 Feb 2009 23:02:58 GMT)

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