Cash Advance News Jul 2009

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New Evidence Opens Old Wound in 1991 Slaying of 4 Girls
A DNA test has cast doubt on the guilt of two men convicted in the killing of four teenage girls in Austin, Tex., and their retrial has been delayed. (Wed, 01 Jul 2009 00:27:15 GMT)

Lions Fans Can Cash In On Playoffs
COLUMBUS, GA – Life can be cruel and unbearable at times. With a faltering economy and jobs getting cut each day, sports have taken a major hit financially. (Wed, 01 Jul 2009 03:16:39 GMT)

'I'm hopeful we don't have a car repair'
Earlier this year, Gov. Ed Rendell warned state workers they might have to work without pay if a budget wasn't passed by June 30. That possibility is now near, and some state workers are worried they might be forced into a tough financial spot. (Wed, 01 Jul 2009 04:01:03 GMT)

London pre-open: Slight advance expected
Footsie is tipped to edge higher in early dealings. (Wed, 01 Jul 2009 06:51:00 GMT)

London pre-open: Slight advance expected
LONDON (SHARECAST) - Footsie is tipped to edge higher in early dealings. Marks and Spencer’s saw like-for-like sales fall across its major divisions in the first quarter, though total group sales were up. (Wed, 01 Jul 2009 07:04:53 GMT)

Western Capital Announces Opening of Five Additional Cricket Stores, Posts Record 1st Quarter, Momentum Builds
Aggressive store growth plan in the wireless reseller segment drives significant long-term upside, while payday advance locations provide strong cash flow, (Wed, 01 Jul 2009 11:00:00 GMT)

Helpful finance tips, or sneaky payday loans ad?
The owners of Econ4u.org, which offers financial advice, say it has a straightforward, noble mission: to "teach important economic concepts." But while the site offers plenty of useful money basics, there is one oddity: information on controversial payday loans is unusually positive. (Wed, 01 Jul 2009 11:10:13 GMT)

New state program offering $8,000 home buyer tax credit isn't ready to go
A state program that officially begins today promises to advance up to $8,000 to first-time home buyers. But the program has plenty of roadblocks ahead. (Wed, 01 Jul 2009 13:44:36 GMT)

Gilbert limits tattoo studios, other businesses
Measure would prevent clustering of pawn shops, tattoo studios, hookah lounges and payday loan stores. (Wed, 01 Jul 2009 14:59:24 GMT)

Banks Balk at Agency Meant to Aid Consumers
The administration’s proposal for the new agency marks the first shot in a battle over how to regulate home mortgages, credit cards and other forms of lending. (Wed, 01 Jul 2009 15:25:11 GMT)

Gilbert Council OKs limits on tattoo studios
Measure would prevent clustering of pawn shops, tattoo studios, hookah lounges. (Wed, 01 Jul 2009 17:54:25 GMT)

CME Livestock Review: Cattle Complex, Pork Pits Advance
CHICAGO (Dow Jones)--Chicago Mercantile Exchange live cattle settled higher Wednesday on short covering, buy stops and cash cattle optimism given future's strength most of this week. (Wed, 01 Jul 2009 20:22:09 GMT)

US Cash Grain Review: New Wheat Coming In, But Not Much Corn
SUPERIOR, Neb. (Dow Jones)--Newly harvested winter wheat is pouring into grain terminals across the central U.S., although country movement of cash corn has dipped dramatically this week. (Wed, 01 Jul 2009 20:22:37 GMT)

New $8,000 home buyer tax credit isn't ready to go
A state program that officially begins today promises to advance up to $8,000 to first-time home buyers. But the program has plenty of roadblocks ahead. (Thu, 02 Jul 2009 01:50:39 GMT)

Program offering $8,000 home buyer tax credit lacks funds and rules
Program slated to take effect July 1 A state program that officially begins today promises to advance up to $8,000 to first-time home buyers. But the program has plenty of roadblocks ahead. (Thu, 02 Jul 2009 02:33:06 GMT)

N. Texas credit unions plan to compete with payday lenders
Eight companies plan short-term loans with interest capped at 18 percent. (Thu, 02 Jul 2009 02:46:55 GMT)

SBAâs New Pilot Loan Program for Dealer Floor Plan Financing Begins Today
WASHINGTON--Beginning today, auto, RV and other dealerships can apply for SBA-guaranteed dealer floor plan (DFP) financing, which will make it easier for these small businesses to borrow against their inventory and increase their cash flow. (Thu, 02 Jul 2009 03:23:51 GMT)

Check 'n Go Launches On-site Blog
Check 'n Go, a leading payday loan lender, launched an on-site corporate blog in May, 2009 to educate consumers about payday loans, Check 'n Go's efforts with the National Center for Exploited & Missing Children®, financial tips and current legislation. (Thu, 02 Jul 2009 07:01:00 GMT)

German new car registrations soar 40 pct in June
* Scrapping bonus helps new car sales advance (Thu, 02 Jul 2009 08:33:00 GMT)

Consumer champ?
Rip-off businesses will have to face a new foe (Thu, 02 Jul 2009 09:03:10 GMT)

Celtic face Bobo cash battle
BOBO BALDE and Celtic are on course to be reunited - in court. The giant defender's lucrative contract finally ended this week. (Thu, 02 Jul 2009 09:55:51 GMT)

Cyrus, Montgomery head lineup of benefit concert stars
Country singers Billy Ray Cyrus and John Michael Montgomery will headline the Flag City Music Festival in a benefit concert Sept. 4 at the Hancock County Fairgrounds in Findlay. Also scheduled to perform are the Parks, Chris Burke with Joe & John De Masi, the Heartbeat Boys, Rick Pollard, Jessica Kenney, Katie Monroe, Schuyler Lee, Molly Pickett, and Lindsay Harmon. Advance tickets are $40 plus ... (Thu, 02 Jul 2009 11:13:29 GMT)

Stocks Retreat Before U.S. Jobs Report as Yen, Dollar Advance
July 2 (Bloomberg) -- European stocks and U.S. index futures fell while the yen and the dollar rose on speculation a report today will show that America’s unemployment rate climbed to the highest level since 1983. (Thu, 02 Jul 2009 12:21:54 GMT)

Consumer fraud charges filed against five Van Nuys companies
The cases are part of a federal crackdown dubbed Operation Short Change. The FTC says the firms allegedly made $300 million by selling fraudulent programs related to real estate or online businesses. The recession has killed jobs by the millions, but it's been a boon to one sector of the population: con artists. (Thu, 02 Jul 2009 15:40:42 GMT)

Westland Police seek information on cash store holdup
Westland police are looking for a man who robbed a cash advance store at gunpoint Tuesday. Police were called to Advance America Cash Advance, 1966 S. Venoy just before 1 p.m. when an employee reported the robbery. The employee told police she was working alone when a man approached the door and buzzed him in. The man requested an application, according to the employee, who asked whether he ... (Thu, 02 Jul 2009 15:42:04 GMT)

Color of Money Book Club
Personal finance columnist Michelle Singletary hosted an online discussion with Edmond L. Andrews author of "Busted: Life Inside the Great Mortgage Meltdown" on Thursday, July 2 at Noon ET. (Thu, 02 Jul 2009 16:00:00 GMT)

Biggest Advance in Value Stocks Sends Bearish Signal (Update1)
July 2 (Bloomberg) -- The biggest quarterly rally in value stocks is a bearish sign to some of the largest money managers, who say it shows the equity market has relied on companies with the worst finances to fuel its rebound. (Thu, 02 Jul 2009 16:15:57 GMT)

Hyundai Advancing Cash to Dealers for ‘Clunkers’ Trade-ins
July 2 (Bloomberg) -- Hyundai Motor Co., South Korea’s largest carmaker, said today it became the first manufacturer to advance money to dealers so they can immediately take advantage of a federal “cash for clunkers” program. (Thu, 02 Jul 2009 16:38:02 GMT)

Hyundai Advancing Cash to Dealers for ‘Clunkers’ Trade-ins
Hyundai will reimburse dealers the $3,500 or $4,500 payment for each qualifying used vehicle turned in until the federal government completes regulations for the program July 24, company spokesman Chris Hosford said in an interview. (Thu, 02 Jul 2009 17:26:49 GMT)

Armed Man Robs Westland Cash Store
Westland police are looking for information on a man who robbed a cash advance store at gunpoint on Tuesday. (Thu, 02 Jul 2009 18:27:57 GMT)

Banks Fight Obama's Protection Agency Pitch
Banks and mortgage lenders are placing top priority on killing President Barack Obama's proposal to create a new consumer protection agency that would regulate home loans, credit card fees, payday loans and other forms of consumer finance. (Thu, 02 Jul 2009 19:24:14 GMT)

US Cash Grain Review: Grains Suffer, Soybean Prices Stronger
SUPERIOR, Neb. (Dow Jones)--Further divergence occurred between grain/oilseed prices on the U.S. cash market this week, with additional appreciation in the value of soybeans, juxtaposed against multi-month lows for corn/wheat. (Thu, 02 Jul 2009 19:53:16 GMT)

Armed man robs Check Into Cash store
Another payday loan business was robbed Wednesday, and police are looking into whether it is connected to several robberies of similar operations around the city last month. (Thu, 02 Jul 2009 20:12:18 GMT)

Hyundai Advances Dealers Cash for ‘Clunker’ Trade-ins (Update1)
The payments cover new-vehicle credits for consumers until the federal government completes rules for the program later this month and begins paying dealers, Hyundai spokesman Chris Hosford said in an interview today. Hyundai is the first manufacturer to extend such advances, he said. (Thu, 02 Jul 2009 21:41:32 GMT)

Man in dress robs San Mateo business
SAN MATEO — A man in a dress, purple gloves and a floppy sun hat robbed a payday loan business Thursday afternoon, authorities said.The man walked into the business on the 3800 block of South El Camino Real at around 2:15 p. (Fri, 03 Jul 2009 01:39:03 GMT)

UAE shares advance to cap week-long choppy trade
UAE shares advance to cap week-long choppy trade (Fri, 03 Jul 2009 06:06:46 GMT)

What's happening Saturday: Summer Fishing Day for Youth; Johnny Cash Tribute Show
Children's event in Mattawan Summer Fishing Day for Youth is being held at Wolf Lake Fish Hatchery, 34270 County Road 652, Mattawan. (Fri, 03 Jul 2009 09:13:05 GMT)

India cash rates end nr 3.25 pct on reporting day
MUMBAI, July 3 (Reuters) - Indian overnight call rates ended near the reverse repo rate of 3.25 percent in thin trade on the reporting Friday, with most banks already having met their reserve needs. (Fri, 03 Jul 2009 12:18:08 GMT)

Worrying rise in residents behind on credit payments
(Jul 4, 2009) - More and more Hamiltonians are falling deeper and deeper into debt. (Sat, 04 Jul 2009 08:35:03 GMT)

Armed robbery at Cash Advance store
HOLLAND, Mich. (NEWSCHANNEL 3) - The Ottawa County Sheriff's office responded to a Cash Advance store after being called about an armed robbery. Authorities were called to the store on 520 Butternut #20 around 7:30pm Friday. (Sat, 04 Jul 2009 13:28:22 GMT)

Cash Advance store in Holland Township robbed Friday
HOLLAND TOWNSHIP -- Police are looking for an armed robber who held up the Cash Advance store at 520 Butternut Avenue on Friday evening.... (Sat, 04 Jul 2009 14:14:36 GMT)

Holland Cash Advance store robbed
A man who said he had a gun robbed the Cash Advance store in Holland Friday night as the clerk was trying to close the store. (Sat, 04 Jul 2009 16:30:30 GMT)

Cash squeeze may put United Airlines in a bind
Airline merger talks likely as lean winter months approach The next few months will be crucial for United Airlines as it and other U.S. airlines cope with a cash squeeze. (Sat, 04 Jul 2009 17:44:01 GMT)

Car buyers eager to get big federal rebates
It is happening already. Customers are asking new-car dealers about getting as much as $4,500 for their old gas-guzzlers. The new incentive, popularly known as "Cash for Clunkers," took effect Wednesday. (Sat, 04 Jul 2009 22:03:45 GMT)

Drug tests for welfare recipients considered
State Sen. Richard Alloway II, R-Waynesboro, is cosponsoring legislation that would require Pennsylvania's cash assistance applicants and recipients to pass random illegal drug tests in order to receive benefits. (Sun, 05 Jul 2009 02:17:22 GMT)

Grand Rapids News Summary: Headlines for July 4
Download front pages from The Grand Rapids Press Here are a few of the top headlines from Saturday: • Cash Advance store in Holland Township robbed Friday • Grand Rapids political adviser to John McCain says Sarah Palin resignation signals... (Sun, 05 Jul 2009 04:29:26 GMT)

Recession keeping Wichita pawn shops busy
This is a special day for Lisa Boland. She is getting her wedding ring out of hock. (Sun, 05 Jul 2009 05:02:17 GMT)

The Credit Guy: A cash advance to pay for wedding is costly
Q: Are there any current credit cards that will allow you to "write a check" (get cash out similar to a loan)? I have seen offers in the past but am not sure about it now. I have excellent credit, use only a debit card, but need to get cash out to pay for my daughter's wedding. (Sun, 05 Jul 2009 07:17:30 GMT)

Police seek information on cash store holdup
Westland police are looking for a man who robbed a cash advance store at gunpoint Tuesday. (Sun, 05 Jul 2009 11:42:05 GMT)

Texas Rangers' cash flow will be bigger issue in off-season
The Texas Rangers' first series of the season in Anaheim, Monday through Wednesday, surely will tell us more about how long they can contend, writes columnist Tim Cowlishaw. The good news is that the club knows help is on the way. | (Sun, 05 Jul 2009 13:24:10 GMT)

P10 billion cash advances unliquidated; COA restores pre-audit
By YVONNE CHUA UNLIQUIDATED cash advances of national government agencies and local government units have ballooned to P10 billion, prompting the Commission on Audit to restore the pre-audit of select government transactions starting next month. The COA said it was restoring the practice of pre-audit in a bid to check what it described as the “rising incidents of irregular, illegal, wasteful and ... (Sun, 05 Jul 2009 16:02:44 GMT)

Texas Rangers' cash flow will be bigger issue in off-season
The Texas Rangers' first series of the season in Anaheim, Monday through Wednesday, surely will tell us more about how long they can contend, writes DMN columnist Tim Cowlishaw. The good news is that the club knows help is on the way. | (Sun, 05 Jul 2009 23:04:05 GMT)

India cash rates stable near reverse repo on cash
MUMBAI, July 6 (Reuters) - Indian overnight call rates were little moved on Monday with huge cash surpluses in the system helping banks meet their reserve needs easily. (Mon, 06 Jul 2009 06:28:47 GMT)

EMC Increases Its All-Cash Offer To Acquire Data Domain to $33.50 Per Share
EMC Corporation today announced that it has increased its offer to acquire all the outstanding common stock of Data Domain, Inc. to $33.50 per share in cash, for a total enterprise value of approximately $2.1 billion, net of Data Domain's cash. (Mon, 06 Jul 2009 12:00:00 GMT)

Dollar Financial Corp Announces Acquisition of Four Stores in Northern Ireland; Strengthens Store Footprint in Belfast
BERWYN, Pa.----Dollar Financial Corp , a leading international financial services company serving unbanked and under-banked consumers, today announced the acquisition of four stores in Northern Ireland. (Mon, 06 Jul 2009 12:30:00 GMT)

Payday loans interest rates can lead to more debt
RICHMOND, VA (WWBT) - A warning for people who've fallen on hard times and are considering going to a payday lender. Consumer advocates say taking that option could land you in an even deeper hole. (Mon, 06 Jul 2009 12:48:07 GMT)

Dollar Financial adds 4 stores in Northern Ireland
Dollar Financial Corp., a pawn shop operator and payday lender, said Monday it acquired four stores in Northern Ireland. (Mon, 06 Jul 2009 14:11:54 GMT)

Dollar Financial adds 4 stores in Northern Ireland
(AP:BERWYN, Pa.) Dollar Financial Corp., a pawn shop operator and payday lender, said Monday it acquired four stores in Northern Ireland. Dollar Financial paid 550,000 pounds ($898,568) for the four locations, including 160,000 pounds ($261,402) for the stores' loan books. (Mon, 06 Jul 2009 14:17:38 GMT)

Two armed teens try to rob cash advance store
WICHITA — Two teenagers are suspected of attempting to hold up a cash advance store in south Wichita early this morning. (Mon, 06 Jul 2009 14:37:17 GMT)

Dollar Financial adding 4 stores in Northern Ireland
Check casher and payday lender Dollar Financial Corp. said Monday that it was acquiring four stores in Northern Ireland. (DLLR) (Mon, 06 Jul 2009 14:45:39 GMT)

AG Sues Two Loan Firms
Journal Staff and Wire The state Attorney General's Office has sued two small loan companies alleging that the interest rates charged by the businesses are unconscionable and in violation of the New Mexico Unfair Practices Act. (Mon, 06 Jul 2009 15:49:31 GMT)

AG's Office Settles Suit Over Loan Firm Threats
Journal Staff Report The New Mexico Attorney General's Office announced Tuesday it has settled a lawsuit against All American Cash Advance in Albuquerque for engaging in unfair and deceptive practices that included threatening consumers with arrest if they failed to pay their loans. (Mon, 06 Jul 2009 15:58:34 GMT)

New FDIC Report Shows Rate-Limited Short-Term Loans Are Unprofitable and Unsustainable
The FDIC's latest report on its Small-Dollar Loan Pilot Program sheds new light supporting the short-term payday loan industry financial model for those needing short-term financing. (Mon, 06 Jul 2009 16:30:00 GMT)

Utah's high bankruptcy rate stems from wage garnishment laws, BYU expert says
Lars Lefgren (Mon, 06 Jul 2009 17:29:27 GMT)

Police link suspect to more burglaries
A Columbia man accused of burglarizing two Columbia jewelry stores has been tied to two other recent burglarizes at payday loan stores, police said. (Mon, 06 Jul 2009 18:46:02 GMT)

More people paying taxes with credit cards
Ohio and federal lawmakers have moved lately to crack down on abusive credit-card policies - but not to stop people from using plastic to pay taxes. (Tue, 07 Jul 2009 03:24:02 GMT)

PRO BOWLING: Angelo, teammates advance
Lockport professional bowler Brad Angelo and his Team Geico teammates have clinched a finals berth in the GEICO PBA Team Shootout Series. (Tue, 07 Jul 2009 03:36:50 GMT)

Editorial: State needs a cap on payday loan rates
What do low-wage families do when they are hit with unexpected expenses, such as car trouble? Many already are struggling to pay for housing, food, utilities and other essentials. They have access to few low-cost borrowing options. (Tue, 07 Jul 2009 07:03:05 GMT)

Fast Cash Advance Loan Laws Tight in Illinois
With the difficult economy, more people in Illinois are in need of cash advances. CashAdvanceAlliance.com offers information to ensure borrowers are up-to-date on the latest laws. (PRWeb Jul 7, 2009) Read the full story at http://www.prweb.com/releases/cash_advance/payday_loan/prweb2614454.htm (Tue, 07 Jul 2009 07:09:34 GMT)

Payday Loans Target Latinos, African Americans
Californians lose $450 million annually to service payday loans, and $247 million comes from the pockets of working-class African-American and Latino borrowers who can least afford it. If California bill AB 377 is successful, that number could approach $380 million. (Tue, 07 Jul 2009 07:34:56 GMT)

U.S. Stock-Index Futures Advance; Exxon, Intel, Alcoa Gain
July 7 (Bloomberg) -- U.S. stock-index futures advanced, reversing earlier declines, as Exxon Mobil Corp. climbed with oil and Bank of America Corp. recommended shares of Intel Corp. (Tue, 07 Jul 2009 11:31:25 GMT)

Two attempt to rob payday loan business
WICHITA — Two men attempted to rob a payday loan business Monday, but were foiled when an employee was able to lock the doors and call the police. (Tue, 07 Jul 2009 16:41:55 GMT)

MCG Capital Gets Loan Repayment
We think the advance receipt of the loan, which was given to Cervalis LLC in March 2007, will support MCGC's cash position at this point in time. (Tue, 07 Jul 2009 18:31:06 GMT)

How to make friends and get money out of them
Qualifying for a loan requires a bit more than simply having a pulse in a post-GFC world - which is why many consumers are turning to peer-to-peer lending, writes Ray Fisman . (Wed, 08 Jul 2009 01:41:36 GMT)

Boeing buys airplane plant
Boeing will pay Texas-based Vought Aircraft Industries $1 billion to buy the 787 rear fuselage plant in North Charleston. In addition to $580 million in cash, Boeing is forgiving $422 million of advance payments it made to Vought. (Wed, 08 Jul 2009 02:52:20 GMT)

Cash squeeze puts airlines in bind
The next few months will be crucial for United Airlines as it and other U.S. airlines cope with a cash squeeze. (Wed, 08 Jul 2009 04:12:20 GMT)

Bill aimed at 'payday loans' not strong enough
What do low-wage families do when they are hit with unexpected expenses, such as car trouble? They already are struggling to pay for housing, food and other essentials. Unfortunately, many turn to so-called "payday loans" that charge exorbitant (Wed, 08 Jul 2009 07:02:34 GMT)

Fast Payday Loan Options Decrease - Raising Controversy
New laws in Virginia have decreased the number of fast payday loan notes taken out by borrowers; however the statistics come with controversy. FastLoan.org keeps borrowers up-to-date on the latest. (Wed, 08 Jul 2009 07:05:00 GMT)

Cash squeeze binds United - Wed, 08 Jul 2009 PST
CHICAGO – The next few months will be crucial for United Airlines as it and other U.S. airlines cope with a cash squeeze. The global recession has caused airline ticket sales to plunge deeper than anyone – carriers or analysts – anticipated. (Wed, 08 Jul 2009 07:12:59 GMT)

HARRY POTTER 6's Magical Advance Tickets
While Transformers: Revenge of the Fallen is basically owning the box office at current moment by accumulating $607.6 million worldwide after its first 13 days of release, most potential moviegoers are now looking forward to that next big deal for their hard-earned cash. Not surprising anyone... (Wed, 08 Jul 2009 09:47:38 GMT)

Payday Loans Squeeze Millions in Fees from Blacks and Latinos
(NNPA) - New research from the Center for Responsible Lending has found payday lenders are nearly eight times more concentrated in California's Black and Latino neighborhoods as compared to White neighborhoods, draining these communities of $247 million in payday loan fees. (Wed, 08 Jul 2009 15:41:01 GMT)

DLLR Adds 4 Stores in Northern Ireland
The acquired stores are multi-product locations offering check cashing, payday lending and pawn broking services. (Wed, 08 Jul 2009 15:52:26 GMT)

Cash advance business robbed
SUFFOLK, Va. - Suffolk police tell WAVY.com, a cash advance business in Suffolk was robbed Wednesday. According to police, two suspects were involved. One of the suspects entered the business and inquired about a loan. (Wed, 08 Jul 2009 17:46:01 GMT)

Man, teen sought in robbery of Suffolk payday lender
SUFFOLK Police say a man and a teenager caught on camera robbed Advance America on Townpoint Road around 6 p.m. Tuesday. (Wed, 08 Jul 2009 17:55:17 GMT)

Suffolk police seek suspects in cash advance store robbery
Police are investigating the Tuesday evening robbery of an Advance America cash advance store in Suffolk. (Wed, 08 Jul 2009 19:43:51 GMT)

Suspect in Suffolk payday lender robbery had arm in cast
SUFFOLK – Two men are wanted for robbing a payday lender in Sufoflk. Authorities say one man asked a worker at Advance America on Townpoint Road about a loan. Soon after, his accomplice showed up with a gun. (Wed, 08 Jul 2009 20:02:01 GMT)

Cayce DPS seeks man who's walking away with cash for no work
The Cayce Department of Public Safety is looking for a man who they say has been promising services he can't provide and walking away with the cash. (Wed, 08 Jul 2009 20:25:43 GMT)

Money Mart lawsuit may mean consumer payday
A landmark class action lawsuit has been launched against payday loan giant Money Mart, and could mean big bucks for B.C. resident who borrowed money from the company. (Wed, 08 Jul 2009 22:42:29 GMT)

Soybean Cash Premium Narrows on Speculation Demand Will Decline
July 8 (Bloomberg) -- Cash bids for soybeans at export terminals near New Orleans narrowed their premium relative to Chicago futures on speculation that offshore demand for U.S. supplies is declining. (Wed, 08 Jul 2009 22:44:05 GMT)

Payday loans offer pols an opportunity to spear the hungry loansharks
Congress is finally poised to crack down on the legal loansharking known as payday lending - but only if legislators resist the siren call of special-interest money. (Thu, 09 Jul 2009 02:01:00 GMT)

Study: Many Payday Borrowers Need Additional Loan
A majority of borrowers who take out payday loans have to seek a new loan shortly after paying back the original debt because repayment left them with inadequate funds for other needs, a new study by the Center for Responsible Lending has found. (Thu, 09 Jul 2009 13:41:00 GMT)

Nasdaq leads advance
Stocks mustered gains Thursday afternoon as investors welcomed Alcoa's smaller-than-expected quarterly loss and a big drop in first-time jobless claims. (Thu, 09 Jul 2009 13:58:52 GMT)

Most Payday Borrowers Take On More Loans In A Hurry: Study
Payday loans are touted as a useful financial product for middle-class households that just need a little help making ends meet in the short term. But critics have long held that the costly short-term loans burn a hole in those households' finances, which can immediately necessitate another loan, and another, and another, trapping the borrower in a cycle of debt. (Thu, 09 Jul 2009 15:56:28 GMT)

Shelby armed robber gets 8 years in prison
A Shelby man was sentenced to eight years in prison Tuesday for robbing a Willard cash-advance store at gunpoint in 2007. Ron E. Morrison, 34, will serve a mandatory three years on a firearm specification before doing five years behind bars. (Thu, 09 Jul 2009 16:10:08 GMT)

Phantom Demand: Payday Lenders Create Their Own Demand with Loan Terms That Generate Rapid Re-Borrowing
A full three quarters of the payday industry's loan volume is generated by borrowers who, after repaying one payday loan, must take out another before their next paycheck, new Center for Responsible Lending research shows. (Thu, 09 Jul 2009 16:54:00 GMT)

Most payday loan borrowers open new loans repeatedly
Payday loans require borrowers to sign over their next paycheck in exchange for a cash advance of a few hundred dollars with an interest rate as high as 400 percent. (Thu, 09 Jul 2009 20:45:01 GMT)

Calif. man to face elder abuse charges
ELKO — A California man accused of persuading an 82-year-old woman to take an $8,000 cash advance on her credit card to use as a down payment on a 2005 Hummer was bound over to District Court June 18 to face elder abuse charges. (Thu, 09 Jul 2009 23:36:35 GMT)

Cash advance robbery investigation ongoing
Police are investigating the Tuesday evening robbery of an Advance America cash advance store in Suffolk. (Fri, 10 Jul 2009 01:29:21 GMT)

News Tracker: Robbery at cash advance business
WHAT WE KNEW: Raymundo Gallegos, 21, and Michael St. Sauver, 20, both of La Crosse, each were charged in La Crosse County Circuit Court with being party to the crime of armed robbery with threat of force. Gallegos is accused of demanding money at gunpoint at Check Mate Cash Advance Center, 1103 Rose St., on June 16, according to the complaint. St. Sauver is accused of being the getaway driver. (Fri, 10 Jul 2009 05:00:15 GMT)

Before Signing on the Dotted Line, Borrowers should be Aware of the Pros and Cons of a Quick Payday Loan
With today's difficult economy, more families are having trouble making ends meet. In a bind, many are turning to a quick payday loan. QuickLoan.org points out the pros and cons of these types of loans so borrowers are can make informed financial decisions. (Fri, 10 Jul 2009 07:01:00 GMT)

4 alternatives to payday lending
The recession drags on, and many consumers facing financial emergencies are looking for quick cash. For years, payday lending -- in which borrowers get small loans to tide them over until the next payday -- has been a popular option. (Fri, 10 Jul 2009 11:42:26 GMT)

Cambridge teams advance in MIT’s clean energy competition
EGG-Tech, IntAct Labs LLC, Solar Engineering Solutions and Expert Software Solutions, all from Cambridge, have been chosen among 30 teams as semifinalists in the Ignite Clean Energy business presentation competition. The contestants will continue in the competition to win as much as $200,000 in cash and services. (Fri, 10 Jul 2009 18:21:19 GMT)

West Allis Police Search For Armed Robber
West Allis police search for a man who robbed the National Cash Advance on 108th Street Friday morning. (Fri, 10 Jul 2009 21:16:10 GMT)

How to hold a garage sale
Your basement shelves are overflowing, but your bank account isn't. You're thinking: "GARAGE SALE." Sure, it's a great way to get rid of stuff you don't want and get some cold, hard cash. But beware: It takes hard work, organization and good planning — weeks in advance. (Sat, 11 Jul 2009 08:24:10 GMT)

Ministers' cash grab
VICTORIAN ministers have been accused of using the taxpayer as a "teller machine" because they have been handed cash advances for trips overseas. (Sat, 11 Jul 2009 14:00:00 GMT)

Museum of Aviation auction is the "event of the summer"
Want to take a chance on winning one of five cars and trucks or $20,000 in cash? Would you like to bid for a peaceful vacation in a home in Wyoming or an $8,000 Jacuzzi? Or would you bid for a VIP visit to an Indy 500 weekend next May in Indianapolis and a chance to hang out with the Panthers Team and driver Dan Wheldon, winner of the 2005 Indy 500? (Sun, 12 Jul 2009 04:03:42 GMT)

Outdoors Calendar
Submit items one week in advance for the Outdoors Calendar, a weekly listing of hiking, mountain biking, paddling, running and other activities in Western North Carolina. (Sun, 12 Jul 2009 04:17:36 GMT)

Cutbacks, double shifts:The static of hard times.
Despite only modest declines in listenership, the red ink is rising around Radio One and the entire radio industry. Stations are trying to adapt to the digital age, but they are way behind other media outlets in extracting cash from the Internet. (Sun, 12 Jul 2009 07:00:00 GMT)

The Economic Downturn Heats Up the Instant Cash Advance Loan Industry
While more people are turning to instant cash advance loans, the legislators in some states are turning up the heat on lenders. FastCash.org points out some concerns and recommends tips for borrowers so they do not fall into a more difficult financial situation. (Sun, 12 Jul 2009 07:01:00 GMT)

Still traveling for business, but carefully
Airfare wars and room-rate promotions are usually aimed at vacationers, but airlines and hotels are resorting to similar tactics to regain their traditional cash cow _ the business traveler. Corporate travelers, who pay higher airfares when they sit in the... Sponsored Topics: Cash cow - Airline - Business - Travel and Tourism - AmericanIdol (Sun, 12 Jul 2009 18:08:38 GMT)

Still traveling for business, but carefully
NEW YORK - Airfare wars and room-rate promotions are usually aimed at vacationers, but airlines and hotels are resorting to similar tactics to regain their traditional cash... (Mon, 13 Jul 2009 02:35:09 GMT)

China Money-Market Rates Advance on IPOs; Yuan Little Changed
July 13 (Bloomberg) -- China’s money-market rates advanced as regulators approved more initial public offerings, further draining cash from the financial system. The yuan was little changed. (Mon, 13 Jul 2009 03:10:19 GMT)

Borrowers Bled Dry
Congress should help rein in payday lenders by passing a bill that would limit interest charges on all kinds of consumer credit. (Mon, 13 Jul 2009 03:29:36 GMT)

China Money-Market Rates Advance on IPOs; Yuan Little Changed
July 13 (Bloomberg) -- China’s money-market rates advanced as regulators approved more initial public offerings, further draining cash from the financial system. The yuan and government bonds were little changed. (Mon, 13 Jul 2009 05:25:11 GMT)

1 payday loan often brings 2nd
Most borrowers who take out payday loans have to seek a new loan shortly after paying back the original debt because repayment left them short for other needs, a study by the Center for Responsible Lending has found. (Mon, 13 Jul 2009 07:04:53 GMT)

smart USA Launches the "smart USA Advance Program"
BLOOMFIELD HILLS, Mich.----smart USA announced today the launch of the "smart USA Advance Program". Under the terms of this program, smart USA will advance to dealers the applicable credit under the government-funded Car Allowance Rebate System when an eligible vehicle is traded-in with the purchase of a smart fortwo. (Mon, 13 Jul 2009 12:24:00 GMT)

Check Into Cash(R) Completes Check Cashing Conversion to Chexar(R) Risk Management Platform
Check Into Cash, Inc. has just completed the conversion of more than 1,000 of its financial service centers to a risk management solution offered by 8 year old Chexar Networks, Inc. in Atlanta, Georgia. (Mon, 13 Jul 2009 14:00:00 GMT)

smart USA Launches the smart USA Advance Program
BLOOMFIELD HILLS, Mich. July 13, 2009; smart USA announced today the launch of the “smart USA Advance Program”. (Mon, 13 Jul 2009 15:19:06 GMT)

Offering Loans to Keep VA State Employees Away from Payday Lenders
Virginia will offer state employees loans up to $500 in an effort to prevent them from turning to payday or car title lenders during tough economic times. (Mon, 13 Jul 2009 15:20:00 GMT)

Eligible Virginia Employees Will Get $100-$500 Loans
Gov. Timothy M. Kaine announced the Virginia State Employee Loan Program on Monday, in which state employees will get loans up to $500 in an effort to prevent them from turning to payday or car title lenders during tough economic times. (Mon, 13 Jul 2009 15:22:59 GMT)

European Shares Advance; Porsche, Friends Provident Lead Gains
July 13 (Bloomberg) -- Stocks in Europe advanced, rebounding from the longest stretch of weekly declines in four months, as speculation takeovers will increase boosted automakers, insurers and energy companies. (Mon, 13 Jul 2009 16:00:57 GMT)

Payday loans squeeze millions in fees from Blacks and Latinos
(Special to the NNPA from the Final Call) New research from the Center for Responsible Lending has found payday lenders are nearly eight times more concentrated in California s Black and Latino neighborhoods as compared to white neighborhoods, draining these communities of $247 million in payday loan fees. (Mon, 13 Jul 2009 17:32:31 GMT)

Va. loan program hopes to curb predatory lending
Virginia will offer state employees short-term loans up to $500 in an effort to prevent them from turning to payday or car title lenders during tough economic times. (Mon, 13 Jul 2009 18:09:19 GMT)

(AFX UK Focus) 2009-07-13 21:26 Virginia, Pennsylvania announce payday loan actions
NEW YORK, July 13 (Reuters) - Two large U.S. states, Virginia and Pennsylvania, on Monday announced steps they said may keep consumers who are struggling in a tough economy from taking out unnecessarily high-cost loans from payday lenders. Virginia said it will offer six-month loans of $100 to $500 to state employees facing financial difficulties, Gov. Timothy Kaine said. The loans have a 24.99 ... (Mon, 13 Jul 2009 20:32:44 GMT)

Va. loan program an attempt to curb predatory lending
By Dena Potter RICHMOND Virginia will offer state employees short-term loans up to $500 in an effort to prevent them from turning to payday or car title lenders during tough economic times. (Mon, 13 Jul 2009 21:39:54 GMT)

Asian Stocks Climb on Earnings Optimism; Posco, Komatsu Advance
July 14 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index from an eight-week low, after Posco raised its production target and Singapore lifted its forecast for economic growth. (Tue, 14 Jul 2009 02:06:46 GMT)

YMCA gets cash advance
TREVOR TERFLOTH The Daily News Municipal council approved a funding advance Monday to help the YMCA of Chatham-Kent make its new facility possible. However, the $1,028,571 requested will be provided by Sept.[...] (Tue, 14 Jul 2009 02:08:46 GMT)

Payday lending: State offers workers small loan program
State workers facing economic hardships can now take out $500 loans from the state in a new effort designed to further curb payday lending in Virginia. (Tue, 14 Jul 2009 02:32:46 GMT)

New loan program for state workers wins praise
Consumer advocates yesterday praised a new program launched by Virginia to help state workers get emergency, short-term loans without having to turn to payday lenders. Citing the dangers of “predatory” lending and the worst economic recession since the 1930s, Gov. Timothy M. Kaine yesterday announced that employees will be able borrow up to $500 twice a year to help meet financial needs. (Tue, 14 Jul 2009 04:18:31 GMT)

Asian Stocks Climb on Earnings Optimism; Posco, Komatsu Advance
July 14 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index from an eight-week low, as Posco raised its production target and Singapore upgraded its forecast for economic growth. (Tue, 14 Jul 2009 04:37:20 GMT)

Police Search For Robber In EZ Payday Loans
An EZ Payday Loan at 2548 S. Seneca has been robbed twice in one week. (Tue, 14 Jul 2009 05:03:52 GMT)

State employee loan program unveiled - roanoke.com
The idea is to provide an alternative to what some have called predatory lending practices. RICHMOND -- Virginia has established a short-term, emergency loan program for state employees that Gov. Tim Kaine said could become a model for providing alternatives to high-interest payday and car-title loans. (Tue, 14 Jul 2009 05:55:32 GMT)

Asian Stocks Climb on Growth Optimism; Posco, Komatsu Advance
July 14 (Bloomberg) -- Asian stocks rose, giving the MSCI Asia Pacific Index its biggest gain in two months, as Singapore upgraded its forecast for economic growth and fund manager Barton Biggs said some Asian markets are “still attractive.” (Tue, 14 Jul 2009 11:02:37 GMT)

Indian Oil Delays Overseas Investment on Reduced Cash (Update1)
July 14 (Bloomberg) -- Indian Oil Corp. , the nation’s biggest refiner, will delay crude-processing and pipeline projects overseas, including Nigeria and Turkey, because of reduced cash flow after selling fuels below cost. (Tue, 14 Jul 2009 11:17:48 GMT)

YMCA receives cash advance
Municipal council approved a funding advance yesterday to help the YMCA of Chatham-Kent make its new facility possible. However, the $1,028,571 requested will be provided by Sept. 30 only if the federal and provincial governments also contribute.[...] (Tue, 14 Jul 2009 13:10:46 GMT)

Close books one month in advance: Mint CFO
Proactive system needed in today's worst-ever crisis in the hotel industry (Tue, 14 Jul 2009 15:46:40 GMT)

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