Cash Advance News Apr 2009

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Senate must adopt strong payday lending legislation
WHEN SURE-MINDED Senate President Pro Tem Glenn McConnell yields to the will of the S.C. House, it’s worth taking note. So when Mr. McConnell led the charge to water down a strong bill to regulate payday lending last week under the guise of passing something the House would approve of, we paid attention. Typically, Mr. McConnell takes the position that the Senate must do what it sees fit, ... (Wed, 01 Apr 2009 04:23:01 GMT)

Cleveland: McKenzie accused of 'loan sharking'
A group of Florida residents is hoping a judge won’t allow Cleveland, Tenn., resident Steve A. “Toby” McKenzie, who has filed for bankruptcy, to avoid their claims that he defrauded them out of their wages with the kinds of “payday loan” practices that made him a millionaire in the 1990s. (Wed, 01 Apr 2009 04:25:20 GMT)

Sacramento Cracks Down On Check Cashing Businesses
SACRAMENTO - For those in need of some quick cash , check cashing businesses are where they go to cash in. It's instant money in your pocket, but Sacramento city leaders see it differently. " This is legalized loan sharking and it preys on the poor ," said City Councilwoman Sandy Sheedy. On Tuesday night, the city council unanimously approved an ordinance restricting new check cashing and ... (Wed, 01 Apr 2009 05:53:58 GMT)

Check 'n Go Leads the Payday Loan Industry in Education
Check 'n Go, a leading payday loan provider, leads the industry in providing consumers with preventive measures to avoid financial emergencies. The recently expanded Financial Advice section found on www.checkngo.com is designed to help educate consumers about financial issues that may arise while starting a fitness program, making a major financial purchase and much more. (Wed, 01 Apr 2009 07:01:00 GMT)

Advance Nanotech Reports Full Year 2008 Financial Results
Advance Nanotech, Inc. today reported financial results for its full year ended December 31, 2008. The Company generated revenues of $3.3 million in 2008 compared to $512,350 in 2007, representing an increase of $2.8 million. Revenue growth was fueled by sales of its Lonestar and Vapor Generator products, along with contracted, instructional and set-up services provided to customers. (Wed, 01 Apr 2009 11:00:00 GMT)

Advance Nanotech Reports Full Year 2008 Financial Results
NEW YORK, NY--(Marketwire - April 1, 2009) - Advance Nanotech, Inc. ( OTCBB : AVNA ) today reported financial results for its full year ended December 31, 2008. The Company generated revenues of $3.3 million in 2008 compared to $512,350 in 2007, representing an increase of $2.8 million. Revenue growth was fueled by sales of its Lonestar and Vapor Generator products, along with contracted, ... (Wed, 01 Apr 2009 11:11:37 GMT)

Plan to help school sixth forms
A council plans a sixth-form cash injection after school heads warn they are facing a cash crisis. (Wed, 01 Apr 2009 11:17:29 GMT)

MARKET SNAPSHOT: March Advance Overshadows Lousy Quarter For Dividend Payouts
While March proved positive for equities, with the S&P 500 up 8.5% from February, the month also capped one of the worst quarters for shareholders, with companies slashing dividends by the most since Standard & Poor's began keeping record in 1955. (Wed, 01 Apr 2009 15:58:30 GMT)

March advance overshadows lousy quarter for dividend payouts
While March proved positive for equities, with the S&P 500 up 8.5% from February, the month also capped one of the worst quarters for shareholders, with companies slashing dividends by the most since Standard & Poor's began keeping records in 1955. (Wed, 01 Apr 2009 16:48:00 GMT)

Men hold loan store employees at gunpoint
Two men are wanted for robbing a cash advance store and holding the employees at gunpoint. (Wed, 01 Apr 2009 16:54:41 GMT)

New Alternative for Payday Loans
Head down Caldwell Boulevard in Nampa and you'll no doubt notice nearly a dozen payday loan stories within a mile of each other. (Wed, 01 Apr 2009 18:09:09 GMT)

Douglas Dispatch
PHOENIX State lawmakers derailed at least temporarily a proposal that would replace payday lending with another type of highinterest loan. The 44 vote Monday night by the House Banking and Insurance Committee came after Rep. Doug Quelland, RPhoenix, refused to side with fellow Republicans. (Wed, 01 Apr 2009 21:19:18 GMT)

Check-cashing lobby spends big to defeat new regulations
Payday lenders are girding for a million-dollar lobbying campaign this year to beat back legislation on Capitol Hill that would put... (Wed, 01 Apr 2009 23:44:36 GMT)

Payday Loan Reform Divides Businesses, Churches
A local lawmaker is pushing added restrictions on payday lending in Missouri. State House Representative John Burnett calls it legal loan-sharking that needs reform. (Thu, 02 Apr 2009 03:08:45 GMT)

Take Your Money and Shove It, Governors Tell Obama: Ann Woolner
April 2 (Bloomberg) -- Tossing bags of billions of federal bucks at state and local governments desperately in need of cash hasn’t everywhere elicited tears of gratitude or knees bent in thanksgiving to the Obama administration. (Thu, 02 Apr 2009 04:23:57 GMT)

Great News for all Payday Power Customers
Payday Power is offering a new service that will save customers a tremendous amount of time and hassle getting a fast loan thanks to us being able to send an application for approval to more than just one provider, giving customers greater chance of success in securing a payday loan. This fast, easy and convenient new service is simply brilliant. (Thu, 02 Apr 2009 07:01:00 GMT)

HSBC shares jump 15 percent in HK to 1-month high
Shares of HSBC vaulted over 15 percent in Hong Kong in their biggest daily advance in five months on Thursday, joining a global bank rally spurred by encouraging U.S. data and an expected easing of accounting rules. (Thu, 02 Apr 2009 08:06:55 GMT)

HSBC shares jump 15pc in HK to one-month high
HONG KONG, April 2 — Shares of HSBC vaulted over 15 per cent in Hong Kong in their biggest daily advance in five months today, joining a global bank rally spurred by encouraging US data and an expected easing of accounting rules. By 0745 GMT (3.45pm), shares in HSBC had rallied 15.4 percent to HK$49.50 (RM23), after touching HK$49.60 earlier — their highest level since it announced its cash call ... (Thu, 02 Apr 2009 09:08:50 GMT)

European Bonds Drop Before ECB Rate Decision, as Stocks Advance
April 2 (Bloomberg) -- European government bonds fell as stocks surged and investors speculated policy makers will reduce the euro region’s benchmark interest rate to 1 percent. (Thu, 02 Apr 2009 10:59:45 GMT)

U.S. Stock-Index Futures Advance; Citigroup, GM, Alcoa Gain
April 2 (Bloomberg) -- U.S. stock futures climbed, indicating the Standard & Poor’s 500 Index will rise for a third day, as the Group of 20 met amid growing speculation the worst of the global recession may be over. (Thu, 02 Apr 2009 12:12:10 GMT)

Big Dividends And Buckets Of Cash
Steve Scott reviews five companies that offer the security of a pile of cash plus a handsome level of dividend payments. (Thu, 02 Apr 2009 13:15:24 GMT)

US Cash Grain Outlook:Heavy Farmer Sales Weigh On Corn Basis
CENTRAL CITY, Neb. (Dow Jones)--Corn basis was in retreat across much of the US Thursday, as national supply pipelines sought to asorb a swell of sales from farmers actively capturing some of the highest cash prices of the year. (Thu, 02 Apr 2009 14:01:03 GMT)

U.S. Stocks Advance; Citigroup, Exxon, Freeport-McMoRan Gain
April 2 (Bloomberg) -- U.S. stocks rose for a third day as accounting regulators approved a rule change that may improve bank profits and world leaders neared agreement on measures to fight the global recession. (Thu, 02 Apr 2009 14:09:40 GMT)

Payday Loan Reform Act Must Be Strengthened
The following is a statement by Michael Calhoun, President, Center for Responsible Lending: (Thu, 02 Apr 2009 14:27:00 GMT)

U.S. Treasuries Decline as G-20 Leaders Meet, Stocks Advance
April 2 (Bloomberg) -- Treasuries fell as leaders of the Group of 20 nations neared agreement on measures to fight the recession and stocks rallied. Ten-year notes dropped for the first time in four days as accounting regulators voted to relax so-called “mark-to-market” rules. (Thu, 02 Apr 2009 15:29:30 GMT)

McAuliffe outlines economic plan
Terry McAuliffe is promoting economic security steps including protections on homeownership, retirement benefits, easing loan burdens for college graduates and a prohibition on pay day lending. (Thu, 02 Apr 2009 16:44:00 GMT)

US Consumer, Industry Groups Oppose Payday Loan Legislation
WASHINGTON -(Dow Jones)- In an ironic twist, both consumer groups and the payday lending industry are opposing legislation aimed at protecting borrowers seeking small, short-term loans. (Thu, 02 Apr 2009 16:57:34 GMT)

Castle Gold to Advance Crushing Plant Enhancement at El Castillo Gold Mine Offering US$34 Per Ounce Reduction in Cash ...
CASTLE GOLD CORPORATION(TSX-V: CSG) is pleased to announce that it has completed an internal study on an enhancement to its crushing plant at the Company's 100% owned El Castillo gold mine in Durango State, Mexico. (Thu, 02 Apr 2009 18:48:00 GMT)

Castle Gold to Advance Crushing Plant Enhancement at El Castillo Gold Mine Offering US$34 Per Ounce Reduction in Cash ...
TORONTO, ONTARIO-- - CASTLE GOLD CORPORATION is pleased to announce that it has completed an internal study on an enhancement to its crushing plant at the Company's 100% owned El Castillo gold mine in Durango State, Mexico. (Thu, 02 Apr 2009 18:48:12 GMT)

Castle Gold to Advance Crushing Plant Enhancement at El Castillo Gold Mine Offering US$34 Per Ounce Reduction in Cash ...
TORONTO, ONTARIO--(Marketwire - April 2, 2009) - CASTLE GOLD CORPORATION (Castle Gold, the Company)(TSX VENTURE:CSG) is pleased to announce that it has completed an internal study on an enhancement to its crushing plant at the Company's 100% owned El Castillo gold mine in Durango State, Mexico. The investment is for a total of US$1.0 million for the purchase and installation of a portable ... (Thu, 02 Apr 2009 18:49:54 GMT)

THE INFLUENCE GAME: Payday lenders deploy lobbyists, campaign cash to fight regulation
WASHINGTON - The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Thu, 02 Apr 2009 20:12:14 GMT)

THE INFLUENCE GAME: Payday lenders thwart limits
The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. The strategy has paid off. Now a top Democrat who once tried to ban the practice is... (Thu, 02 Apr 2009 20:29:16 GMT)

Payday lenders flex lobbying muscle
Washington » The payday loan industry, threatened by Congress with extinction, has successfully deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Thu, 02 Apr 2009 23:34:24 GMT)

Payday lenders thwart limits
WASHINGTON (AP) - A House lawmaker who once tried to abolish the payday loan industry is now pushing to regulate it instead, a result, he says, of the industry's aggressive lobbying. (Fri, 03 Apr 2009 00:24:04 GMT)

Payday lenders thwart limits
Associated Press - April 2, 2009 8:13 PM ET WASHINGTON (AP) - A House lawmaker who once tried to abolish the payday loan industry is now pushing to regulate it instead, a result, he says, of... (Fri, 03 Apr 2009 00:26:44 GMT)

Gubernatorial hopeful McAuliffe calls for a payday-lending ban; other Democrats follow suit.
Terry McAuliffe is starting a pile-on by Democratic gubernatorial candidates of the high-interest instant-loan industry, proposing the state kick out payday lenders. “We need to shut them all down; they only shove people into worse economic conditions,“ McAuliffe said yesterday. McAuliffe’s two foes in the June 9 primary echoed his proposal, though both Sen. R. Creigh Deeds of Bath County and ... (Fri, 03 Apr 2009 04:07:57 GMT)

American Airlines in talks with Citi to boost cash: report
AMR Corp's American Airlines is in early talks to raise cash from its credit card partner, Citigroup , by selling it frequent flyer miles, the Financial Times reported citing people familiar with the matter. (Fri, 03 Apr 2009 05:33:45 GMT)

American Airlines in talks with Citi to boost cash: report
(Reuters) - AMR Corp's American Airlines is in early talks to raise cash from its credit card partner, Citigroup , by selling it frequent flyer miles, the Financial Times reported citing people familiar with the matter. (Fri, 03 Apr 2009 05:33:45 GMT)

(AFX UK Focus) 2009-04-03 06:29 American Airlines in talks with Citi to boost cash-FT
April 3 (Reuters) - AMR Corp's American Airlines is in early talks to raise cash from its credit card partner, Citigroup, by selling it frequent flyer miles, the Financial Times reported citing people familiar with the matter. In a report on its website, the paper said the two companies were in discussion over an arrangement in which American Airlines would sell Citigroup a block of ... (Fri, 03 Apr 2009 05:53:45 GMT)

Australian, N.Z. Dollars Set for Fifth Weekly Advance on Stocks
April 3 (Bloomberg) -- The Australian and New Zealand dollars are set for a fifth weekly gain as equities strengthened globally on efforts by world leaders to end the financial crisis. (Fri, 03 Apr 2009 06:08:25 GMT)

Lobbying clout by payday-loan industry takes the bite out of bill
The payday-loan industry, threatened by Congress with extinction, has deployed well- connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Fri, 03 Apr 2009 06:46:21 GMT)

Payday lenders fight legislation limiting activity
WASHINGTON -- The payday loan industry, threatened by Congress with extinction, has de ployed well-connected lob byists and hefty sums of campaign cash to key law makers to save itself. (Fri, 03 Apr 2009 15:42:32 GMT)

Pinpoint Advance Corp. Announces Record Date and Date of Special Meeting of Stockholders for Redemption of IPO Shares ...
Pinpoint Advance Corp. ("Pinpoint" or the "Company"), a special purpose acquisition company, announced today that stockholders of record as of April 7, 2009 will be invited to attend Pinpoint's special meeting of stockholders scheduled to be held on May 15, 2009. (Fri, 03 Apr 2009 19:26:00 GMT)

Pinpoint Advance Corp. Announces Record Date and Date of Special Meeting of Stockholders for Redemption of IPO Shares ...
NEW YORK, NY--(Marketwire - April 3, 2009) - Pinpoint Advance Corp. ( OTCBB : PPAC ) ("Pinpoint" or the "Company"), a special purpose acquisition company, announced today that stockholders of record as of April 7, 2009 (the "Record Date") will be invited to attend Pinpoint's special meeting of stockholders scheduled to be held on May 15, 2009. Because Pinpoint will not complete a business ... (Fri, 03 Apr 2009 19:34:23 GMT)

Targeted Genetics' Cash Dwindles as Company Fails to Secure Needed Funding
Officials from Targeted Genetics announced this week that it has not been able to raise much-needed capital, raising questions about the firm's ability to advance its priority drug-development programs. (Fri, 03 Apr 2009 19:41:23 GMT)

US Cash Grain Review: Market Makes Multi-Month Highs
CENTRAL CITY, Neb. (Dow Jones)--U.S. cash grain appreciated in value by nearly 5% to 15% this week, amid of bullish convergence of adverse weather, and tightening supply/demand fundamentals. (Fri, 03 Apr 2009 20:14:11 GMT)

/ CORRECTION - Pinpoint Advance Corp. Announces Record Date and Date of Special Meeting of Stockholders for Redemption ...
In the news release, "Pinpoint Advance Corp. Announces Record Date and Date of Special Meeting of Stockholders for Redemption of IPO Shares and Continuance of Corporate Existence," issued earlier today by Pinpoint Advance Corp., we are advised by the company that the "Record Date" should be "April 8, 2009" as opposed to "April 7, 2009," as originally issued. (Fri, 03 Apr 2009 23:07:00 GMT)

Pinpoint Advance Corp. Announces Record Date and Date of Special Meeting of Stockholders for Redemption of IPO Shares ...
NEW YORK, NY--(Marketwire - April 3, 2009) - Pinpoint Advance Corp. ( OTCBB : PPAC ) ("Pinpoint" or the "Company"), a special purpose acquisition company, announced today that stockholders of record as of April 8, 2009 (the "Record Date") will be invited to attend Pinpoint's special meeting of stockholders scheduled to be held on May 15, 2009. Because Pinpoint will not complete a business ... (Fri, 03 Apr 2009 23:33:53 GMT)

Andy Staples: NCAA rolls dice by picking Detroit
DETROIT -- So Ty Lawson won a little cash rolling dice in advance of the Final Four? It could have been worse for NCAA officials, who seem embarrassed and even a little surprised that when they brought four groups of 18- to 22-year-olds to a city without much nighttime entertainment other than a few downtown casinos, a few of-age players actually took advantage of their legal right to patronize ... (Sat, 04 Apr 2009 02:42:14 GMT)

Lobbyists – and money – have changed some views of payday lending
WASHINGTON – The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. The strategy has paid off. ... - By JULIE HIRSCHFELD DAVIS The Associated Press (Sun, 05 Apr 2009 04:23:57 GMT)

D.C. payday lender bill jeopardizes AZ law
Arizona voters made it clear last year they don't want payday lenders in the state. But the defeat of Proposition 200 by a wide margin could become moot depending on what happens in Washington where lawmakers are weighing the first-ever federal regulations of the industry. Payday lenders thwart limits (Sun, 05 Apr 2009 04:44:44 GMT)

Payday loan industry turns to Congress
WASHINGTON — The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Sun, 05 Apr 2009 07:16:41 GMT)

What's coming up in your town?
A Chicken and Dumpling Dinner will be held from 4:30 to 7:30 p.m. at the Bloomsbury Presbyterian Church, 66 Church St. For advance tickets, call (908) 479-6421. Cost is $7.50 for adults, $8.50 at the door. Cost is $5 for children 6-12. Children under 6 are free. (Sun, 05 Apr 2009 16:03:36 GMT)

HSBC shares jump 15 percent in HK to 1-month high
HONG KONG (Reuters) - Shares of HSBC vaulted over 15 percent in Hong Kong in their biggest daily advance in five months on Thursday, joining a global bank rally spurred by encouraging U.S. data and an expected easing of accounting rules. (Sun, 05 Apr 2009 17:05:25 GMT)

Youth Engineering and Science Fair winners
Sierra Vista, March 13- Jessica Jackson, Qianying Lin, Thao Ngo, and Lissi Welton of Buena High School will advance to the 2009 Intel International Science and Engineering Fair as a result of being grand prize winners in the 9-12 division of the 2009 Youth Engineering and Science (YES) Fair. YES Fair Coordinator David Bane made the announcement at the Fair's award ceremony Thursday evening, ... (Mon, 06 Apr 2009 01:40:14 GMT)

Banks offer payday loans for quick cash
Some big banks with major operations in Middle Tennessee are trying to cash in on strapped-for-cash customers. (Mon, 06 Apr 2009 04:25:58 GMT)

Scams: Still parting people from their cash
Patsy Phillips, 74, was skeptical of the pitch two men gave as they came knocking on doors in her neighborhood one February afternoon. (Mon, 06 Apr 2009 05:13:47 GMT)

Simply Red sue EMI over album sales cash
Simply Red the soulinfluenced pop band is suing record company EMI for at least £300000 claiming that it is owed the money for sales of a greatest hits album released last year. (Mon, 06 Apr 2009 05:39:05 GMT)

Landlords agree on retail cost-saving scheme
The British Property Federation (BPF) said some of its landlord members had agreed a plan to help retailers manage their rent payments after criticisms that the existing system was causing cash-flow problems. (Mon, 06 Apr 2009 07:27:00 GMT)

Payday lenders thwart limits
WASHINGTON (AP) — The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Mon, 06 Apr 2009 15:25:48 GMT)

Real Estate Live
Post Real Estate editor Maryann Haggerty and author Elizabeth Razzi discussed the local housing market -- from condos and investment properties to contracts and mortgages. (Mon, 06 Apr 2009 16:39:15 GMT)

US Cash Cattle Midday: Markets Very Quiet
KANSAS CITY (Dow Jones)--Cash cattle markets were very quiet Monday morning. Market analysts and brokers said no bids or offers were being reported by feedlot managers or other cattle traders, and none were expected until Tuesday at the earliest. (Mon, 06 Apr 2009 17:20:05 GMT)

US Cash Hogs Midday: Steady-Weak In Light Volume Trade
KANSAS CITY (Dow Jones)--The Midwest direct hog markets Monday are reported steady to weaker in light volume trading as most plants are gearing down on buying ahead of the Easter holiday. (Mon, 06 Apr 2009 17:27:49 GMT)

Robbers hold up Portsmouth payday loan business
Two men robbed the Fast Auto & Payday Loans branch at 5200 George Washington Highway shortly before 3 p.m. today, police reported. While one of the men asked a clerk about a loan, the second pulled out a handgun and demanded money. They herded the clerks to the back of the business and ran off with an undisclosed amount of cash, police wrote in a news release. (Mon, 06 Apr 2009 20:10:39 GMT)

THE INFLUENCE GAME: Payday lenders thwart limits
WASHINGTON -- The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Tue, 07 Apr 2009 00:20:45 GMT)

Yosano Says Finding Cash for Stimulus Is ‘Major Task’ (Update1)
April 7 (Bloomberg) -- Japanese Finance Minister Kaoru Yosano said finding the 10 trillion yen ($100 billion) or more to pay for the next economic stimulus package will be a “major task” because of the government’s growing debt burden. (Tue, 07 Apr 2009 02:01:50 GMT)

Kolb Named Assembly Minority Leader
Local Republican State Assemblyman Brian Kolb is the new assembly minority leader. Kolb's Republican colleagues elected him to the position Monday. He pledged to continue building the Assembly Republican Committee and advance its common sense agenda. (Tue, 07 Apr 2009 02:26:33 GMT)

Payday brings a little extra
If you haven't already, you should be getting a fatter paycheck soon. That is if you're among the 110 million families to benefit from the government's economic stimulus plan. (Tue, 07 Apr 2009 05:23:16 GMT)

DPS gets advance for 2 months of state aid
The state has agreed to advance two months of state aid to the Detroit Public Schools, according to a letter from the Michigan Department of Education today. (Tue, 07 Apr 2009 05:49:18 GMT)

LCCC, Kalt get stimulus cash
NORTH RIDGEVILLE — One of Lorain County’s most advanced manufacturing facilities could expand with the release of $1.1 million in funding from the state controlling board on Monday. State Sen. Sue Morano, D-Lorain, announced a $100,000 grant and a $1 million low-interest loan to Kalt Manufacturing Co. on Sugar Ridge Road. The state [...] (Tue, 07 Apr 2009 06:35:08 GMT)

Advance Nanotech's Owlstone Granted Two Additional U.S. Patents
Advance Nanotech, Inc. announced today that its Owlstone Nanotech, Inc. subsidiary has been been granted two additional patents by the United States Patent office. This issuance brings the total issued patent portfolio to four. (Tue, 07 Apr 2009 12:00:00 GMT)

Advance Nanotech's Owlstone Granted Two Additional U.S. Patents
NEW YORK, NY--(Marketwire - April 7, 2009) - Advance Nanotech, Inc. ( OTCBB : AVNA ) announced today that its Owlstone Nanotech, Inc. subsidiary has been been granted two additional patents by the United States Patent office. This issuance brings the total issued patent portfolio to four. Additionally, the Company has ten patent applications submitted and awaiting response and four patent ... (Tue, 07 Apr 2009 12:07:39 GMT)

Business Cash Advance.com Partners with Allied Business Network
CORAL SPRINGS, Fla.----Business Cash Advance.com, a major provider of merchant cash advances to small businesses that are unable to secure capital from banks or credit cards, today partnered with Allied Business Network , a collection of more than 25,000 members, including businesses and individuals, that receive discounts on business services and office supplies. (Tue, 07 Apr 2009 14:42:00 GMT)

Johnson says payday lenders need oversight, not overregulation
Sen. Tim Johnson, a member of the Senate Banking Committee, pledged Monday to remain vigilant against predatory lending practices by the payday loan industry, which donated thousands of dollars to his 2008 campaign. (Tue, 07 Apr 2009 15:01:25 GMT)

THE INFLUENCE GAME: Payday lenders deploy lobbyists, campaign cash to fight regulation
WASHINGTON (AP) — The payday loan industry, threatened by Congress with extinction, has deployed well-connected lobbyists and hefty sums of campaign cash to key lawmakers to save itself. (Tue, 07 Apr 2009 16:50:20 GMT)

Durbin: payday loans 'nothing short of outrageous'
Senator Dick Durbin says some of the interest rates charged by payday loans are "nothing short of outrageous." (Tue, 07 Apr 2009 18:33:56 GMT)

Durbin Goes To Battle With Payday Loan Shops
U.S. Sen. Richard Durbin (D-Ill.) said Tuesday that some of the interest rates charged by payday loans are "nothing short of outrageous," and he is sponsoring a bill to limit those rates. (Tue, 07 Apr 2009 19:09:56 GMT)

Tightening leash on payday loans
UNDATED — How about paying 50% interest on a loan? Or maybe more? Sound like a bad deal? Millions do it all the time through payday loan advances. Now the government wants to put a stop to it. Some of these loans have been cited as going up to 400% on interest, but the people who use this service are usually those who have no other way to get loans when they're in a pinch. Dave Domain's wife ... (Tue, 07 Apr 2009 22:31:48 GMT)

Federal Alternative to Payday Loans
The FDIC has a pilot program that encourages banks to give small, quick loans with much lower interest than payday loan businesses. (Tue, 07 Apr 2009 23:18:09 GMT)

People don't need financial choice removed
An editorial [Dec. 23] suggested that the "unraveling" of the economy is a good time for the legislature to "rein in" the payday lending industry. (Wed, 08 Apr 2009 03:03:50 GMT)

High-end shops cash in on Easter candy craze
With Easter a week away, high-end chocolate shops hope to cash in on the country's candy craze. There's good reason for confectioners to invest in items such as fancy candy nests, chocolate-dipped Peeps and edible Easter baskets. (Wed, 08 Apr 2009 04:08:34 GMT)

S.L. mulls limits on payday lenders
Patricia Bailey, tight on money, turned to a payday lender for help. (Wed, 08 Apr 2009 06:30:05 GMT)

Congressional Hearings Confirms That States are Doing a Good Job at Regulating Short Term Lending
A House Financial Institutions and Consumer Credit Subcommittee hearing held April 2, 2009 for H.R. 1214, the Payday Loan Reform Act, included testimony about the effectiveness of state payday lending regulation. (Wed, 08 Apr 2009 10:00:00 GMT)

Morgan Drexen Offers a $1000 Cash Advance to Struggling American Families Through the Attorney-Supervised Emergency ...
Morgan Drexen, the country's leading debt settlement services provider to consumer advocate law firms, is now offering up to a $1000 cash advance as part of the company's innovative Morgan Drexen's Emergency Direct Assistance Fund . (Wed, 08 Apr 2009 10:13:00 GMT)

Indian Stocks Rise for a Fifth Day; Reliance, Larsen Advance
April 8 (Bloomberg) -- Indian stocks rose for a fifth day, boosting the benchmark index to its highest in almost six months, on speculation overseas investors stepped up purchases of the nation’s equities. (Wed, 08 Apr 2009 11:15:43 GMT)

Economy Makes Cash King; Metro Detroit Entrepreneur Opens State of the Art, Upscale Jewelry and Loan Shop in Pontiac, ...
PONTIAC, Mich.----Detroit area entrepreneur Phil Locke is taking the stereotypical pawn shop out of the dark ages and into the modern world, by opening his upscale Premier Jewelry & Loan Store, 29 S. (Wed, 08 Apr 2009 11:17:00 GMT)

Advance Nanotech's Owlstone Subsidiary Receives Third Contract From Selex Galileo
Advance Nanotech, Inc. today announced that the Company's majority owned subsidiary, Owlstone Nanotech, Inc., has received a follow-on order from SELEX Galileo totaling $272,000. SELEX Galileo, a Finmeccanica company and one of Europe's foremost Aerospace and Defense organizations, is a leader in surveillance, protection, tracking, targeting, navigation & control and imaging systems. This ... (Wed, 08 Apr 2009 12:00:00 GMT)

Advance Nanotech's Owlstone Subsidiary Receives Third Contract From Selex Galileo
NEW YORK, NY--(Marketwire - April 8, 2009) - Advance Nanotech, Inc. ( OTCBB : AVNA ) today announced that the Company's majority owned subsidiary, Owlstone Nanotech, Inc., has received a follow-on order from SELEX Galileo totaling $272,000. SELEX Galileo, a Finmeccanica company and one of Europe's foremost Aerospace and Defense organizations, is a leader in surveillance, protection, tracking, ... (Wed, 08 Apr 2009 12:06:14 GMT)

Tech Stocks Advance Led By Juniper Networks
Tech Stocks Advance Led By Juniper Networks (Wed, 08 Apr 2009 14:04:56 GMT)

WANTED: Credit card fraud suspect sought
Police say this woman used a stolen Target Visa card on Jan. 22, 2008, to obtain a $2,250 cash advance at a Bank of America branch in El Segundo. (Wed, 08 Apr 2009 15:34:58 GMT)

Past trouble with payday loans? We want to hear about it
Have you had past troubles with a payday loan? Are you willing to share your story? (Wed, 08 Apr 2009 22:02:16 GMT)

Past trouble with payday loans? We want to hear about it
Have you had past troubles with a payday loan? Are you willing to share your story? (Thu, 09 Apr 2009 06:54:34 GMT)

Texas Legislature: Report spurs new payday loan concerns
AUSTIN -- Hispanics in Texas are the top users of high-interest payday loans, and many wind up repaying far more in fees and interest than they borrowed, according to a study released Wednesday by a nonprofit group. (Thu, 09 Apr 2009 09:11:10 GMT)

Cash America First Quarter Results above Expectations
FORT WORTH, Texas----Cash America International, Inc. announced today that it expects its earnings for the first quarter ended March 31, 2009, to significantly exceed its previously released guidance for the quarter. (Thu, 09 Apr 2009 11:00:00 GMT)

Commodities, Stocks Advance on Economy; Yen, Treasuries Retreat
April 9 (Bloomberg) -- Commodities advanced and stocks gained worldwide on speculation that government measures to revive economies and rescue financial firms are working. (Thu, 09 Apr 2009 12:35:56 GMT)

De Beers Diamond Sales Advance, Remain Below Normal (Update2)
April 9 (Bloomberg) -- De Beers , the world’s largest diamond producer, said sales are rising this year after demand plunged in 2008 because of the worldwide economic slowdown. (Thu, 09 Apr 2009 15:35:05 GMT)

Cash America expects good things for first quarter 2009
Cash America International Inc. announced it expects to exceed its own guidance for first quarter 2009 results with about two weeks to go before the Fort Worth-based pawn shop operator releases the financial report, due April 23. (Thu, 09 Apr 2009 15:37:19 GMT)

Cash America expects better Q1
Pawn shop operator and short-term lender Cash America International Inc. is forecasting higher than originally anticipated first-quarter earnings. (CSH) (Thu, 09 Apr 2009 16:02:53 GMT)

Rollover Bans Don't Stop Payday Trap
Payday industry's support of false reform has preserved its predatory business model in state after state (Thu, 09 Apr 2009 16:03:00 GMT)

Cash America Rises After Profit Tops Company Forecast (Update1)
April 9 (Bloomberg) -- Cash America International Inc., the world’s largest operator of pawn shops, jumped as much as 21 percent in U.S. trading after preliminary first-quarter earnings topped the company’s forecast. (Thu, 09 Apr 2009 16:12:11 GMT)

Cash America boosts 1Q profit estimates
Shares of payday lender Cash America International Inc. jumped 18 percent Thursday after the company said it expects to report that its first-quarter profit exceeded earlier estimates. (Thu, 09 Apr 2009 17:45:36 GMT)

Why Mick Jagger's really Jumpin' Jack Cash
Why Mick Jagger's really Jumpin' Jack Cash (Thu, 09 Apr 2009 21:04:57 GMT)

Quinn's new finance reform: Start at zero
Posted by Monique Garcia at 1:45 p.m. Gov. Pat Quinn, a politician who has never been able to raise much campaign cash, today offered a new idea in advance of a potential run for governor: no one who runs next year should be able to use the money they've already collected. (Thu, 09 Apr 2009 21:08:54 GMT)

Cash American shares rise on strong earnings outlook
Shares in Cash America International jumped 20 percent Thursday after the nation's biggest pawn chain said earnings for the first quarter are expected to exceed the company's forecast. (Fri, 10 Apr 2009 02:49:25 GMT)

Payday Lenders Find Lobbying Pays Off Big
Just as big bank bailouts have consumers seeing red big lobbying payouts have the payday loan industry seeing green. (Fri, 10 Apr 2009 05:30:07 GMT)

Carson alters payday loan regulations
The city of Carson has backed off plans to crack down on payday lenders after hearing protests from industry lobbyists. (Fri, 10 Apr 2009 05:57:58 GMT)

Past trouble with payday loans? We want to hear about it
Have you had past troubles with a payday loan? Are you willing to share your story? (Fri, 10 Apr 2009 06:50:36 GMT)

Student gets ‘payday loan’ lesson?
A Central Connecticut State University College student from Cheshire is warning consumers about a scheme that was used against him by a Denver company that allegedly offers payday loans. (Fri, 10 Apr 2009 10:13:34 GMT)

Payday Advance Industry to Oppose the 'Payday Loan Reform Act of 2009'
Gutierrez Bill Goes Too Far, Sets Fees, Preempts Laws in 34 States (Fri, 10 Apr 2009 15:38:00 GMT)

No phone, no e-mail, no web - it's all about cash
Well, now we know ... how to cover a story without cell or land-line phones, sans the Internet, no-workie e-mail and an occasional text message that somehow permeated Thursday's cyberspace wasteland. What a mess. It's shoe-leather reporting and thinking on your electronic feet Got the straight skinny from the folks on the street trying to get cash from an ATM or buy groceries with a credit card. ... (Fri, 10 Apr 2009 18:29:24 GMT)

Wigged man sought in robbery
Police say a man in a wig and large sunglasses brandished a weapon and took money from a cash advance-type business Friday. (Fri, 10 Apr 2009 21:19:38 GMT)

Man dressed as woman robs Danville Approved Cash Advance
A cross-dressing crook is on the loose in Danville. Danville Police tell us a man dressed as a woman robbed the Approved Cash Advance at 1287 Piney Forest Road Friday. (Fri, 10 Apr 2009 23:49:31 GMT)

Cash Store Financial Proceeds with Implementation of Ontario Class Action Settlement
The Cash Store Financial Services Inc. , formerly Rentcash Inc., announced today that it has publicized the notice of settlement of the Ontario Class Action lawsuit commenced in 2004 concerning brokerage fees and interest charged to customers of The Cash Store and Instaloans. (Sat, 11 Apr 2009 02:00:00 GMT)

Past trouble with payday loans? We want to hear about it
Have you had past troubles with a payday loan? Are you willing to share your story? (Sat, 11 Apr 2009 05:33:59 GMT)

Past trouble with payday loans? We want to hear about it
Have you had past troubles with a payday loan? Are you willing to share your story? (Sat, 11 Apr 2009 07:18:46 GMT)

Comets advance to semifinals
GENOA -- Clyde, Springfield, St. Ursula and Genoa posted victories in quarterfinal-round games Friday at the 2009 Papa Joe McClear Memorial Scholarship Tournament at Genoa Area High School and Waterworks Park. (Sat, 11 Apr 2009 12:42:27 GMT)

Cops say man robs check cashing place
Deputies say a Longwood man robs a check cashing store. Seminole County Sheriff say it happened at the Advance American store off of 17/92 in Longwood. (Sun, 12 Apr 2009 02:43:51 GMT)

Off the Agenda: Councilman grills payday-loan lobbyist
Temperatures shot up as high as a payday-loan interest rate last week when Salt Lake City Councilman J.T. Martin grilled a series of industry representatives on their motives. (Sun, 12 Apr 2009 03:18:07 GMT)

Payday lenders in SLC's sights
Patricia Bailey's middle-class sanctuary in Sandy began to crumble when she wandered off her street in search of a quick financial fix. She didn't have to go far, finding 27 payday-loan stores within three miles of the house. (Sun, 12 Apr 2009 03:33:17 GMT)

In brief: ID theft scheme turned trash to cash
Memphis Police say when officers arrested a woman at the Wolfchase Galleria Macy's for trying to open a store account under a false name, they foiled an identity theft scheme. (Sun, 12 Apr 2009 05:07:57 GMT)

Payday loans: A short-term fix with long-term danger
HOT SPRINGS -- Toni Madsen likes to see her customers on a regular basis, as long as it's not too regular. (Sun, 12 Apr 2009 06:51:21 GMT)

In Guilford, stimulus cash is green
The city’s fledgling Downtown Greenway won’t be getting any money in the next round of allotments from Uncle Sam’s economic-recovery package. But Guilford County is still getting a slice of $22 million in stimulus cash earmarked by North Carolina officials for pedestrian, biking and similar projects statewide. Local planners now expect that roughly $650,000 in stimulus funds will go toward ... (Sun, 12 Apr 2009 07:11:47 GMT)

T&T fail to cash in on Rampaul's six-wicket haul
A round-up of the first day of the 14th round matches of the Regional Four Day Competition (Sun, 12 Apr 2009 19:17:24 GMT)

Internet payday lenders with ties to Indians dodge California regulators
The state has been trying for three years to force the businesses to adhere to the same rules as brick-and-mortar store, but the issue of tribal sovereignty has complicated those efforts. California business regulators are stumbling in their efforts to find and ban an unlicensed form of high-interest consumer credit: payday loans available on the Internet. (Sun, 12 Apr 2009 23:06:41 GMT)

SLC looks at payday loan restrictions
SALT LAKE CITY (AP) - Salt Lake City is looking at regulations on payday loan businesses. (Mon, 13 Apr 2009 00:01:11 GMT)

Former GOP Rep. Fossella has 58Gs in his congressional campaign account, federal records show
Advance file photoFormer GOP Rep. Vito Fossella maintains he has no plans for a political comeback, but if he changes his mind, there's tens of thousands of dollars in potential seed money available, federal records show. Former GOP Rep. Vito... (Mon, 13 Apr 2009 00:05:42 GMT)

SLC considers payday lender restrictions
Salt Lake City is considering regulations on payday loan businesses. (Mon, 13 Apr 2009 00:34:45 GMT)

Police release security images from Friday morning robbery
Danville police have released security camera pictures of a person of interest in Friday morning’s robbery of Approved Cash Advance on Piney Forest Road. (Mon, 13 Apr 2009 02:46:02 GMT)

China’s Stocks Rise to Eight-Month High; ICBC, Baoshan Advance
April 13 (Bloomberg) -- China’s stocks rose to the highest in almost eight months after new lending and money supply surged to records last month and the premier said the economy showed signs of better-than-expected recovery in the first quarter. (Mon, 13 Apr 2009 03:41:30 GMT)

NBQ refuses to cancel Dh2.36bn deal with Global Investment House
13 April 2009 National Bank of Umm Al Qaiwan (NBQ) has refused to return $250 million (Dh918m) to Kuwait-based investment bank Global Investment House and is seeking instead to complete a debt conversion for which the cash was received as advance payment. (Mon, 13 Apr 2009 04:34:34 GMT)

391 Percent Payday Loan
Congress should resist an ersatz reform that would allow lenders to continue to charge exorbitant interest rates on payday loans. (Mon, 13 Apr 2009 04:45:58 GMT)

Treasuries Advance as Fed Prepares to Buy Notes Today, Tomorrow
April 13 (Bloomberg) -- Treasuries rose, following three weeks of losses, as the Federal Reserve prepared to purchase U.S. government securities today and tomorrow in its effort to cut borrowing costs. (Mon, 13 Apr 2009 09:12:20 GMT)

Staten Island Advance Headlines -- Monday, April 13, 2009
Here are some of the headlines you'll find in the print edition of today's Staten Island Advance: The front page of Monday's Staten Island Advance. -Hikers are in, horse riders out at Mount Loretto -Fossella has the cash should he... (Mon, 13 Apr 2009 11:35:42 GMT)

India’s Bonds Drop as Yields May Advance at Debt Sale This Week
April 13 (Bloomberg) -- India’s bonds fell, reversing earlier gains, on speculation investors will demand higher yields at a debt sale this week, the third this month. (Mon, 13 Apr 2009 12:45:42 GMT)

City Council Reviews Possible Payday Loan Regulations
SALT LAKE CITY - Salt Lake City is looking at regulations on payday loan businesses. The City Council is scheduled to vote April 21 on a measure to restrict the check-cashing outlets from moving closer than a half-mile from one another. (Mon, 13 Apr 2009 12:46:40 GMT)

U.S. Stock-Index Futures Fall as Chevron Predicts Lower Profit
April 13 (Bloomberg) -- U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may retreat following its best 23-day advance since 1933, after Chevron Corp. predicted lower earnings and Genworth Financial Inc. (Mon, 13 Apr 2009 12:58:42 GMT)

US Cash Cattle Pre-Open: Last Week's Sales Disappoint
KANSAS CITY (Dow Jones)--The number of fed cattle sold last week in the Plains states was somewhat disappointing, market analysts and brokers said, especially in Kansas and Texas. (Mon, 13 Apr 2009 14:01:01 GMT)

State can't reel in online payday loans
Companies operate under cloak of laws covering sovereign Indian nations (Mon, 13 Apr 2009 17:57:42 GMT)

Cash Beats Stocks for First Time in U.S. Survey: Chart of Day
April 13 (Bloomberg) -- U.S. individual investors held more assets in cash than in stocks last month for the first time in more than two decades, meaning they have plenty of money to fuel the current surge in share prices. (Mon, 13 Apr 2009 19:42:05 GMT)

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