Cash Advance News Aug 2009

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Woman charged in Oshawa scam
A woman was arrested Tuesday in Mississauga and charged in connection with a scam that targeted an Oshawa payday loan company. (Sat, 01 Aug 2009 01:36:38 GMT)

Money-troubled doctor found lifeline in Jackson
JUSTIN PRITCHARD,Associated Press Writers KEN RITTER,Associated Press Writers LOS ANGELES (AP) — Dr. Conrad Murray needed a big payday when he became Michael Jackson's personal physician last spring. (Sat, 01 Aug 2009 09:02:50 GMT)

Fed Officials Take 'Predatory Lending' Fact-Finding Tour of Metro
"Predatory Lending" are dirty words to many people who get stuck in a loan they just can't pay off, and officials with the Federal Reserve say they want to do something about it as they toured areas of the metro hard-hit by foreclosures and payday loans. (Sun, 02 Aug 2009 00:40:22 GMT)

Payday loans a Valley money pit
There are times when Glenda Powell is desperate for money. (Sun, 02 Aug 2009 04:53:01 GMT)

Payday loan alternative announced
West End Neighborhood House, Inc., Wilmington, announced the statewide expansion of its low-interest loan program - now called Loans Plus. This program helps Delawareans break free from the cycle of payday lending, according to a release from the organization. (Sun, 02 Aug 2009 16:30:13 GMT)

How to cash in on recession-driven summer travel deals
(ARA) - Summer travelers will find the silver lining of the current economic climate is the availability of some incredible travel values. Hotel, airfare and vacation package prices are all down significantly from last year, helping to make travel more affordable than it has been in years. (Sun, 02 Aug 2009 16:35:35 GMT)

(AFX UK Focus) 2009-08-02 19:26 Advance Auto has more upside -Barron's
NEW YORK, Aug 2 (Reuters) - Shares in Advance Auto Parts Inc are likely to benefit as many cash-strapped consumers opt to repair their old cars rather than buy new ones, Barron's reported. The auto-parts retailer could also benefit from moves by General Motors and Chrysler to close down many dealerships, sending more customer traffic to its 3,000-plus locations, the paper said. Advance Auto's ... (Sun, 02 Aug 2009 18:51:50 GMT)

Flight passage unclear for Air India
The Maharaja is in trouble. The national carrier, Air India, whose mustachioed mascot is widely-known, needs an urgent infusion of cash to survive the latest turbulence in its chequered history. These ..... (Mon, 03 Aug 2009 02:31:47 GMT)

Some credit union loans are not a good deal
Short-term loans offered by some credit unions as alternatives to high-cost payday loans are as risky and deceptive as those they're supposed to replace, some consumer groups say. (Mon, 03 Aug 2009 03:37:19 GMT)

Cash for Clunkers: Changes in gas mileage figures cause confusion
As it prepared for its “cash-for-clunkers” program, the government rejiggered gas mileage figures on about 100 older vehicles in a way that changed whether they would be eligible for up to $4,500 in sales inducements. (Mon, 03 Aug 2009 03:38:18 GMT)

Henrico business licenses for Aug. 3
The following are recently issued business licenses in Henrico County. Ruth Austin (peddler perishable); licensee same, various Henrico locations. Armfield Properties of Virginia LLC (contractor); licensee same, various Henrico locations. Bhavani Cash & Carry Richmond (retail food); licensee Bhavani USA Inc., 8400 W. Broad St., Henrico 23294-6202.Granvillebuildings (retail merchant/wholesale); ... (Mon, 03 Aug 2009 04:05:28 GMT)

Contractors face challenges with unpaid bills
PuroClean, a Pompano Beach-based water, fire and mold cleanup company, will take no more work from the Related Group – unless it’s paid in cash. (Mon, 03 Aug 2009 04:22:27 GMT)

Payday lenders giving lobbyists big paydays to stop interest cap
The latest bid to regulate Wisconsin's payday lending industry is turning into a big bonanza for the Madison lobbying corps, as more than two dozen influence-peddlers fight a proposed 36% cap on interest rates. (Mon, 03 Aug 2009 04:51:22 GMT)

Indian Shares Advance, As L&T, Bharti Gain
Indian Shares Advance, As L&T, Bharti Gain (Mon, 03 Aug 2009 05:19:59 GMT)

Check 'n Go Offers Larger Loans Title Loans Offered in Three States
Check 'n Go, a leading payday loan provider, now provides title loans for their customers in Calif., N.M., and Ariz. The title loans, released in May 2009, are available on Check 'n Go's website for loan amounts up to $10,000 which is a higher loan amount than their traditional payday loan. (Mon, 03 Aug 2009 07:01:00 GMT)

Dealing with Cash for Clunkers' junkers
So, you've decided to get rid of an old car for a fuel-efficient model as part of the Cash for Clunkers program . Not only does your new ride have a better carbon footprint, but the old one will be shredded and recycled. It's a win-win situation. (Mon, 03 Aug 2009 13:52:56 GMT)

U.S. Stocks Advance; Ford, Bank of America Shares Climb
Aug. 3 (Bloomberg) -- U.S. stocks rose, extending a five- month rally for the Standard & Poor’s 500 Index, on growing speculation the recession may be ending and an unexpected profit at Europe’s biggest bank. Oil and metals advanced, while Treasuries fell. (Mon, 03 Aug 2009 14:45:55 GMT)

Not all credit union loans are equal
NEW YORK, Aug. 3 (UPI) -- A watchdog group said some credit union loans approach terms equivalent to payday loans, which allow U.S. workers to borrow against their next paycheck. (Mon, 03 Aug 2009 14:48:27 GMT)

Cash for clunkers, signs of life
While some of stimulus money will still take time to affect the economy, the cash for clunkers deal ran through nearly $1bn in a week, boosting auto sales by roughly 250,000. The programme, officially called Cars (for Car Allowance Rebate System), offers $3,500 to $4,500 to consumers who trade in a used car for a new one that gets at least four miles per gallon in better gas mileage. (Mon, 03 Aug 2009 15:40:00 GMT)

'Cash For Clunkers' Boosts Ford Sales 1.6%
In this July 27, 2009 photo, a woman shops for a car at Springfield Auto Mart in Springfield, Vt., a dealer for Buick, Pontiac and GMC. Above her is a car that was dumped in a dumpster as a visual promotion for the government cash-for-clunkers program. (Mon, 03 Aug 2009 15:47:02 GMT)

Ford Sales Get Jolt from Cash for Clunkers
Cash for Clunkers and new fuel efficient vehicles drove up sales for Ford Motor Company for the month of July. (Mon, 03 Aug 2009 15:48:06 GMT)

Cash For Clunkers Program Pushes FOMCO July Sales UP 9%
Customer demand for Ford’s fuel-efficient vehicles coupled with the U. S. government’s Car Allowance Rebate System (“Cash for Clunkers”) enabled Ford to post the first sales increase of any major manufacturer in 2009. (Mon, 03 Aug 2009 15:53:01 GMT)

Cash for Clunkers drives Ford sales higher
SAN FRANCISCO (MarketWatch) - Ford Motor Co. on Monday thanked the popular Cash for Clunkers program for triggering a wave of buyers and helping the automaker deliver its first sales increase in almost two years. (Mon, 03 Aug 2009 15:57:29 GMT)

Payday Loan Scam Alert
The Better Business Bureau is issuing a national alert about phony debt collectors that are calling consumers nationwide and claiming that they have defaulted on a payday loan and will be arrested if they don’t pay immediately. (Mon, 03 Aug 2009 17:26:10 GMT)

Senate Action Unclear on 'Clunkers' Cash
Prospects remain uncertain for Senate action this week to refinance the popular "cash for clunkers" program, even though the House has acted and the Obama administration is pushing senators to quickly clear the legislation. (Mon, 03 Aug 2009 17:26:17 GMT)

BBB: Scammers are targeting payday loan customers
Claiming to be lawyers, the scammers say they are with the "Financial Accountability Association" or the "Federal Legislation of Unsecured Loans" and are equipped with a disconcerting amount of personal information about their potential victims, including SSI numbers. (Mon, 03 Aug 2009 17:43:58 GMT)

Cash For Clunkers Program Pushes FOMCO July Sales UP 2.4%
Customer demand for Ford’s fuel-efficient vehicles coupled with the U. S. government’s Car Allowance Rebate System (“Cash for Clunkers”) enabled Ford to post the first sales increase of any major manufacturer in 2009. (Mon, 03 Aug 2009 18:23:10 GMT)

Ford Sales Up During Cash for Clunkers
Ford attributes at least part of their increase in July sales to the government's wildly successful "cash-for-clunkers" program. (Mon, 03 Aug 2009 18:49:56 GMT)

US Cash Grain Review: Crop Conditions Forecast To Fall
SUPERIOR, Neb. (Dow Jones)--U.S. cash grain prices continued to soar Monday, as buyers anticipated government crop updates that are expected to show deterioration in the condition of corn and soybeans, the nation's largest cash crops. (Mon, 03 Aug 2009 19:22:39 GMT)

Suspect arrested in robberies of payday loan businesses
WICHITA — Police have arrested a 31-year-old man in connection with several robberies of payday loan businesses over a three-month period. (Mon, 03 Aug 2009 19:58:48 GMT)

BBB warns about phony debt collector scam in payday loans
The Better Business Bureau (BBB) is issuing a national alert about phony debt collectors who have been telling consumers that they have defaulted on a payday loan and will be arrested if they don’t pay immediately. (Mon, 03 Aug 2009 21:08:35 GMT)

'Clunkers' Cash Wins Key Support in Senate
A trio of Senate fuel-efficiency advocates said Monday they would back House-passed legislation to refinance the popular "cash for clunkers" program, eliminating a potential source of opposition to the bill and raising the likelihood it could got to President Obama before the August recess. (Mon, 03 Aug 2009 22:20:19 GMT)

Some short-term credit union loan rates may be high
Many credit unions have launched short-term loans in response to concerns that many low-income members were relying heavily on payday loans. Ideally, a credit union loan should offer a low-cost alternative to a payday loan, and many do. But before you sign up, scrutinize the details. Some credit union loans "are only marginally cheaper than traditional payday loans," says Lauren Saunders, an ... (Tue, 04 Aug 2009 00:38:34 GMT)

Should Congress pass more laws to regulate payday loans?
Yes. (Tue, 04 Aug 2009 07:01:53 GMT)

Payday lenders prey on their consumers
We've criticized payday loans many times because the lenders charge exorbitant rates for short-term loans that create a vicious cycle of one loan after another. Now payday lenders are concentrating their efforts in the poorest neighborhoods in the ce (Tue, 04 Aug 2009 07:02:24 GMT)

Cash Advance workers report being robbed
MUSKEGON TWP. -- Muskegon Township police are investigating a reported strong-arm robbery Friday evening of two employees of the Cash Advance store at 2095 E. Apple. Two female employees of the store told police they were leaving after closing up... (Tue, 04 Aug 2009 10:30:46 GMT)

'Cash For Clunkers' Program A Big Hit In State
From his seat at Harte Nissan in Hartford, Paul Abraham has seen the power of the government's "Cash for Clunkers" program. (Tue, 04 Aug 2009 11:08:01 GMT)

Will Cash for Clunkers Keep the Auto Industry Rolling?
Although extension of the popular program is still a question mark, things are starting to look up for some carmakers. (Tue, 04 Aug 2009 19:00:00 GMT)

Better Business Bureau warns of phone scam
The BBB says the scammers have been calling people and telling them they've been late on a payday loan and will be arrested if they don't pay immediately. (Tue, 04 Aug 2009 20:01:40 GMT)

Global Cash Access Reports Second Quarter 2009 Results
LAS VEGAS----Global Cash Access Holdings, Inc. today announced financial results for the quarter ended June 30, 2009 as well as its entry into an agreement to acquire Western Money Systems . (Tue, 04 Aug 2009 20:30:00 GMT)

Bottom Line Alert: Phony Debt Collectors
Phony debt collectors are prompting a Bottom Line Alert, as the Better Business Bureau warns of a possible mass data breach. The BBB says the phony debt collectors are calling consumers, telling them they've defaulted on a payday loan, and will be arrested if they don't pay up immediately. (Tue, 04 Aug 2009 23:43:48 GMT)

Cash-strapped Peninsula cities may find respite with cash for clunkers
n Officials hope tax revenues from car sales generated by 'cash for clunkers' will last (Wed, 05 Aug 2009 02:29:18 GMT)

Eddie Cash concert to benefit Horizons
CRYSTAL LAKE – Eddie Cash will return for his second annual performance to benefit Horizons for the Blind on Sept. 12 at McHenry County College. (Wed, 05 Aug 2009 06:37:35 GMT)

Payday lenders prey on the poorest
We've criticized payday loans many times because the lenders charge exorbitant rates for short- (Wed, 05 Aug 2009 08:42:24 GMT)

Man arrested in string of payday loan robberies
The Times of Northwest Indiana reports: A man suspected in a string of robberies over the last four months in northern Indiana and northeastern Illinois has been charged in a Valparaiso robbery. Lewis Gilbert III, 45, of Schererville, Ind., was arrested Monday; he's suspected in 11 Illinois robberies, including in Tinley Park, Glendale Heights and Belvidere. Get the full story: NWI.com . (Wed, 05 Aug 2009 08:45:14 GMT)

Yen, Dollar Advance as Lloyds Says Bad-Debt Provisions Increase
Aug. 5 (Bloomberg) -- The yen and the dollar rose after Lloyds Banking Group Plc posted a first-half loss and increased the size of bad-debt provisions, boosting demand for the safety of the Japanese and U.S. currencies. (Wed, 05 Aug 2009 09:20:50 GMT)

Wind Bonds Advance as Earnings Increase, Debt Ratios Improve
Aug. 5 (Bloomberg) -- Wind Telecomunicazioni SpA ’s bonds gained after the company, which last month held Europe’s biggest sale of high-yield debt since 2006, reported an increase in first-half profit and said debt ratios are improving. (Wed, 05 Aug 2009 12:45:38 GMT)

Wisconsin is one of few states with no ceiling on payday loan interest
They lure customers with marquee signs and lurid promises of "100% Approval" and "Open Early and Late." Some 40 payday loan stores, most of which did not exist 20 years ago, are now tucked into Madison's neighborhoods and lined up along commercial strips. They offer quick money with no credit check, and people take the bait. (Wed, 05 Aug 2009 12:56:11 GMT)

Cash-strapped Peninsula cities may find respite with cash for clunkers
The federal government's cash for clunkers stimulus program, which has revitalized auto sales nationwide, should also inject some money into Peninsula cities struggling to maintain service and fee levels. (Wed, 05 Aug 2009 14:00:26 GMT)

COA calls attention of Capitol on additional benefits, cash advances
The Commission on Audit-7 has called the attention of the provincial government on the giving of additional benefits to its consultants and release of cash advances to officials and employees that have failed to liquidate earlier cash advances. (Wed, 05 Aug 2009 16:43:49 GMT)

Japanese Stocks Advance on NTT Earnings, Metals; Nikon Dives
Aug. 6 (Bloomberg) -- Japanese stocks rose after Nippon Telegraph & Telephone Corp. reported earnings and higher metal prices lifted commodities producers. (Thu, 06 Aug 2009 02:18:51 GMT)

County issues warrant in title loan robbery
DeKALB – Police believe a man charged in a string of Illinois and Indiana robberies is also responsible for a July armed robbery at a title loan business in DeKalb. (Thu, 06 Aug 2009 04:43:02 GMT)

Must-know advice about payday loans and cash advances
(ARA) - A payday loan can help someone through a one-time rough patch. But the amount that must be paid back can multiple fast, with interest rates so high it is impossible to keep up. (Thu, 06 Aug 2009 10:30:04 GMT)

BBB issues warning about bogus debt collectors
Phony debt collectors are preying on payday-loan consumers across the country, the Better Business Bureau of Chicago and Northern Illinois is warning. The scammers are armed with personal information on their victims -- Social Security numbers, old bank account and driver's license numbers, home addresses, employer information, the names of friends and references -- raising concerns that a ... (Thu, 06 Aug 2009 11:01:16 GMT)

U.K. Stocks Advance for First Time in Three Days; Aviva Gains
Aug. 6 (Bloomberg) -- U.K. stocks rose, led by financial shares, after Aviva Plc posted results that beat estimates and an industry group predicted house prices in Britain will increase this year. (Thu, 06 Aug 2009 11:29:23 GMT)

India o/n rates nearly flat on cash; strike hits volume
(Updates to close) (Thu, 06 Aug 2009 12:42:25 GMT)

Cash for Clunkers too popular for its own good?
Cash for Clunkers has taken car dealerships by the storm, rising once minimal customer levels to new heights. But is the program, which gives drivers a $3,500 to $4,500 discount to exchange gas-guzzlers for new, fuel-efficient vehicles, a victim of its own success? (Thu, 06 Aug 2009 12:56:53 GMT)

U.K. Stocks Advance for First Time in Three Days; Lloyds Jumps
Aug. 6 (Bloomberg) -- U.K. stocks rose, led by financial companies, after the Bank of England extended measures to curb the recession and an industry group predicted house prices in Britain will increase this year. (Thu, 06 Aug 2009 13:16:22 GMT)

Car buyers take note: Nationwide Insurance offers Cash for Clunkers tips
COLUMBUS, Ohio----This summer, thousands of consumers are flocking to dealers to take advantage of the federal Cash for Clunkers program, in effort to swap their guzzlers for more fuel efficient, safer replacements. (Thu, 06 Aug 2009 15:00:00 GMT)

San Fernando's unliquidated cash advances piling up
The Commission on Audit–7 discovered some defects in the financial transactions of the municipal government of San Fernando such as the unliquidated cash advances of its officials and workers, failure to close public infrastructures as well as failure to conduct physical count on property, plant and equipment. (Thu, 06 Aug 2009 16:25:57 GMT)

U.K. Stocks Advance for First Time in Three Days; Lloyds Jumps
Aug. 6 (Bloomberg) -- U.K. stocks climbed, led by financial companies, after the Bank of England said it will pump $84 billion into the economy and an industry group predicted house prices in Britain will increase this year. (Thu, 06 Aug 2009 16:46:07 GMT)

Senate readies fill-up for 'cash for clunkers'
Acting with unusual haste, the Senate readied a $2 billion fill-up Thursday for "cash for clunkers," an economy-boosting program that sent car buyers storming into formerly deserted auto showrooms at a... (Thu, 06 Aug 2009 20:06:44 GMT)

Cash-for-clunkers flush with cash again
On the eve of its summer recess, the Senate on Thursday cleared a $2-billion extension to keep the federally subsidized car trade-in program alive, sparing the White House a PR-dilemma after the first $1 billion ran dry in a matter of days. (Fri, 07 Aug 2009 00:15:00 GMT)

Senate OKs more cash for 'clunkers'
Some car dealers are running out of popular models. Meanwhile, the $2 billion should keep the auto rebate program rolling at least through Labor Day, the Obama administration says. "Cash for clunkers" will live on, but shoppers in the weeks ahead may have a hard time finding that fuel-efficient ride they've been craving since the program got underway. (Fri, 07 Aug 2009 00:30:57 GMT)

"Cash for Clunkers" Gets $2B Fill-Up
Senate Follows House's Lead, Approves Additional Funds for Popular Stimulus Program (Fri, 07 Aug 2009 01:30:02 GMT)

Congress OKs $2 Billion For 'Cash For Clunkers'
Congress has passed a $2 billion extension of the popular "cash for clunkers" program, clearing the legislation for President Barack Obama's signature. The Senate passed the extension Thursday evening. The House approved the measure last week. (Fri, 07 Aug 2009 03:06:14 GMT)

Cash for clunkers a win-win for Staten Island
Staten Island Advance/Irving SilversteinJoseph Manfredi (that's a clunker above on his Chevy lot in New Dorp) has sold 140 cars since the government's popular "cash-for-clunkers" rebate deal -- which allows consumers to trade in their gas-guzzlers for more fuel-efficient... (Fri, 07 Aug 2009 03:55:17 GMT)

Bag of cash stolen from Sioux Fair
The theft of $700 to $1,000 in cash at the W.H. Lyon Fairgrounds last week is a setback for an embattled institution still trying to overcome a high-profile embezzlement. But it hasn't deterred the enthusiasm of people associated with the Sioux Empire Fair who are trying to bring it through hard times. "It gives me pause, but stuff happens," said Minnehaha County Commissioner Jeff Barth, the ... (Fri, 07 Aug 2009 07:10:48 GMT)

Moody's assigns a provisional (P)Aaa rating to cash advance ABS
Reuters has stopped distributing the full text of Moody's Investors Service press releases on ratings actions, effective April 1, 2009. The text of this Moody's Investor Service rating is available at www.moodys.com. (Fri, 07 Aug 2009 08:07:28 GMT)

Threats over payday loans are scam
The Better Business Bureau issued a warning about phony debt collectors calling consumers nationwide claiming that they have defaulted on a payday loan and will be arrested if they don't pay immediately. (Fri, 07 Aug 2009 11:01:57 GMT)

Senate preps $2b for 'cash for clunkers'
WASHINGTON – Acting with unusual haste, the Senate readied a $2 billion fill-up Thursday for "cash for clunkers," an economy-boosting program that sent car buyers storming into formerly deserted auto showrooms at a pace that quickly exhausted its $1 billion funding. ... (Fri, 07 Aug 2009 11:18:35 GMT)

Jilin Jien and Goldbrook Announce Intention to Make All-Cash Bid for Canadian Royalties
VANCOUVER, BRITISH COLUMBIA-- - Goldbrook Ventures Inc. today announced it has entered into a shareholder, joint bid and operating agreement with Jilin Jien Nickel Industry Co., Ltd. , and its wholly-owned subsidiary Jien International Investment Ltd. , to make an all-cash take-over bid for Canadian Royalties Inc. to acquire all of the outstanding common shares of Canadian Royalties at a price ... (Fri, 07 Aug 2009 12:01:12 GMT)

Sen. Schumer Warns Of 'Cash For Clunkers' Scams
New York Sen. Charles Schumer is warning drivers to beware of cash for clunkers scams. The Democrat says the scams could cost them thousands of dollars, lead to identity theft and delay their getting the rebates on time. The popular program went into effect June 24 and expires Nov. 1. (Fri, 07 Aug 2009 14:15:57 GMT)

Payday lenders should have a cap
Payday lenders can provide a needed service — a short-term loan at a high interest rate. When paid off in a few weeks, that kind of a loan can mean fixing a car that has unexpectedly broken down or bridging the gap for some other unanticipated expense. (Sat, 08 Aug 2009 05:09:58 GMT)

Real estate made easyGet an advance on your tax credit to use at closing
Buying your first home? Have not owned a home in the past three years? The Pennsylvania Housing Finance Agency's Tax Credit Advance Loan Program (TCA) provides an interest free loan of up to $6000 to use towards down payment and/or closing costs. Get your tax credit in cash, UPFRONT. (Sat, 08 Aug 2009 10:26:04 GMT)

Woman robs pay day loan business
Ogden police are searching for a woman with a moustache painted on her upper lip who robbed a payday loan business Saturday morning. The clerk was opening the Checkline at 2070 Harrison Blvd. (Sat, 08 Aug 2009 20:49:25 GMT)

Ryan Peters: NASA hits Wall Street
In the hyper-competitive world of finance, companies are in a never ending race to cash in on market intelligence. Demand for innovation is simple, a need for real-time access to market intelligence that allow them to be smarter and act faster than the rest of the pack. The revolutionizing induction first hit the street in the summer of 2005 as a technology spin-off to advance high performance ... (Sat, 08 Aug 2009 23:49:09 GMT)

Fresno's First Cash for Guns
Some may be used for sport but some of these weapons could be used to commit crimes. (Sun, 09 Aug 2009 02:12:32 GMT)

A Vegas deal? How you can save cash on hotels, shows and shopping
Clink, clink, clink ... clink, clink, clink clink ... Anyone who's stepped off a plane at McCarran International Airport in Las Vegas has been greeted by the iconic clinking of slot machines paying out (or at least sounding like they're paying out). This summer when I arrived, that whir of slot machines seemed muted. (Sun, 09 Aug 2009 03:41:16 GMT)

Bill would put cap on payday loan rates
Payday lenders are fixtures in central Wisconsin communities. The businesses go by a number of different names. Some are called cash advance stores. Others go by the name check-cashing outlets. What they all have in common is the product they offer: small, short-term loans for a fee. (Sun, 09 Aug 2009 09:00:38 GMT)

Short-term credit union loan rates could cost you
You need money, and you need it fast. You've already pawned your saxophone. Friends with money won't return your calls. (Sun, 09 Aug 2009 10:35:44 GMT)

Program no clunker here: Biz jumps at scrap yards, towing companies
With a second round of funding approved for the cash for clunkers program, local car dealers, auto salvage yards and towing companies say the first round has been a boon for business. (Mon, 10 Aug 2009 00:10:44 GMT)

Funding thaw brings stream of cash to solar
The frozen solar market shows signs of thawing, with several major Bay Area solar firms announcing they’ve raised millions in fresh money. (Mon, 10 Aug 2009 04:17:50 GMT)

Indian cash rates barely moved; liquidity helps
MUMBAI, Aug 10 (Reuters) - Indian overnight money continued to trade near the central bank's main borrowing rate on Monday, as the system remained flush with cash. (Mon, 10 Aug 2009 07:06:51 GMT)

European stocks down as investors take a breather
European stock markets fell modestly Monday as investors took a breather after ending last week on a positive note due to better than anticipated U.S. jobs data. The figures helped Asian markets advance strongly earlier. (Mon, 10 Aug 2009 09:54:25 GMT)

Jilin Jien and Goldbrook Formally Commence All-Cash Bid for Canadian Royalties
VANCOUVER, BRITISH COLUMBIA-- - Goldbrook Ventures Inc. announced today that Jien Canada Mining Ltd. has formally commenced an all-cash take-over bid for Canadian Royalties Inc. to acquire all of the issued and outstanding common shares and all of the 7% Convertible Senior Unsecured Debentures due March 31, 2015 of Canadian Royalties . (Mon, 10 Aug 2009 10:00:08 GMT)

Jilin Jien and Goldbrook Formally Commence All-Cash Bid for Canadian Royalties
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2009) - Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE:GBK) announced today that Jien Canada Mining Ltd. (the "Offeror") has formally commenced an all-cash take-over bid (the "Take-Over Bid") for Canadian Royalties Inc. ("Canadian Royalties", TSX:CZZ) to acquire all of the issued and outstanding common shares (the "Shares") and all of the ... (Mon, 10 Aug 2009 10:15:12 GMT)

A warning on exorbitant credit union loans
Short-term loans offered by some credit unions as alternatives to high-cost payday loans are as risky and deceptive as those they're supposed to replace, some consumer groups say. (Mon, 10 Aug 2009 11:00:47 GMT)

Nationwide alert issued on 'payday' loan scams
The Better Business Bureau last week issued a nationwide alert to consumers to warn them about phony debt collectors that are calling consumers, claiming that they defaulted on a “payday” loan, and threatening to arrest them immediately if they don't pay. (Mon, 10 Aug 2009 11:46:34 GMT)

Being creative can cut back-to-school expenses
It's time to get ready to go back to school -- and with an economic recession still raging, many families need ways to slash the cash they will spend to send their kids back to school. Here are a few ideas. (Mon, 10 Aug 2009 14:25:51 GMT)

Coloradans get $1.8M in refunds on high-rate loans
More than 13,000 Coloradans received a total of $1.8 million in refunds for excess finance charges on payday loans, mortgages and other high-rate loans in the fiscal year that ended June 30, Colorado Attorney General John Suthers said Monday. (Mon, 10 Aug 2009 17:22:19 GMT)

Traders cash in on rubber
See huge arbitrage opportunities as imports may double this yr. (Mon, 10 Aug 2009 18:42:11 GMT)

TAN asks for cash advance from Jefferson County
Whether it's because of the economy or damage from hurricane Ike, many people are low on money, even non-profit organizations. The Triangle Aids Network asked the county for a cash advance, so it could remain open. (Mon, 10 Aug 2009 23:01:05 GMT)

Facebook buys Friendfeed to slow the advance of Twitter
Social networking giant Facebook has bought relative newcomer Friendfeed for an undisclosed amount in a deal aimed at stealing a march on the seemingly unstoppable rise of Twitter. (Mon, 10 Aug 2009 23:21:57 GMT)

Pawnbroker admits breech of the Fair Trading Act
The Commerce Commission has settled with an Invercargill based pawnbroker over breaches of the Credit Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act. A Commission investigation into The Pawn Shop identified that payday loan and ... (Mon, 10 Aug 2009 23:50:12 GMT)

Card use flat, more paying cash
Electronic card transactions show patterns consistent with the economy emerging slowly from recession and reduced use of credit, according to monthly figures for July from Statistics New Zealand. (Tue, 11 Aug 2009 00:21:22 GMT)

Receivers for Great Southern seek cash
Receivers for failed plantation manager Great Southern will head to court this morning in a bid to get the ball rolling on millions of dollars worth of “critical maintenance” needed to preserve the gr (Tue, 11 Aug 2009 00:57:36 GMT)

Police shooting trial goes to jury
A federal jury will decide today whether Antonio Turner was the man in a blue ski mask who robbed a payday loan business, shot a Jackson police officer and drove off in the officer's patrol car on July 7, 2008. (Tue, 11 Aug 2009 06:25:26 GMT)

India o/n rates little changed on cash support
MUMBAI, Aug 11 (Reuters) - Indian call rates were steady on Tuesday as ample liquidity in the banking system helped banks meet their funding needs comfortably, while lower demand in the second week of the reporting cycle further eased pressure. (Tue, 11 Aug 2009 08:08:35 GMT)

European Two-year Notes Advance as German Consumer Prices Drop
Aug. 11 (Bloomberg) -- European two-year notes advanced after a report showed consumer prices in Germany posted their first annual decline in more than 22 years, stoking concern the worst recession since World War II has further to run. (Tue, 11 Aug 2009 12:00:51 GMT)

Bets advance on ECB rate hike after growth hints
A bit more optimism from the European Central Bank's chief and signs of improvement in euro zone and U.S. economic data have led money markets to bring forward bets for a first rise in euro zone interest rates. (Tue, 11 Aug 2009 13:27:00 GMT)

Blog: Scam alert
The BBB blogs about phony debt collectors. Better Business Bureau issued a national alert about phony debt collectors that are calling consumers nationwide and claiming that they have defaulted on a payday loan and will be arrested if they don’t pay immediately. (Tue, 11 Aug 2009 13:47:12 GMT)

Opponents Declare Victory: Last Payday Lender Leaves State
Arkansans Against Abusive Payday Lending announced Tuesday that First American Cash Advance, the last payday lender to operate in the state, closed its last Arkansas store on July 31. (Tue, 11 Aug 2009 16:17:25 GMT)

Opponents say all Ark. payday lenders have closed
Opponents of payday lending are celebrating what they say is the end of the high-interest loan business in Arkansas. Opponents gathered in front of a shuttered payday lending store Tuesday in southwest Little Rock to speak with reporters. (Tue, 11 Aug 2009 16:24:14 GMT)

Opponents: All Arkansas Payday Lenders Have Closed
Opponents of payday lending are celebrating what they say is the end of the high-interest loan business in Arkansas.from Channel 7 (Tue, 11 Aug 2009 16:35:46 GMT)

Opponents Say All Payday Lenders Have Closed
Opponents of payday lending are celebrating what they say is the end of the high-interest loan business in Arkansas. (Tue, 11 Aug 2009 16:51:28 GMT)

NY1 For You: Be Weary Of Cash For Clunkers Scams
The popular federal Cash For Clunkers program, where consumers get a rebate for trading in qualifying gas guzzlers for more energy-efficient cars, is also attracting scam artists. NY1's Susan Jhun filed the following NY1 For You report. (Tue, 11 Aug 2009 17:07:10 GMT)

European Two-Year Notes Advance as German Consumer Prices Drop
Aug. 11 (Bloomberg) -- European two-year notes advanced after a report showed consumer prices in Germany posted their first annual decline in more than 22 years, stoking concern the worst recession since World War II has further to run. (Tue, 11 Aug 2009 19:00:40 GMT)

Opponents Say All Ark. Payday Lenders Have Closed
Opponents of payday lending are celebrating what they say is the end of the high-interest loan business in Arkansas. (Tue, 11 Aug 2009 19:02:21 GMT)

Opponents: High-interest Ark. payday lenders close
All payday lending stores in Arkansas have closed or stopped offering the triple-digit interest rates that violated the state constitution, opponents announced Tuesday. (Tue, 11 Aug 2009 19:49:14 GMT)

Disqualified Cash For Clunker Deals Accepted [Carpocalypse]
We reported early on that the EPA adjusted their mileage ratings in advance of Cash For Clunkers, thus disqualifying certain vehicles. The government has just announced they'll accept those voucher... (Tue, 11 Aug 2009 20:48:53 GMT)

Cardholders Get Rude Surprise at the Register
Some consumers are finding out at the cash register that their credit cards have been canceled without their knowledge, which is also legal in some cases. (Wed, 12 Aug 2009 03:06:07 GMT)

City Council to consider plan to urge residents to 'Bank on Dallas'
Payday-lending and check-cashing shops have cropped up all over Dallas in recent years, costing residents who use them an average of $800 in fees per year, according to city estimates. (Wed, 12 Aug 2009 07:34:23 GMT)

Tinley Park police charge man with armed robberies
Tinley Park police have added their charges to the list of charges an Indiana man is facing in connection with 16 payday loan store holdups in Illinois and Indiana. Lewis Gilbert III, 45, Schererville, Ind., is charged with two Tinley Park armed robberies that occurred May 8 at Advance America, 16022 S. Harlem Ave., and June 18 at USA Payday Loans, 15943 S. Harlem Ave., according to police. ... (Wed, 12 Aug 2009 09:13:17 GMT)

Current Conditions
The last payday loan institution leaving the state of Arkansas was announced on Tuesday. The forced exodus of payday lending businesses came from an Arkansas Supreme Court ruling saying the 1999 law which allowed the lenders to operate in the state violated the state constitution. (Wed, 12 Aug 2009 15:36:24 GMT)

Stop Carlo’s pay
THE Commission on Audit (COA) ordered the Mandaue City Government to withhold the salary of Vice Mayor Carlo Fortuna and use it to settle a disallowed cash advance of P170,828. read more (Wed, 12 Aug 2009 16:10:25 GMT)

U.S. Stocks Retain Bulk Of Advance After Fed
U.S. Stocks Retain Bulk Of Advance After Fed (Wed, 12 Aug 2009 18:51:39 GMT)

Canadian Stocks Further Advance After Fed Comments
Canadian Stocks Further Advance After Fed Comments (Wed, 12 Aug 2009 19:05:39 GMT)

West End, lenders offer payday loan alternative
In addition to the announcement of the expansion, Gov. Jack Markell signed Senate Bill 108 at West End, which imposes tougher standards on the payday lending industry. (Wed, 12 Aug 2009 19:13:43 GMT)

Advance Auto Parts Second Quarter Comparable Store Sales Increase 4.8%; Helps Fuel EPS Growth and $287 Million in Free ...
ROANOKE, Va.----Advance Auto Parts, Inc. , a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the second quarter ended July 18, 2009. (Wed, 12 Aug 2009 20:15:00 GMT)

Gunman robs Advance America Cash Advance on Sawdust
Authorities are investigating a robbery that occurred about 10:30 a.m. this morning at the Advance America Cash Advance, located at 261 Sawdust Road, confirmed Jennifer Staggs with the Montgomery County Sheriff’s Office. (Wed, 12 Aug 2009 20:40:34 GMT)

Do We Really Need Payday Lenders in Wisconsin?
The big push to block reform and protect profits They were kicked out of North Carolina, are constitutionally banned in Arkansas and heavily regulated in Minnesota. The Bush-era Department of Defense found that they are a threat to members of the military. What do these folks know that we don’t? Payday lenders thrive... (Wed, 12 Aug 2009 20:47:43 GMT)

Suspect Sought In Lebanon Store Robbery
Lebanon police are looking for the man who robbed a check-cashing store at gunpoint Wednesday. Police say the man showed a gun to the cashier at American Cash Advance on Main Street, demanded and got some money, then took off. (Thu, 13 Aug 2009 03:15:02 GMT)

Advance Auto Parts Second Quarter Comparable Store Sales Increase 4.8%; Helps Fuel EPS Growth and $287 Million in Free ...
ROANOKE, Va.-- (Thu, 13 Aug 2009 04:18:09 GMT)

Gunman holds up cash advance store in South County
Authorities are investigating an armed robbery around 10:30 a.m. Wednesday at the Advance America Cash Advance, located at 261 Sawdust Road, according to a Montgomery County Sheriff’s Office press release. (Thu, 13 Aug 2009 04:39:45 GMT)

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