Cash Advance News May 2009

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Payday lending regulations are compromise but may be better than nothing.
The bill to regulate payday lending that passed just before the state Legislature adjourned Thursday (Sun, 24 May 2009 17:43:18 GMT)

Payday loans surge as those in work watch bills stack up
Another month is ending, the recession is biting and thousands of people are flocking to their local loan house or internet vendor for an average of about £230 to tide them over till payday. (Mon, 25 May 2009 02:10:54 GMT)

A balanced approach to payday lending problems
Payday lending came under close scrutiny during the 2009 legislative session. The legislation Gov. Chris Gregoire recently signed into law had strong majority votes in both the House and Senate, and was viewed as middle ground between lenders and advocates for the poor. (Mon, 25 May 2009 07:06:50 GMT)

Indian cash rates steady near rev repo on liquidity
MUMBAI, May 25 (Reuters) - Indian overnight cash rates were slightly higher on Monday on demand from some banks who borrowed for funding needs, but stayed near the central bank's main borrowing rate, as cash in the system was more than sufficient. (Mon, 25 May 2009 08:48:24 GMT)

Air Canada lands cash-saving credit card deal
Air Canada received some welcome respite Monday morning from its current cash crunch by striking a deal with its principal credit card processor (Mon, 25 May 2009 12:10:18 GMT)

Ukraine's Tymoshenko makes ridiculous offer to Russia's Putin
The gas conflict between Russia and Ukraine can make a sharp come-back. Kiev has no cash to pay for the Russian gas, Echo of Moscow radio station said. (Mon, 25 May 2009 14:09:35 GMT)

Mayor seeks release of P14M extra cash gift
BACOLOD City Mayor Evelio Leonardia is asking the City Council to approve the release of P14 million as advance extra cash gift for City Government employees. read more (Mon, 25 May 2009 17:40:59 GMT)

Air Canada wins relief on credit card terms
Air Canada has won some breathing room from one of its key credit card processors, the cash-strapped airline said on Monday. (Mon, 25 May 2009 19:02:00 GMT)

A Time to Remember, and Cash In
Memorial Day has been marked by a wave of political memoirs. But these recollections may come at the expense of the truth. (Tue, 26 May 2009 00:16:08 GMT)

Payday lenders feel like victims of political payback
Nevada payday lenders are coming under increasing scrutiny over the interest rates and fees they charge. They claim that some of the heat from state officials is politically motivated. (Tue, 26 May 2009 02:18:06 GMT)

52-Week High Companies: Randgold Resources Ltd., Advance Auto Parts Inc., Netease.com Inc. ...
According to GuruFocus updates , these Guru stocks have reached their 52-Week Highs: Randgold Resources Ltd., Advance Auto Parts Inc. ( AAP ), Netease.com Inc. ( NTES ), Shanda Interactive Entertainment Ltd. ( SNDA ), and NuStar Energy L.P. ( NS ) Randgold Resources Ltd. ( GOLD ) Reached the 52-Week High of $66.814 Randgold Resources is an international gold mining and exploration business. The ... (Tue, 26 May 2009 03:19:22 GMT)

Desperate Times: Stuck in 'Payday Loans'
One woman has paid more than $1,000 in fees by borrowing and re-paying her loan. (Tue, 26 May 2009 10:33:20 GMT)

European Stocks Advance After U.S. Consumer Confidence Report
May 26 (Bloomberg) -- European stocks rose, led by retailers, after U.S. consumer confidence jumped to the highest level since September, adding to speculation the worst of the economic slump may be over. (Tue, 26 May 2009 15:15:26 GMT)

European Stocks Advance After U.S. Consumer Confidence Surges
May 26 (Bloomberg) -- European stocks rose for a second day, led by retailers, after U.S. consumer confidence jumped the most in six years, adding to speculation the worst of the economic slump may be over. (Tue, 26 May 2009 16:07:57 GMT)

Police: 1 robbery suspect shoots self; driver in custody
11:13 a.m. UPDATE According to Bloomington Police Lt. David Drake, two armed robbers went into a cash advance building i ... Please log in to read the rest of this story. (Tue, 26 May 2009 16:31:59 GMT)

Desperate Times: Stuck in 'Payday Loans'
Laura White, from Mullins, S.C., is 66 years young, and lives on a $575 a month Social Security check. A few years ago, her old car needed repairs which she couldn't afford and, since she uses the car to take her epileptic daughter to the doctor, White became desperate. (Tue, 26 May 2009 16:32:21 GMT)

U.S. Stocks Advance, Led by Technology, Consumer Shares
May 26 (Bloomberg) -- U.S. stocks rallied, sending the Standard & Poor’s 500 Index higher for the first time in five days, as the biggest jump in consumer confidence since 2003 spurred optimism the worst of the recession is over. (Tue, 26 May 2009 16:51:48 GMT)

Creative Ways to Get the Cash Flowing
In ordinary times, cash is merely king. When sales slump cash flow becomes emperor of the universe. (Tue, 26 May 2009 17:45:15 GMT)

U.S. Stocks Advance as Confidence Boosts Tech, Consumer Shares
May 26 (Bloomberg) -- U.S. stocks rallied, sending the Standard & Poor’s 500 Index higher for the first time in five days, as the biggest jump in consumer confidence since 2003 spurred optimism the worst of the recession is over. (Tue, 26 May 2009 18:33:29 GMT)

Top emitters advance on climate finance plan
PARIS (Reuters) - The world's top greenhouse gas emitters made progress on Tuesday towards agreeing a Mexican plan that would raise billions of dollars to fund the fight against climate change, France said. (Tue, 26 May 2009 18:49:07 GMT)

U.S. Stocks Advance as Confidence Boosts Tech, Consumer Shares
May 26 (Bloomberg) -- U.S. stocks rallied, sending benchmark indexes higher for the first time in five days, as the biggest jump in consumer confidence since 2003 spurred optimism the worst of the recession is over. (Tue, 26 May 2009 19:51:38 GMT)

Police: Man Fatally Shoots Self After Robbery
BLOOMINGTON, Ind. (AP) - Police say a man fatally shot himself when officers caught up with him and another suspect following an attempted robbery at a cash advance store in Bloomington. (Wed, 27 May 2009 00:01:28 GMT)

Tampa Area Teen Doesn't Advance in Spelling Bee
A total of 41 young spellers will advance to the final day of competition of the National Spelling Bee in Washington, D.C. Thursday, and Alina Meador, a teen from the Brandon Academy, is not among them. (Wed, 27 May 2009 02:00:53 GMT)

Indian o/n rate holds near reverse repo on ample cash
MUMBAI, May 27 (Reuters) - Indian overnight cash rates were little moved on Wednesday as surplus cash with banks matched demand during the early days of the reporting cycle. (Wed, 27 May 2009 05:14:54 GMT)

Asian Currencies: Won, Ringgit Lead Advance on Risk Appetite
May 27 (Bloomberg) -- South Korea’s won and Malaysia’s ringgit led gains among Asian currencies as increasing evidence a global recession is abating bolstered demand for emerging- market assets. (Wed, 27 May 2009 06:07:07 GMT)

Robbers attack cash collectors in Moscow, steal 4 mln roubles
MOSCOW, May 27 (Itar-Tass) - Robbers stole some four million roubles in an attack on cash carriers in western Moscow on Tuesday evening, a city law-enforcement officer told Itar-Tass. (Wed, 27 May 2009 06:40:35 GMT)

Robbery suspect killed himself as police closed in
A man fatally shot himself yesterday when police caught up with him and another suspect after an attempted robbery at a cash-advance store. The suspects, one of whom had a handgun, fled from the back of the business after witnesses outside held the front door closed to trap them. (Wed, 27 May 2009 08:48:11 GMT)

Bloomington cops say man shot self after robbery
BLOOMINGTON, Ind. — Police say a man fatally shot himself when officers caught up with him and another suspect following an attempted robbery at a cash advance store in Bloomington. (Wed, 27 May 2009 10:16:44 GMT)

41 kids advance to National Spelling Bee semis
Deborah Horton made the most of her time in the national spelling spotlight. She greeted the officials with a perky "hello" on Wednesday and asked every question imaginable about a word she could spell in her sleep. (Wed, 27 May 2009 15:46:32 GMT)

Brussels prepares for 70% SFP advance FWi
EU agriculture commissioner Mariann Fischer Boel has agreed to allow up to 70% advances for this year's single farm payments, and promised to take further steps to support the EU dairy market. (Wed, 27 May 2009 16:16:29 GMT)

Councilors approve release of cash gift
THE Bacolod City Council approved on Wednesday the release of P14,142,000 Personnel Benefit Fund as advance extra cash gift for government employees, both regular and casual. read more (Wed, 27 May 2009 18:39:27 GMT)

Forty one advance to semifinals of spelling bee
There were some tense and comical moments early in the national spelling bee in Washington. (Wed, 27 May 2009 21:59:11 GMT)

Look out, payday lenders
Norma Hernandez was just 17 when she first walked into Seattle’s Express Credit Union. She and her husband had come to deposit his first paycheck from a grocery-bagging job. (Wed, 27 May 2009 22:55:18 GMT)

Germany Says Opel Talks Stalled on GM’s Cash Demands (Update3)
May 28 (Bloomberg) -- General Motors Corp. , facing a potential bankruptcy filing, asked for an additional 300 million euros ($415 million) for its Opel unit, stalling talks with Fiat SpA and Magna International Inc. (Thu, 28 May 2009 04:53:15 GMT)

Germany Says Opel Talks Stalled on GM’s Cash Demands (Correct)
(Corrects to say Magna’s Stronach is chairman in seventh paragraph.) May 28 (Bloomberg) -- General Motors Corp. , facing a potential bankruptcy filing, demanded an additional 300 million euros ($415 million) for its Opel unit, stalling talks with Fiat SpA and Magna International Inc. (Thu, 28 May 2009 06:00:17 GMT)

India o/n rates stable, ample cash meets demand
MUMBAI, May 28 (Reuters) - Indian overnight cash rates were barely moved on Thursday despite slightly higher demand in the first week of the reporting fortnight, as most banks were already sitting on piles of cash and other assets. (Thu, 28 May 2009 09:33:40 GMT)

U.S. Stock-Index Futures Advance; Alcoa, General Electric Gain
May 28 (Bloomberg) -- U.S. stock-index futures advanced before reports that may show improvements in durable goods orders and sales of new homes last month. (Thu, 28 May 2009 11:33:21 GMT)

Wisconsins lone spelling entrant fails to advance
MILWAUKEE Wisconsins lone representative in this weeks Scripps National Spelling Bee wont be advancing to the semifinals. (Thu, 28 May 2009 15:42:10 GMT)

'We use force only when debtors fail to settle loans'
KUALA LUMPUR: A seasoned loan shark has taken offence to being labelled inhumane. (Thu, 28 May 2009 15:53:49 GMT)

Cash In On Internet Memes
Gone are the days of hamster dance and Star Wars kid, of Leeroy Jenkins and Peanut Butter Jelly Time. In their place is emerging a new generation of Internet memes. Are they just as fun? Sure. But they're also smarter, more respected, and making a heck of a lot more money than their predecessors. (Thu, 28 May 2009 16:00:00 GMT)

Wis. bill would crack down on payday lenders
Wisconsin lawmakers have introduced a bill meant to stop the growing and virtually unregulated payday lending industry. Key Democratic lawmakers on Thursday promoted the plan that would prohibit lenders from charging more than 36 percent interest rates on loans. (Thu, 28 May 2009 16:19:46 GMT)

Cash In On Internet Memes
LOLcats and awkward family photos may be simple online fun, but they can spell big profits for enterprising Web jokesters. (Thu, 28 May 2009 16:23:20 GMT)

Bill would crack down on payday lenders
Wisconsin lawmakers have introduced a bill meant to stop the growing and virtually unregulated payday lending industry. (Thu, 28 May 2009 16:51:55 GMT)

11 advance to National Spelling Bee finals
One student from Indiana remains a contender in the national spelling bee. (Thu, 28 May 2009 16:59:04 GMT)

11 advance to National Spelling Bee finals
Eleven youngsters have advanced to the finals of the 82nd Scripps National Spelling Bee. The 11 were the survivors of Thursday's three semifinal rounds, earning them a spot in the finals that night — with the winner receiving more than $40,000 in cash and prizes. (Thu, 28 May 2009 17:13:04 GMT)

16 advance in National Spelling Bee semifinals
That was tough. As in t-o-u-g-h. (Thu, 28 May 2009 17:23:50 GMT)

2 Arizona spellers in national bee don't advance
PHOENIX (AP) -- Arizona's two young competitors in the national spelling bee did not advance to the semifinals of the contest in Washington, D.C. (Thu, 28 May 2009 17:58:21 GMT)

Wisconsin Democrats want payday loans capped at 36 interest
Wisconsin lawmakers today announced a bill that would curb the growing and virtually unregulated payday lending industry in the state. (Thu, 28 May 2009 18:21:35 GMT)

11 advance to National Spelling Bee finals
The chairs on the ballroom stage emptied one by one, left vacant by those who had guessed and walked away disappointed. Rarely has a spelling bee round been this brutal. (Thu, 28 May 2009 18:32:03 GMT)

Eleven Advance to Spelling Bee Finals
Eleven youngsters have advanced to the finals of the Scripps National Spelling Bee. The 11 were the survivors of Thursday's three semifinal rounds, earning them a spot in the finals that night -- with the winner receiving more than $40,000 in cash and prizes. (Thu, 28 May 2009 20:11:45 GMT)

Wisconsin bill would crack down on payday lenders
Wisconsin lawmakers announced a bill on Thursday that would curb the growing and virtually unregulated payday lending industry in the state. (Thu, 28 May 2009 20:19:12 GMT)

Lawmakers Want to Rein in Interest on Payday Loans
Legislators accuse loan stores of predatory lending with short-term, high-interest loans. But the stores disagree with the math. (Thu, 28 May 2009 21:09:58 GMT)

Payday Loan Customers Complain of High Interest
One customer said her $500 loan eventually cost her $1,100 with interest once she was able to pay it back. Lawmakers say stories like hers are the reason to limit these loans. (Thu, 28 May 2009 23:05:01 GMT)

Payday Loan Stores Could See Crackdowns
MADISON, Wis. (AP) -- Wisconsin lawmakers have introduced a bill meant to stop the growing and virtually unregulated payday lending industry. (Thu, 28 May 2009 23:06:08 GMT)

Bill would crack down on payday lenders
Wisconsin lawmakers are proposing some protection for people who are looking for quick cash and resorting to payday-type loans. Lenders say the proposal would put their stores out of business. FOX 11's Lou Hillman has both sides. (Thu, 28 May 2009 23:36:55 GMT)

Payday lending law to be introduced on Thursday
Bill seeks to cap interest rates, which can top 525% a year. (Fri, 29 May 2009 01:03:07 GMT)

Bill May Put Payday Loans Out of Business
MADISON, Wis. (AP) - Wisconsin lawmakers have introduced a bill meant to stop the growing and virtually unregulated payday lending industry. Key Democratic lawmakers on Thursday promoted the plan that would prohibit lenders from charging more than 36 percent interest rates on loans. (Fri, 29 May 2009 03:31:38 GMT)

Cash Claim: Top Tory Paid Daughter Rent
The Daily Telegraph told how Bill Cash designated a west London flat owned by his daughter, Laetitia, as his "second home" for parliamentary expenses during 2004 and 2005. (Fri, 29 May 2009 06:29:13 GMT)

India o/n rates steady nr 3.25 pct on cash surplus
MUMBAI, May 29 (Reuters) - Indian overnight money rate was steady near 3.25 percent on Friday as funding needs of banks were easily offset by a cash surplus of more than 1 trillion rupees in the system. (Fri, 29 May 2009 08:29:06 GMT)

Payday lending bill caps interest at 36 percent
Wisconsin lawmakers want to curb the growing and virtually unregulated payday lending industry in the state by limiting interest rates the brokers can charge. (Fri, 29 May 2009 09:44:33 GMT)

Expenses: Cameron says Bill Cash has 'serious questions to answer'
MP Bill Cash had "some very serious questions to answer" in relation to his expenses claims, Conservative leader David Cameron said today. The MP for Stone, Staffordshire, claimed more than £15,000 in expenses to pay his daughter rent for her London flat. (Fri, 29 May 2009 11:20:17 GMT)

Cash has 'serious questions to answer' says Cameron
MP Bill Cash had "some very serious questions to answer" in relation to his expenses claims, Conservative leader David Cameron said today. (Fri, 29 May 2009 11:24:04 GMT)

Wisconsin lawmakers aim to put limits on payday lenders
MADISON Wisconsin lawmakers announced a bill on Thursday that would curb the growing and virtually unregulated payday lending industry in the state. (Fri, 29 May 2009 13:24:08 GMT)

German Stocks Complete Third Monthly Advance; Bayer Increases
May 29 (Bloomberg) -- German stocks completed the third straight monthly advance as investors speculated that the global recession is easing. ThyssenKrupp AG , Germany’s largest steelmaker, climbed 2 percent today. (Fri, 29 May 2009 16:23:38 GMT)

Payday Lending Act would limit loan rates
The chairman of the State Assembly committee on consumer protection has introduced the Payday Lending Consumer Protection Act, which supporters said will provide Wisconsin consumers protections against predatory lending by limiting interest rates for consumer loans to 36 percent annually. (Fri, 29 May 2009 17:10:56 GMT)

UK & World News: I won't quit over expenses - Cash
Conservative MP Bill Cash has declared he will not stand down over his expenses claims, but said he is prepared to hand back more than £15,000 of taxpayers' money paid to his daughter. (Fri, 29 May 2009 19:18:20 GMT)

Bill Cash battles for political life as expenses row threatens more MPs
The Conservative MP Bill Cash was struggling tonight to keep alive his 25-year Commons career after it emerged he had claimed £15,000 from the taxpayer to rent his daughter's flat despite also having a property 10 minutes from Westminster. (Fri, 29 May 2009 21:11:55 GMT)

Tory MP Bill Cash will repay £15,000 in rent payments to socialite daughter Laetitia Cash but refuses to resign
Tory grandee Bill Cash agreed to repay £15,000 of taxpayers' money yesterday after it emerged that he had milked the expenses system to help both his son and daughter. (Fri, 29 May 2009 21:12:04 GMT)

'Serious questions' for Cash over £15,000 rent payment to daughter
The veteran Tory MP Bill Cash mounted a defiant attempt to save his career last night as he promised to return more than £15,000 of taxpayers' money that ended up in his daughter's pocket. (Fri, 29 May 2009 23:22:16 GMT)

Pull Over the Cash Cab to See Ben Bailey Headline Comix!
Acclaimed stand-up comedian Ben Bailey is the most desired cabbie in New York City and will be parking his taxi while he performs four headlining shows at Comix. He is the Emmy nominated host of "Cash Cab" and "Cash Cab: After Dark" on the Discovery Channel. (Sat, 30 May 2009 05:04:20 GMT)

Bill would crack down on payday lenders
MADISON — Wisconsin lawmakers announced a bill on Thursday that would curb the growing and virtually unregulated payday lending industry in the state. (Sat, 30 May 2009 10:49:22 GMT)

I’m staying put, vows expenses row Cash
Staffordshire MP Bill Cash today declared he was staying put - as he prepared to pay back the £15,000 of taxpayers' cash used to pay his daughter rent. (Sat, 30 May 2009 11:36:47 GMT)

Nederland business robbed at gunpoint
Local police are searching for suspects involved in an armed robbery that occurred Saturday morning. Advance America, a cash advance business on FM 365, was robbed about 10:30 a.m. (Sat, 30 May 2009 16:08:41 GMT)

More ammo readied against payday lending
The latest legislative effort to force payday lenders to adhere to a 28 percent interest-rate cap should be rolled out this week. More than 600 payday-lending stores have closed since lawmakers voted to end the business model that allowed them to charge the equivalent of a 391 percent annual interest rate on a two-week loan. Instead, lawmakers tried to limit the rate to 28 percent. More than 900 ... (Sun, 31 May 2009 01:39:02 GMT)

'Strong feelings evident' in payday debate
It was the Senate’s last day in session, and Sen. Gerald Malloy, D-Darlington, had a decision to make. For three weeks, he had been giving impassioned floor speeches about how he thought payday lenders were preying on South Carolina’s poor and needed to be reined in. (Sun, 31 May 2009 04:02:00 GMT)

Cautious Optimism: From Cash to Equities
Cautious Optimism: From Cash to Equities (Sun, 31 May 2009 06:57:37 GMT)

More payday-lending ammo readied
The latest legislative effort to force payday lenders to adhere to a 28 percent interest-rate cap should be rolled out this week. (Sun, 31 May 2009 08:25:03 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 (Sun, 31 May 2009 14:58:36 GMT)

Payday Loans and Cash Advance Now Easier to Qualify With New Program
There is a payday loan support company that has just broken some old barriers that they claim will make it easier for most potential clients to get a "yes" when they apply for no fax payday loans or cash advance through their new system. (Sun, 31 May 2009 22:56:00 GMT)

Payday Loans and Cash Advance Now Easier to Qualify With New Program
GAINESVILLE, FL--(Marketwire - May 31, 2009) - There is a payday loan support company that has just broken some old barriers that they claim will make it easier for most potential clients to get a "yes" when they apply for no fax payday loans or cash advance through their new system. The system is based on close relationships with just a few of the nations top lenders that each have specialized ... (Sun, 31 May 2009 23:02:23 GMT)

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