Cash Advance News Feb 2010

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BillShrink Study Reveals Credit Card Rates Still on the Rise in Advance of Feb. 22 Credit Card Act Deadline & Predicts ...
REDWOOD CITY, Calif., Feb. (Mon, 22 Feb 2010 15:20:23 GMT)

Colorado bill would cap fees on payday loans
State Rep. Mark Ferrandino and Sen. Chris Romer are announcing legislation targeting payday loans. Consumers taking out payday loans give the lender a postdated check for the amount of the loan plus a fee. The lender holds the check for about two weeks, when the money is repaid or the check is cashed. Colorado caps finance fees at 20 percent of the loan for the first $300, then an additional 7.5 ... (Mon, 22 Feb 2010 15:51:12 GMT)

Math doesn't work for Arizona payday loan industry
The math isn't adding up for Arizona's payday loan industry. The industry that provides small short-term loans is fighting in the Legislature to keep itself alive beyond a June 30 termination date that was included in the authorization law enacted 10 years ago. (Mon, 22 Feb 2010 15:53:30 GMT)

Colorado bill would cap fees on payday loans
State Rep. Mark Ferrandino and Sen. Chris Romer are announcing legislation targeting payday loans in Colorado. Consumers taking out payday loans give the lender a postdated check for the amount of the loan plus a fee. (Mon, 22 Feb 2010 16:02:36 GMT)

NBCU Deal Looks Good to FCC, DOJ
A confidential report to Congress on Comcast’s proposed deal for control of NBC Universal — issued in advance of the Feb. 2 hearings on the transaction — raises issues on both sides of the debate, but starts from the premise that the deal will go through. (Mon, 22 Feb 2010 17:50:27 GMT)

Democratic jobs bill faces key hurdle
Republicans are trying to stall a scaled-back jobs bill in the hope of adding more tax cuts now that Democrats need GOP help to advance their own and President Barack Obama's agenda in an election year. (Mon, 22 Feb 2010 22:03:43 GMT)

Scott Brown helps Democrats advance "jobs" bill
A Democratic "jobs" bill has advanced past a GOP filibuster in the Senate, helped along by the vote of the chambers newest Republican. (Mon, 22 Feb 2010 23:14:14 GMT)

Scott Brown Helps Democrats Advance Jobs Bill
A bipartisan jobs bill cleared a GOP filibuster on Monday with critical momentum provided by the Senate's newest Republican, Scott Brown of Massachusetts. (Mon, 22 Feb 2010 23:28:51 GMT)

Scott Brown helps Democrats advance 'jobs' bill
A Democratic "jobs" bill has advanced past a GOP filibuster in the Senate, helped along by the vote of the chambers newest Republican. Scott Brown of Massachusetts was joined by several other Republicans to help Democrats defeat a filibuster orchestrated by GOP leaders by a 62-30 tally. The tally sets up a vote on Wednesday to actually pass the measure. (Mon, 22 Feb 2010 23:30:21 GMT)

Scott Brown helps Democrats advance 'jobs' bill
A Democratic "jobs" bill has advanced past a GOP filibuster in the Senate, helped along by the vote of the chamber's newest Republican. Scott Brown of Massachusetts was joined by several other Republicans to help Democrats defeat a filibuster orchestrated by GOP leaders by a 62-30 tally. The tally sets up a vote on Wednesday to actually pass the measure. (Mon, 22 Feb 2010 23:53:26 GMT)

New payday loan limit to take effect
CAROL CHRISTIAN Today staff A limit on costs to protect consumers from spiralling payday loan costs comes into effect March 1 and is the last piece of a new regulation governing those operations.[...] (Tue, 23 Feb 2010 01:49:15 GMT)

Predicted 2010 Credit Squeeze Means More Business Cash Advances
With forecasters predicting another tight credit market in 2010, business owners are learning the new realities of small business financing. They will pursue every option they can, even methods they wouldn't have considered a few years ago, says BusinessCashAdvance.com. (Tue, 23 Feb 2010 02:41:00 GMT)

Video - Turning Math into Cash
IBM has found a new source of revenue: using its mathematicians' formulas in business services. (Tue, 23 Feb 2010 05:10:18 GMT)

Payday loans take a hit in Arizona; likely dead after June 30
PHOENIX Efforts by the payday loan industry to remain in Arizona after June 30 were dealt a serious and potentially fatal setback Monday when a key Democratic lawmaker said he can’t support what the lenders want. (Tue, 23 Feb 2010 06:20:26 GMT)

Hong Kong Stocks Climb, Reversing Declines; Developers Advance
Feb. 23 (Bloomberg) -- Hong Kong stocks rose, reversing declines, as developers gained on optimism the city’s economic growth accelerated and shipping companies advanced on higher rates. (Tue, 23 Feb 2010 07:21:24 GMT)

Brown Votes To Advance Key Jobs Bill
A bipartisan jobs bill cleared a GOP filibuster on Monday with critical momentum provided by the Senate's newest Republican, Scott Brown of Massachusetts. (Tue, 23 Feb 2010 12:03:03 GMT)

Strapped for cash, MTA to cut 1,000 union and non-union jobs today
Jan Somma-Hammel/Staten Island AdvanceMTA Chairman Jay Walder is reportedly cutting 1,000 MTA jobs today.STATEN ISLAND, N.Y. -- The Metropolitan Transportation Authority is poised to lay off about 1,000 workers today, amid lower ridership numbers, dwindling revenues and a growing deficit.Mulitiple... (Tue, 23 Feb 2010 13:55:07 GMT)

MP CM discloses assets in Assl'y
By Our Staff Reporter Bhopal, Feb 23: Chief minister Shivraj Singh Chouhan and his two sons possess Rs 13 lakh in cash and bank deposits as per his disclosure of assets in the Assembly today. Chouhan extended Rs 14 lakh as advance to his wife Sadhna. (Tue, 23 Feb 2010 17:37:42 GMT)

Some Genesee County commissioners say they don't like it but approve cash advance for company
Some members of the county Board of Commissioners said they weren't happy providing a cash advance to the company that administers Sheriff Robert Pickell's Elder Abuse and Exploitation Prevention program but did so anyway because it is so important. (Tue, 23 Feb 2010 17:38:44 GMT)

Treasurys rise on consumer data, auction
Treasury prices gained Tuesday, with long-dated debt leading the advance, after a report said consumer confidence fell sharply in February following three months of improvement. (Tue, 23 Feb 2010 19:04:42 GMT)

Global Cash Access Reports Fourth Quarter and Fiscal Year 2009 Results
LAS VEGAS----Global Cash Access Holdings, Inc. today announced financial results for the quarter and year ended December 31, 2009. (Tue, 23 Feb 2010 21:05:00 GMT)

Protestors want to limit Kentucky payday lenders
A citizens group is trying to get lawmakers to limit how much cash advance stores can loan to customers. They say a new report shows payday lenders are hurting Kentucky families. (Tue, 23 Feb 2010 22:26:20 GMT)

Rally Supports Payday Loan Cap
Kentuckians lobbied the General Assembly to crack down on companies offering payday loans. (Tue, 23 Feb 2010 22:46:58 GMT)

Sheridan defends payday loan bill
Assembly Speaker Mike Sheridan reiterated Monday that recently passed payday lending legislation is strong even though it resulted from compromise. (Tue, 23 Feb 2010 22:49:01 GMT)

Rally urges payday loan limits
Payday lenders in Kentucky lent nearly $1billion in 2008, collecting roughly $158million in "predatory'' fees, according to a report a Kentucky public interest group released Tuesday. (Tue, 23 Feb 2010 23:12:06 GMT)

Planned initiative would cap payday loan rates
HELENA - A new initiative proposed Tuesday would cap the interest rates on payday loans in Montana. Supporters of the idea have tried several times to get the Legislature to cap the interest rates on the payday loans and short-term loans on automobiles. (Tue, 23 Feb 2010 23:24:07 GMT)

Advance Australia Fair -
In reply to Ferguson To Dump Nuclear Waste On 'Soft Target' : Advance Australia Fair - unconscionable ethnocidal Acts from a Parliament which does not have a single indigenous person as a Member. Time to change all that. (Wed, 24 Feb 2010 03:40:38 GMT)

Banks May Use Payday-Style Loans to Replace Lost Fees
New federal rules curbing overdraft fees have many banks looking to "checking advance" loans of $100-$500 with rates of 120%—and higher (Wed, 24 Feb 2010 05:34:17 GMT)

Oakcrest's Antonio Mancella comes back to advance in Region 8
GALLOWAY TOWNSHIP - Antonio Mancella could see his season coming to an end. He didn't like the view. "I was very worried," the Oakcrest sophomore said. (Wed, 24 Feb 2010 06:17:05 GMT)

Rally urges payday loan limits
FRANKFORT - Payday lenders in Kentucky lent nearly $1billion in 2008, collecting roughly $158 million in “predatory'' fees, according to a report a Kentucky public interest group released Tuesday. (Wed, 24 Feb 2010 12:41:05 GMT)

Planned initiative would cap payday loan rates
A new initiative proposed Tuesday would cap the interest rates on payday loans in Montana. (Wed, 24 Feb 2010 13:54:50 GMT)

Kentucky group calls for movement on payday bill
A group that wants payday loan interest in Kentucky to be capped at 36 percent gathered at the state Capitol to urge a fair hearing for a bill locked in a House committee. (Wed, 24 Feb 2010 15:14:53 GMT)

FIFA: Pompey cash crisis is wake-up call over debt
FIFA secretary general Jerome Valcke hopes Portsmouth's financial troubles provide a wake-up call to world soccer over high levels of debt. (Wed, 24 Feb 2010 16:19:58 GMT)

Premier League tell Portsmouth: We can't solve your cash crisis
Portsmouth owner Balram Chainrai has been told at a meeting with Premier League chiefs that they cannot bail out the financially-stricken club. (Wed, 24 Feb 2010 16:39:29 GMT)

Initiative would cap payday loan rates
HELENA — Stymied at the Legislature, some groups said Tuesday they instead will ask voters to cap at 36 percent the annual interest rates that payday lending businesses can charge, compared with the current 400 percent maximum. (Wed, 24 Feb 2010 17:43:11 GMT)

FIFA: Pompey cash crisis is wake-up call over debt
FIFA secretary general Jerome Valcke hopes English club Portsmouth's financial troubles provide a wake-up call to world soccer over high levels of debt. (Wed, 24 Feb 2010 19:32:22 GMT)

Big banks get into the payday-loan business
Even as payday lenders battle new regulatory proposals, they’re also facing a new competitive threat from an unexpected quarter: Big banks. Bloomberg reports that banks are exploring the world of short-term, high-interest loans because of a crackdown on their ability to levy overdraft fees. (Wed, 24 Feb 2010 20:42:05 GMT)

Laptops and cash stolen in Science Center
By: Lindsey Arceci The Keene Police Department is actively investigating thefts that occurred in the David F. Putnam Science Center earlier this month, where laptops and other electronic equipment were reported stolen. According to Keene State College’s media log, sev... (Wed, 24 Feb 2010 23:47:44 GMT)

Bill to cap payday loan fees appears dead
A bill that would cap fees on payday loans appears dead, at least in the current legislative session. (Thu, 25 Feb 2010 00:34:27 GMT)

Mayor: County won't bail out Jackson
While the county mayor Wednesday rejected ``a cash bailout at Jackson,'' the public health system's chief executive said she is working hard to finalize the details of a restructuring plan to lessen the $229 million loss anticipated for this fiscal year. (Thu, 25 Feb 2010 04:27:48 GMT)

Child Labour Cash Lands In Wrong Pockets
Enoch Teye Mensah, who was recently vetted as a minister-designate, would have his character tested when he assumes office and comes face to face with a clear case of conflict of interest, involving a departmental head under the Ministry of Employment and Social Welfare. (Thu, 25 Feb 2010 05:07:37 GMT)

Miami-Dade Mayor Carlos Alvarez says cash bailout not the answer to Jackson hospital’s woes
While the county mayor Wednesday rejected ``a cash bailout at Jackson,'' the public health system's chief executive said she is working hard to finalize the details of a restructuring plan to lessen the $229 million loss anticipated for this fiscal year. (Thu, 25 Feb 2010 09:49:08 GMT)

Newmont Reports Record Operating Cash Flow of $2.9 Billion and Adjusted Net Income(1) of $1.4 Billion ($2.79 per Share ...
Newmont Mining Corporation today announced record operating cash flow of $2.9 billion and adjusted net income of $1.4 billion in 2009 on record revenues of $7.7 billion from equity gold sales of 5.3 million ounces at costs applicable to sales of $417 per ounce. Â Record revenues of $2.5 billion were generated in the fourth quarter, with $1.0 billion in operating cash flow generated on equity ... (Thu, 25 Feb 2010 11:00:00 GMT)

Plan aims at political giving for Ohio elections by companies
By JIM PROVANCE BLADE COLUMBUS BUREAU CHIEF COLUMBUS - Ohio's top elections official yesterday proposed to at least control what some predict will be a flood of corporate cash into state political campaigns in the wake of a U.S. Supreme Court ruling regarding political speech. Corporations buying ad time or space to influence voters would have to promptly disclose the expense and provide advance ... (Thu, 25 Feb 2010 11:18:42 GMT)

As India Sells Assets, Political Tensions Rise
New Delhi needs cash from asset sales to finance projects like roads and schools, but political parties oppose selling shares in public companies. (Thu, 25 Feb 2010 11:44:51 GMT)

The Coca-Cola Company and Coca-Cola Enterprises Strategically Advance and Strengthen Their Partnership
ATLANTA----The Coca-Cola Company and Coca-Cola Enterprises Inc. : Advancement fully aligns with the Coca-Cola system’s 2020 Vision and drives long-term value for all shareowners Evolves The Coca-Cola Company’s North American business to more profitably deliver the world’s greatest brands in the largest NARTD profit pool in the world CCE shareowners will benefit from the improved financial growth ... (Thu, 25 Feb 2010 12:20:00 GMT)

Jobs Bill Tax Credit Not Enough: More Small Businesses Turn to Business Cash Advances
The jobs bill approved by the U.S. Senate includes a tax credit meant as a hiring incentive for small business. But small businesses say it's not enough. With many struggling to meet payroll while revenue is down, hiring a new employee in return for a few thousand dollars is not feasible or smart. (Fri, 26 Feb 2010 01:00:00 GMT)

Apple Holds to Its Cash Hoard, Green Policies
Shareholders meeting has no real conflict but a lot of ideas on what Apple can do with its massive cash reserves. Steve Jobs has his own ideas, however. (Fri, 26 Feb 2010 01:08:42 GMT)

Banks may use payday-style loans to replace lost fees
U.S. banks, threatened by new limitations on overdraft fees, may look to short-term products similar to "payday" loans to help replace as much as $20 billion in lost revenue. (Fri, 26 Feb 2010 05:30:46 GMT)

PA doing away with cash tolls on crossings to Jersey
Advance file photoToll plaza at Goethals Bridge will be radically reconfigured with advent of all-electronic equipment.STATEN ISLAND, N.Y. -- The bell's tolling for the tollbooths. The Port Authority announced yesterday that it plans to switch to all-electronic toll collection... (Fri, 26 Feb 2010 05:40:07 GMT)

Payday lending not on agenda
The best thing that can be said of payday lenders is that their practices are no more predatory than (Fri, 26 Feb 2010 06:41:04 GMT)

Band night to raise cash for Haiti
A Shrewsbury nightclub will be hosting a fundraiser this Saturday which will include a performance by one of the former members of T'Pau. (Fri, 26 Feb 2010 08:25:07 GMT)

Stocks headed for another decline
U.S. stocks were headed for a lower open Friday after a dismal report from AIG dashed hopes for an opening advance. A stronger than originally reported GDP report failed to boost sentiment. (Fri, 26 Feb 2010 10:33:28 GMT)

0-4, W.Va. House GOPs discharge gambit winds down
CHARLESTON, W.Va. (AP) - For the fifth time in as many days, House Republicans hope to force a floor vote over whether to advance proposals from their session agenda. GOP delegates allege the majority Democrats have bottled up these proposals. But their... (Fri, 26 Feb 2010 16:03:25 GMT)

Advance Nanotech Provides Strategic Update
MONTEBELLO, NY--(Marketwire - 02/26/10) - Advance Nanotech, Inc. (OTC.BB: AVNA - News ) released the below letter to its shareholders today. Dear Shareholders, This letter to shareholders is a follow up to the shareholder letter dated December 3, 2009. In this letter, we will be discussing our forward plans for Advance Nanotech that we have developed over the last three months, given the recent ... (Fri, 26 Feb 2010 18:46:00 GMT)

Advance Nanotech Provides Strategic Update
MONTEBELLO, NY--(Marketwire - February 26, 2010) - Advance Nanotech, Inc. ( OTCBB : AVNA ) released the below letter to its shareholders today. (Fri, 26 Feb 2010 18:50:46 GMT)

Democrats struggle to advance jobs bill
Democrats in the Congress on Friday struggled to make headway on their top legislative priority -- job creation -- as the government prepared to shut off funding for many of the measures they hope will bring down the unemployment rate. (Fri, 26 Feb 2010 19:53:12 GMT)

Cash crunch is coming
School District 43 is bracing for bad news when the provincial budget is delivered next month. others also read... (Fri, 26 Feb 2010 22:17:17 GMT)

Crestwood's Paige Nemec still has a chance to become first girl to advance to state wrestling tournament
Crestwood's Paige Nemec grabs the leg of Akron St. Vincent-St. Mary's Mike Rix to keep him from an escape during their 103-pound match Friday. - (Gus Chan / The Plain Dealer) If Paige Nemec is to become Ohio's first... (Sat, 27 Feb 2010 08:04:04 GMT)

Scam claims victim has payday loan debt
A new collection scheme aimed at payday loan customers is threatening Washington consumers, says the Washington State Department of Financial Institutions. (Sat, 27 Feb 2010 08:18:42 GMT)

Insurance, Utilities Lead the Way for Berkshire
Insurance operations serve as a port in the storm while cash finds its way in the door via Berkshire's derivatives transactions. (Sat, 27 Feb 2010 16:00:00 GMT)

Rob Neufeld on books: WNC novel fictionalizes trails serial killer
Romance, a sociopath, and a Blue Ridge Mountain summer camp compete for top billing in Rose Senehi's novel “The Wind in the Woods,” and you might say the camp wins. The novel is one of 15 current books published by the new Boone-area outfit Canterbury House, which seeks to advance good writing, regional settings, suspense and stories of hope. (Sun, 28 Feb 2010 05:25:05 GMT)

Editorial: Rough road for loan limits
They can pack a legislative hearing room with so many members and lobbyists there's no place for anyone else to stand. Their advertising campaigns are some of Tennessee's best. What some members of the short-term consumer loan industry do for their customers is not always so great. Setting up shop principally in poor neighborhoods, they collect interest and fees that, combined with loan ... (Sun, 28 Feb 2010 06:04:00 GMT)

Bank cash advances: Tidy profit
Banks may expand their short-term lending at interest rates of 120 percent or more as they seek to replace more than $15 billion in lost revenue because of regulations limiting overdraft fees. (Sun, 28 Feb 2010 08:18:57 GMT)

Reunions
Send reunions at least three weeks in advance to events@freepress.com or by mail to Detroit Free Press, 615 W. Lafayette, Detroit 48226. For complete listings, go to www.freep.com/reunions. (Sun, 28 Feb 2010 08:43:51 GMT)

Banks: The new payday lenders?
U.S. banks, threatened by new limitations on overdraft fees, may look to short-term products similar to "payday" loans to help replace as much as $20 billion in lost revenue. (Sun, 28 Feb 2010 10:16:59 GMT)

Feb. 28 to March 7 Niagara County events
Following is Niagara Sunday's weekly listing of upcoming public events held around Niagara County. If you would like your event included, send the information two weeks in advance to: Niagara Community Calendar, c/o The Buffalo News, PO Box 100, Buffalo, NY 14240, fax to: 856-5150, or e-mail to: niagaranews@buffnews.com . (Sun, 28 Feb 2010 11:40:04 GMT)

Special session: Assembly warned about unclaimed property plan
The Nevada Assembly was warned Saturday about the potential fiscal dangers of pledging unclaimed property fund money for a one-time payment of $90 million to help balance the budget. "This is a payday loan to the state," said Treasurer Kate Marshall. The plan, introduced by Republican Assembly members and pushed by Lt. Gov. Brian Krolicki, would pledge up to $10 million a year from the unclaimed ... (Sun, 28 Feb 2010 13:07:58 GMT)

Categorized | Archive
Former Lt. Gov and Curb Records Chairman Mike Curb pledged $10 million to CSUN, the largest single cash donation and the largest gift from an alum to Cal State Northridge, on August 23. (Sun, 28 Feb 2010 15:37:33 GMT)

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