Cash Advance News Mar 2010

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Tennessean: Vols can cash in with go-for-broke attitude
It is basically a light and lively bunch. Since losing alleged team leader Tyler Smith after a New Year's Day arrest, UT acts like it is playing on borrowed time. There is a certain nothing-to-lose attitude that follows this team. (Fri, 26 Mar 2010 10:49:27 GMT)

Alvarez Issues Terms For JMH Cash Advance
Miami-Dade Mayor Carlos Alvarez released details of an agreement Thursday between the county and Jackson Health System that put the system on "management watch." The plan calls for the Public Health Trust to release a plan in 30 days that will reduce the current budget gap facing the troubled hospital system by $100 million. (Fri, 26 Mar 2010 14:27:34 GMT)

'Despicable' sex con preys on elderly men
A WOMAN fleeces elderly men by making sexual advances before conning them out of cash. (Fri, 26 Mar 2010 15:09:01 GMT)

Police search for suspect in armed holdups
HUNTSVILLE, AL (WAFF) – Police suspect the same man is behind an armed robbery and an attempted robbery Friday morning at two cash advance stores in Huntsville. (Fri, 26 Mar 2010 17:37:48 GMT)

Saving Money with Ohio's Energy Efficient Appliance Program
Now, the federal government wants to give you cash for clunker appliances. It's a rebate program that rewards you for buying Energy Star. (Fri, 26 Mar 2010 22:58:07 GMT)

More Businesses Dismissing Banks for Business Loans
CORAL SPRINGS, Fla., March 26 /PRNewswire/ -- As traditional bank loans become scarce, more small business owners are turning to alternatives like business cash advances offered by BusinessCashAdvance.com. (Fri, 26 Mar 2010 23:18:42 GMT)

Bill would cap payday loan interest for jobless
Such lenders, who can charge annualized interest of 459%, would have to limit the rate to 36% for the unemployed. New legislation introduced Friday targets payday lenders who offer loans to the unemployed. (Sat, 27 Mar 2010 01:08:46 GMT)

Huntsville Police searching for robbery suspect
HUNTSVILLE, AL (WAFF) - Huntsville Police are on the hunt for a man they say tried to rob two Cash Advance stores this morning. He was successful the first time, but not the second time, all because of a quick thinking clerk. (Sat, 27 Mar 2010 02:08:04 GMT)

Supachai straightens Bhumjaithai's record
Key coalition party Bhumjaithai has been the target of a recent accusation by Suporn Atthawong, a co-leader of the United Front for Democracy against Dictatorship, that it handed out cash to northeasterners to stop them joining the red shirt rally in Bangkok. In an interview with King-oua Laohong, Bhumjaithai spokesman Supachai Jaisamut tries to straighten out the record. (Sat, 27 Mar 2010 02:26:58 GMT)

Derailing Help for Consumers
Ordinary Americans need someone on their side in the wild world of consumer credit. That’s why we need a Consumer Financial Protection Agency. (Sat, 27 Mar 2010 04:42:55 GMT)

'Despicable' woman preys on elderly men, cons them out of cash
An Australian woman, who has been dubbed as 'despicable', is said to be preying upon elderly men by making sexual advances towards them before relieving them of their cash. (Sat, 27 Mar 2010 11:27:32 GMT)

Small businesses need a disaster plan — and plan B
Disaster preparation is one of those tasks that many small business owners say they'll get around to, soon. But it often gets pushed down the priority list, especially when a company is focused on bringing in new business or improving cash flow. (Sat, 27 Mar 2010 12:14:16 GMT)

'Despicable' woman preys on elderly men, cons them out of cash
Melbourne, Mar 27 : An Australian woman, who has been dubbed as 'despicable', is said to be preying upon elderly men by making sexual advances towards them before relieving them of their cash. (Sat, 27 Mar 2010 15:14:15 GMT)

Defending payday loan industry complete distortion of situation: Sun Press Letter to the Editor
Rarely have I seen such a distortion of a situation as in the defense of payday loans (“Payday loan industry a necessity, not an evil,” Sun News, March 4.) And I do know a family who has been involved in this trap, and it has been a nightmare. (Sat, 27 Mar 2010 17:25:25 GMT)

Chavan shows up at literary meet a day in advance
PUNE: Maharashtra Chief Minister Ashok Chavan paid a visit to the 83rd All-India Marathi Literary Meet under way in Pune on Saturday, a day ahead of schedule, ostensibly to avoid sharing the stage with Hindi film actor Amitabh Bachchan on Sunday. (Sat, 27 Mar 2010 19:33:12 GMT)

No banks willing to loan to BH schools
BENTON HARBOR - Benton Harbor schools employees may have to wait a few extra days to get paid during an April pay period. (Sat, 27 Mar 2010 21:36:55 GMT)

Four teams advance in 300th History Bowl
Whispering could be heard from the small crowd gathered in Craven Community College’s Orringer Hall on Saturday when one of the trivia questions relating to the city’s 300 years of history seemed to have stumped one of the teams competing in the New Bern 300th History Bowl. (Sat, 27 Mar 2010 23:23:04 GMT)

Cash windfall
TAN Wei Zong was delighted to be at Sheffield Hallam University’s award ceremony in Kuala Lumpur recently — and for good reason. (Sat, 27 Mar 2010 23:57:48 GMT)

MaxLinear’s 34% Advance Signals Potential for Telegent’s IPO
March 25 (Bloomberg) -- The 34 percent jump in MaxLinear Inc. stock on the first day of trading yesterday may be the opening act for mobile-television initial public offerings. (Sun, 28 Mar 2010 02:47:40 GMT)

WVU Advances to Final Four
Second-seeded West Virginia beats No. 1 seed Kentucky 73-66 to advance to Final Four. (Sun, 28 Mar 2010 02:58:07 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 Mar 2010 07:08:55 GMT)

Know what is online and in databases about you
The amount of information about you in corporate databases and on the Internet is much more than you think. (Sun, 28 Mar 2010 07:41:24 GMT)

Advance Notices
Snead State Community College is hosting a Career Expo from 3 to 6 p.m. April 6 in the Plunkett-Wallace Gymnasium on the Boaz campus. Exhibitors can reserve space now and share information with the community about careers within their business or industry. They will have an opportunity to meet potential employees and provide information about... (Sun, 28 Mar 2010 11:12:27 GMT)

Allegretti: Congress, not Assembly
Advance File PhotoMichael AllegrettiSTRICTLY POLITICAL Michael Allegretti says he’s in it for the long haul in his battle with Michael Grimm for the GOP congressional nomination. But some Republicans wonder why the party should go through a primary when... (Sun, 28 Mar 2010 14:10:07 GMT)

Cash-strapped Metra prepares to spend millions
Cash-strapped Metra is preparing to spend $100 million to meet a federal mandate, that is designed to result in safer operations. (Sun, 28 Mar 2010 14:26:42 GMT)

Capital column: Business initiatives advance despite tight budget
Despite a $3 billion budget shortfall, lawmakers spent much of last week putting together proposals to spend state money to attract aerospace companies, boat manufacturers, film makers and biotech researchers to the state. (Sun, 28 Mar 2010 20:11:00 GMT)

What role does philanthropy play in small business?
QWhat role does philanthropy play in small business, and how can entrepreneurs use their philanthropic efforts to advance their business? APhilanthropy must be done for its own sake, but that is not to say that it cannot have positive personal consequences. (Sun, 28 Mar 2010 20:52:21 GMT)

SMEs urge advance profit tax scrapping
Taxi transport, carwash businesses and artistic performances are on a list of 28 services to be subject to lump-sum tax. (Sun, 28 Mar 2010 21:41:30 GMT)

Derailing help for consumers
WASHINGTON - Why should there be any significant opposition to the creation of an independent agency ... (Mon, 29 Mar 2010 02:58:54 GMT)

Small Talk: Prepare a disaster plan—and plans B and C
Disaster preparation is one of those tasks that many small-business owners say they’ll get around to, soon. But it often gets pushed down the priority list, especially when a company is focused on bringing in new business or improving cash flow. Many owners also believe disaster won’t strike them. They might believe their companies are safe because they’re far enough away from a river. (Mon, 29 Mar 2010 04:10:31 GMT)

MTA to cut services mid-2010 to save $93M
NEW YORK — The Metropolitan Transportation Authority will cut train, bus and subway schedules mid-year to save the cash-strapped agency $93 million, but spared planned cuts in service to the Port Jervis, N.Y., line. (Mon, 29 Mar 2010 04:14:55 GMT)

Weird but true
Maybe duct tape doesn't work for everything after all. Police busted an 18-year-old Cadillac, Mich., man for the alleged burglary of a payday loan business -- despite his sticking duct tape to the bottoms of his shoes in an attempt to hide his tracks. He was arrested carrying about... (Mon, 29 Mar 2010 07:40:44 GMT)

European open: Banks lead advance
LONDON (SHARECAST) - Banks are among the stocks leading Europe’s main markets higher in early dealings on Monday. Societe Generale, Deutsche Bank, UBS and Banco Santander are all in demand. (Mon, 29 Mar 2010 08:49:36 GMT)

When to switch from cash to shares
A perpetual problem for long-term investors is spotting the right moment to shift from cash to shares in the aftermath of a bear market. Many missed the boat in 2009, treating the explosive rally as a short-term, dead cat bounce. It was a costly decision. (Mon, 29 Mar 2010 11:28:15 GMT)

Alamos Gold Inc.: Turkish Assets Demonstrate Robust Economics, Projects Advance to Pre-Feasibility
TORONTO, ONTARIO--(Marketwire - 03/29/10) - (All amounts are expressed in United States dollars, unless otherwise stated) Alamos Gold Inc. (TSX: AGI - News ) ("Alamos" or the "Company") announces the base case scenario findings of a preliminary economic assessment technical report ("Scoping Study") dated March 12, 2010 for the Company's 100%-owned Agi Dagi and Kirazli gold projects in ... (Mon, 29 Mar 2010 11:45:00 GMT)

Alamos Gold Inc.: Turkish Assets Demonstrate Robust Economics, Projects Advance to Pre-Feasibility
TORONTO, ONTARIO--(Marketwire - March 29, 2010) - (All amounts are expressed in United States dollars, unless otherwise stated) (Mon, 29 Mar 2010 11:47:11 GMT)

Stocks restart advance
Stocks gained Monday, extending the recent advance, after a report showed consumer spending grew last month, adding to bets that the economic recovery is starting to pick up steam. (Mon, 29 Mar 2010 14:09:24 GMT)

U.S. Stocks Rise as Consumer Spending Boosts Economic Optimism
March 29 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index extending gains from a fourth straight weekly advance, after consumer spending increased for a fifth month and European confidence in the economic outlook improved. (Mon, 29 Mar 2010 16:32:04 GMT)

Microlending: no longer just a third world thing
Last August, I wrote a story about how micro loans represent a healthy and constructive alternative for the poor versus the voracious payday loan companies. (Mon, 29 Mar 2010 16:47:23 GMT)

RULES FOR THE KMPH FOX 26 and KFRE CW 59 " Jack in the Box Presents Advance Auto Parts Monster Jam " GIVEAWAY
The KMPH FOX 26 and KFRE CW 59 "Monster Jam" Giveaway will begin on Monday, March 29, 2010 and end on Friday, April 9, 2010. Total days contest will be conducted: 12. One (1) Grand Prize winner and Ten (10) Runner up Winners will be randomly selected from all entries received on Monday, April 12, 2010 at the KMPH Studios. (Mon, 29 Mar 2010 20:40:50 GMT)

U.S. stocks advance on economic views
Equity markets and commodities climb after the government reports another monthly climb in consumer spending, additional evidence of a sustained economic recovery. (Mon, 29 Mar 2010 20:58:00 GMT)

Police seek four in morning armed robbery at auto business
KINGS MOUNTAIN — More than one crime could be solved when police catch up with thieves on the run after Monday morning’s armed robbery at Advance Auto Parts. Three men and a woman confronted employees at gunpoint demanding money, said Kings... (Mon, 29 Mar 2010 22:15:23 GMT)

Second-home cash ban – but MPs can still employ family
MPS will be barred from claiming expenses for second homes and will be limited to employing no more than one family member, under tough new rules introduced to restore public (Tue, 30 Mar 2010 00:14:53 GMT)

Government offers rebates to go green
It's not quite as big as Cash for Clunkers, but you'll soon have a chance to earn a little extra cash when you purchase energy-efficient heating units. (Tue, 30 Mar 2010 01:47:36 GMT)

New law targets payday lenders
A Berkeley assemblywoman has introduced legislation to limit the predatory practices of payday lenders. (Tue, 30 Mar 2010 01:48:17 GMT)

Payday loan interest-rate cap for unemployed?
A state lawmaker is trying to cap payday loan interest rates and relieve some of the pressure on the jobless. (Tue, 30 Mar 2010 02:08:27 GMT)

State revises system for appliance rebates
There's been a change in the rebate reservation program in Florida's cash-for-clunker appliance program. Now you have to buy the appliance first, then reserve your rebate — online only. (Tue, 30 Mar 2010 07:54:03 GMT)

Illinois misses out in federal school cash dash
Deficit-ridden Illinois schools missed out on a windfall Monday when Delaware and Tennessee won millions of dollars in federal "Race to the Top" funds to improve education.Some Illinois supporters were heartened by Illinois' posting as fifth among 16 state finalists. However, U.S. Education Secretary Arne Duncan warned that finalists "don't have a leg up'' in phase two of Race to the Top because ... (Tue, 30 Mar 2010 09:02:14 GMT)

Andy Gehl and Bruce Speight: Protect consumers with payday rate cap
For months a debate has been raging in Wisconsin about payday and auto title loans, and whether the terms and features of these loans should provide affordability and ability to repay the debt, or remain unregulated and trap consumers in unending cycles of debt. (Tue, 30 Mar 2010 09:47:32 GMT)

S.Korea dangles handsome rewards for W.Cup team
South Korea on Tuesday offered handsome cash rewards to encourage its team to advance to the second round of the World Cup finals in June. (Tue, 30 Mar 2010 10:36:36 GMT)

S.Korea dangles handsome rewards for W.Cup team
South Korean players celebrate after winning their quarter-final match against Spain at the 2002 World Cup. South Korea has offered handsome cash rewards to encourage its team to advance to the second round of the World Cup finals in June 2010. (Tue, 30 Mar 2010 11:53:00 GMT)

Man with drugs found downtown
Officers found 10 Oxycontin pills and $355 cash in the possession of a man in the area of King and Louis streets Friday afternoon, city police said. Police said officers checked a man in that area at about 3:20 p.[...] (Tue, 30 Mar 2010 15:20:45 GMT)

Credit Suisse says lending lawsuit without merit
Defense attorneys want a federal judge to throw out a $24 billion predatory lending lawsuit filed against Credit Suisse Group by investors in broke resorts in the West and the Bahamas. (Tue, 30 Mar 2010 21:06:15 GMT)

MarketWatch First Take: Kraft pays Rosenfeld a big advance
In an era of corporate belt tightening, cutbacks and layoffs, news that Kraft CEO Irene Rosenfeld's paycheck jumped 41% last year is bound to give some investors heartburn. (Tue, 30 Mar 2010 21:15:50 GMT)

Hometown team in Final Four could cut cash boost
The Butler Pep Band performs with a towel that says "Indy Bound" on it prior to the start of the NCAA West Regional final college basketball game against Kansas State in Salt Lake City, Saturday, March 27, 2010. Butler beat Kansas 63-56 to advance to the Final Four in Indianapolis. (Tue, 30 Mar 2010 21:18:22 GMT)

Call to clean up cash Isa market
A watchdog wants an investigation into the use of temporary headline interest rates to attract savers to cash Isas. (Tue, 30 Mar 2010 23:19:27 GMT)

Toyota Offers May Push U.S. Auto Sales to Most Since ‘Clunkers’
U.S. auto sales may have run at the fastest pace this month since the 2009 “cash for clunkers” program as Toyota Motor Corp.’s incentives to counter global recalls spurred rivals to match the discounts. (Tue, 30 Mar 2010 23:41:18 GMT)

S. Korea dangle handsome rewards for W-Cup team
SEOUL: South Korea yesterday offered handsome cash rewards to encourage their team to advance to the second round of the World Cup Finals in June. (Tue, 30 Mar 2010 23:51:46 GMT)

Corporate Bonds Extend Longest Streak Since ’04: Credit Markets
March 31 (Bloomberg) -- Corporate bonds are rallying for the fourth straight quarter, the longest streak since 2004, extending a record advance as 72 percent of companies beat analysts’ earnings expectations. (Wed, 31 Mar 2010 01:40:38 GMT)

NYC Releases Results of Conditional Cash Program
The city saw increases in families establishing a bank account instead of using immediate payday loan services, getting health insurance instead of using costly emergency room services, and an increase in families seeking dental care. (Wed, 31 Mar 2010 02:06:50 GMT)

Legislators dismiss predatory loan bills
NASHVILLE -- Legislators Tuesday killed a package of bills sought by Memphis lawmakers and consumer advocates to curb predatory lending practices in the title pledge, payday and mortgage loan industries. (Wed, 31 Mar 2010 05:00:00 GMT)

State sues three payday lenders
Minnesota Attorney General Lori Swanson is suing three online payday lenders for making instant short-term loans over the Internet to Minnesotans at interest rates that "grossly" exceeded what is allowed under state law. (Wed, 31 Mar 2010 10:16:03 -0700)

Bowling Green man pleads guilty in robbery
BOWLING GREEN - A Bowling Green man pleaded guilty Tuesday to robbing the Advance America Cash Advance in Perrysburg Township. Matthew Nagley, 39, is to be sentenced May 25 by Wood County Common Pleas Judge Robert Pollex. Nagley pleaded guilty to one count of aggravated robbery. An additional count of aggravated robbery and a kidnapping charge were dismissed as part of a plea agreement. Nagley ... (Wed, 31 Mar 2010 10:27:09 GMT)

Toyota incentives may boost auto sales to levels not seen since "cash for clunkers"
U.S. auto sales may have run at the fastest pace this month since the 2009 "cash for clunkers" program as Toyota Motor Corp.'s incentives to counter global recalls spurred rivals to match the discounts. (Wed, 31 Mar 2010 11:41:49 -0700)

Police make robbery arrest
Anniston police have arrested one person and are looking for another in connection to Tuesday's armed robbery of a cash advance store. (Wed, 31 Mar 2010 12:18:40 -0700)

Pay Day Loan Reform Legislation Advances in House
House Speaker finally decides to send bill to house committee. House Speaker Ron Richard has advanced comprehensive payday loan reform legislation sponsored by state Rep. Mary Still by assigning it to the House Financial Institutions Committee. (Wed, 31 Mar 2010 13:30:36 -0700)

Toyota incentives may boost auto sales to levels not seen since "cash for clunkers"
U.S. auto sales may have run at the fastest pace this month since the 2009 "cash for clunkers" program as Toyota Motor Corp.'s incentives to counter global recalls spurred rivals to match the discounts. (Wed, 31 Mar 2010 14:26:15 GMT)

Man admits guilt in Oct. robbery at Perrysburg
A Bowling Green man pleaded guilty on Tuesday to one count of aggravated robbery regarding an armed robbery last October in Perrysburg. Matthew Nagley, 39, formerly of South Enterprise Street, through a plea agreement, pleaded guilty before Wood County Common Pleas Court Judge Robert Pollex. Last Oct. 30, Nagley entered the Advance America Cash Advance store on Fremont Pike in Perrysburg, pulled ... (Wed, 31 Mar 2010 14:54:28 GMT)

Payday loan measure moves a step forward
After weeks of delay, House Speaker Ron Richard has sent state Rep. Mary Still's payday loan reform bill to a committee for consideration. (Wed, 31 Mar 2010 15:06:11 -0700)

Axmin selling its Kofi gold project in Mali to Avion Gold in cash and share deal
TORONTO - Axmin Inc. (TSXV:AXM) announced Wednesday it has a definitive agreement to sell its Kofi gold project and other ancillary permits in Mali to Avion Gold Corp. (TSXV:AVR) in a cash-and-stock deal. (Wed, 31 Mar 2010 15:13:00 GMT)

SourceMedical Announces the Acquisition of Advance Patient Financial Solutions
SourceMedical, the leading provider of outpatient information management solutions to the ambulatory therapy market, today announced the acquisition for an undisclosed amount of Advance Patient Financial Solutions (APFS). APFS is a leading billing and consulting company specializing in the complex revenue cycle of outpatient therapy. Source Medical worked with APFS for years as expert users of ... (Wed, 31 Mar 2010 16:12:48 GMT)

Minn. AG Swanson files suit against online 'payday' loan lenders
Minnesota Attorney General Lori Swanson filed three separate lawsuits Thursday against online payday lenders that made instant (Wed, 31 Mar 2010 16:32:58 GMT)

Utah loan firm Global Payday Loan among 3 sued over rates, licenses
ST. PAUL, Minn. Minnesota Attorney General Lori Swanson on Wednesday sued three Internet companies offering... (Wed, 31 Mar 2010 18:44:53 -0700)

Asian Stocks Advance; Lihir Gold, CSR Surge on Takeover Bids
April 1 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index for the fourth time in five days, on higher commodity prices gained and takeover offers in Australia. (Wed, 31 Mar 2010 18:59:53 -0700)

Minnesota sues 3 online payday lenders
The attorney general says a trio of short-term loan firms has charged consumers illegally high interest rates and penalties. (Wed, 31 Mar 2010 19:07:11 -0700)

Asian Stocks Advance on Takeovers, China Manufacturing Report
April 1 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index for the fourth time in five days, amid takeover offers in Australia and an expansion in Chinese manufacturing. (Wed, 31 Mar 2010 21:01:12 -0700)

Asian Stocks Advance on Takeovers, China Manufacturing Report
April 1 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index for the fourth time in five days, amid takeover offers in Australia and after Chinese manufacturing expanded. (Wed, 31 Mar 2010 23:16:12 -0700)

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