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Cash Advance News Sep 2006

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2 Men Wanted In Weekend Troy Robbery
TROY, Ohio -- Police in Troy are trying to track down two robbers. Officers said the two men robbed the Cash Advance store in Troy three days ago, and now investigators are looking for good leads. (Tue, 26 Sep 2006 20:52:02 GMT)

Canadian Payday Loan Association urges Ottawa to act on industry regulation
TORONTO (CP) - The Canadian Payday Loan Association renewed its plea Tuesday for the federal government to introduce legislation this fall that would give provinces the authority to regulate the country's burgeoning payday loan industry. (Tue, 26 Sep 2006 21:39:00 GMT)

Advance America halts cash advances to military
Payday lending critics call Advance America's decision to "voluntarily refrain" from advancing cash to military personnel a political move. (Tue, 26 Sep 2006 21:51:15 GMT)

Canadian Payday Loan Association urges Ottawa to act on industry regulation
Rita Trichur September 26, 2006 - 6:24 p.m. TORONTO (CP) - The Canadian Payday Loan Association renewed its plea Tuesday for the federal government to introduce legislation this fall that would give provinces the authority to regulate the country's burgeoning payday loan industry. (Tue, 26 Sep 2006 22:31:54 GMT)

Lender limiting loans to troops
The nation's largest cash-advance company is curbing its payday loan program for U.S. military personnel after Congress declared the practice "predatory." (Wed, 27 Sep 2006 05:13:35 GMT)

Read the latest from City columnist Ian Gillespie
TORONTO -- The Canadian Payday Loan Association renewed its plea yesterday for the federal government to introduce legislation this fall that would give provinces the authority to regulate the country's burgeoning payday loan industry. (Wed, 27 Sep 2006 06:34:09 GMT)

1800SELL2US Expands the $2500 No-Fee Cash Advance with Zero Commission
1800SELL2US Expands the $2500 No-Fee Cash Advance with Zero Commission paid by home sellers into the Hampton Roads, Virginia market. (PRWEB Sep 27, 2006) Trackback URI: http://www.prweb.com/zingpr.php/RmFsdS1DcmFzLUNvdXAtU3VtbS1JbnNlLVplcm8= (Wed, 27 Sep 2006 07:24:49 GMT)

Payday lending biz calls for regulation
Wed, September 27, 2006 Payday lending biz calls for regulation By RITA TRICHUR, CP TORONTO -- The Canadian Payday Loan Association renewed its plea yesterday for the federal government to introduce legislation this fall that would give provinces the authority to regulate the burgeoning payday loan industry. The CPLA, which represents 850 of the 1,350 stores offering payday loans across Canada, (Wed, 27 Sep 2006 08:02:10 GMT)

Advance America halts cash advances to military
COLUMBIA, S.C. - Payday lending critics call Advance America's decision to "voluntarily refrain" from advancing cash to military personnel a political move. (Wed, 27 Sep 2006 08:18:38 GMT)

China Shares Advance, As Banks Rebound
Chinese stocks rose Wednesday, reversing losses over the past three sessions, but the market's upside was capped by concerns a massive initial public offering by Industrial & Commercial Bank of China will strain liquidity. (Wed, 27 Sep 2006 08:59:54 GMT)

German Stocks Advance, Led by ThyssenKrupp, SAP, RWE Shares
Sept. 27 (Bloomberg) -- German stocks rose for a third day after consumer confidence in Europe's largest economy reached the highest in almost five years. ThyssenKrupp AG and SAP AG led the advance. (Wed, 27 Sep 2006 09:30:34 GMT)

1800SELL2US Expands the $2500 No-Fee Cash Advance with Zero Commission
Washington, D.C. (PRWEB) September 27, 2006 -- 1800SELL2US (http: (Wed, 27 Sep 2006 12:00:00 GMT)

Regulation of payday loan industry expected soon
Provinces want the power to regulate payday loan institutions. OTTAWA - Ads for payday loan institutions lure customers through promises of instant service, flexible hours, but most importantly, guarantees of quick cash to get them through desperate times. (Wed, 27 Sep 2006 13:15:16 GMT)

PA Governor Rendell Announces Lawsuit to Protect PA Consumers Against Payday Loan Company
Pennsylvania Governor Edward G. Rendell announced today that the Department of Banking has filed a complaint in Commonwealth Court against Advance America, the nation's largest payday lender, for providing lines of credit to borrowers without a license and with interest and fees in excess of state law. (Wed, 27 Sep 2006 15:28:00 GMT)

German Stocks Advance, Led by Continental, RWE, ThyssenKrupp
Sept. 27 (Bloomberg) -- German stocks rose for a third day after a report that showed consumer confidence in Europe's largest economy reached the highest in almost five years. Continental AG, RWE AG and ThyssenKrupp AG led the advance. (Wed, 27 Sep 2006 16:33:17 GMT)

Payday Loans In Colorado Up One-Third In A Year
Coloradans took out high-interest payday loans for $500 million last year, a 34 percent jump from a year earlier and more than double the amount in 2002, state statistics show. (Wed, 27 Sep 2006 16:40:45 GMT)

Advance America Hit by Pennsylvania Suit
Pennsylvania Governor Edward G. Rendell on Wednesday said the state's Department of Banking has filed a complaint against Advance America Cash Advance Centers Inc. for operating without a license and charging excessive interest and fees. (Wed, 27 Sep 2006 17:18:18 GMT)

Bank of the Carolinas Corporation Declares Cash Dividend
Bank of the Carolinas Corporation announced today that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on October 25, 2006, to shareholders of record on October 11, 2006. (Wed, 27 Sep 2006 17:35:00 GMT)

Payday loan regulation?
TORONTO (CP) - The Canadian Payday Loan Association renewed its plea Tuesday for the federal government to introduce legislation this fall that would give provinces the authority to regulate the country's burgeoning payday loan industry. (Wed, 27 Sep 2006 21:41:31 GMT)

State files suit against payday lender
The state yesterday sued one of the nation's largest payday lenders to stop it from offering its short-term, high-cost loans in Pennsylvania. (Thu, 28 Sep 2006 04:27:01 GMT)

An alternative to payday loans
Pennsylvania officials want mainstream lenders to do what they try to discourage check-cashing agencies and payday lenders from doing: provide loans to high-risk borrowers. (Thu, 28 Sep 2006 07:10:29 GMT)

FINANCIAL PLANNING: Advances off-limits for some in service
The nation's largest cash-advance company is voluntarily curbing its payday loan program for U.S. military personnel in the wake of congressional concern that some lenders are targeting service members for predatory loans, according to Gannett News Service. (Thu, 28 Sep 2006 07:20:30 GMT)

In Tomorrow's Paper
OTTAWA -- New rules for payday loan companies will help shake their reputation as vultures preying on the poor and could soften the blow of outstanding class-action suits, says a spokesman for the lenders. (Thu, 28 Sep 2006 08:07:38 GMT)

Payday Lenders Charging 600 Percent Interest, State Says
The state banking department has filed a lawsuit against the nation's largest payday lender because of what it deems are excessive fees. (Thu, 28 Sep 2006 14:26:04 GMT)

Palestinian civil servants get 340-dollar advance
Palestinian civil servants who have received practically no pay for the past six months were each paid a 340-dollar advance. (Thu, 28 Sep 2006 15:02:46 GMT)

Palestinian civil servants get 340-dollar advance
RAMALLAH, West Bank - Palestinian civil servants who have received practically no pay for the past six months were on Thursday paid a 340-dollar advance each, officials said. (Thu, 28 Sep 2006 15:47:44 GMT)

Palestinian civil servants get 340-dollar advance
Palestinian civil servants who have received practically no pay for the past six months were paid a 340-dollar advance each, officials said. (Thu, 28 Sep 2006 17:43:30 GMT)

Advance America's Keystone Kops
Pennsylvania yesterday launched a legal volley at Advance America (NYSE: AEA) , the nation's largest payday lender, suing it for operating without a Banking Department license and charging usurious interest rates. (Thu, 28 Sep 2006 18:18:27 GMT)

Firm bows to DOD pressure, ends payday loans to troops
WASHINGTON — The nation’s largest payday loan company announced this week it will stop offering loans to servicemembers in response to recent pressure from the Defense Department. (Thu, 28 Sep 2006 21:37:07 GMT)

Rawles fights limits on loan shops
Mesa's City Council debates what to do about proliferating payday loan shops. (Fri, 29 Sep 2006 03:45:11 GMT)

New payday lenders cheaper
When Ora Houston of Trotwood needed help paying her bills, her bank turned her down for a loan. The disabled 50-year-old turned to a payday lender she never expected — a credit union. (Fri, 29 Sep 2006 03:50:11 GMT)

1 payday loan company stops lending to soldiers
A national payday loan provider this week announced it's stopping the short-term, high-interest loans to active military members because of issues raised recently by the Department of Defense and Congress. (Fri, 29 Sep 2006 06:00:20 GMT)

Palestinian civil servants get $340 advance
RAMALLAH, West Bank -- Palestinian civil servants who have received practically no pay for the past six months were Thursday paid a $340 advance each, officials said. (Fri, 29 Sep 2006 09:40:17 GMT)

New payday lenders cheaper
When Ora Houston of Trotwood needed help paying her bills, her bank turned her down for a loan. The disabled 50-year-old turned to a payday lender she never expected — a credit union. (Fri, 29 Sep 2006 10:06:29 GMT)

CORRECTING and REPLACING DOR BioPharma Awarded Two Grants Totaling $5.3 Million to Advance Ricin Toxin and Botulinum
Reissuing release to correct ticker symbol for searching purposes. The corrected release reads: DOR BIOPHARMA AWARDED TWO GRANTS TOTALING $5.3 MILLION TO ADVANCE RICIN TOXIN AND BOTULINUM TOXIN VACCINE PROGRAMS DOR BioPharma, Inc. (Fri, 29 Sep 2006 16:08:01 GMT)

Payday loan firm stops lending to military
EL PASO, Texas, Sept. 29 (UPI) -- A national payday loan provider with offices in Texas will stop lending money to active duty members of the U.S. military. (Fri, 29 Sep 2006 16:23:26 GMT)

Lawmakers agree on payday loan cap
Interest rates on payday loans to military service members would be limited under an agreement reached Friday between House and Senate Republicans. (Fri, 29 Sep 2006 20:21:34 GMT)

Congress to limit interest rates on 'payday loans' to military personnel
CAPITOL HILL Maybe you've seen one of those ads for a "payday loan," where a company lets you borrow cash until you get paid. (Fri, 29 Sep 2006 21:41:05 GMT)

Congress to limit interest rates on 'payday loans' to military personnel
CAPITOL HILL Maybe you've seen one of those ads for a "payday loan," where a company lets you borrow cash until you get paid. On average, the annual percentage rate for those is close to 400 percent, and it can more than double as fees pile up. But members of the military will be getting a break. (Fri, 29 Sep 2006 22:11:21 GMT)

Congress to limit interest rates on 'payday loans' to military personnel
CAPITOL HILL Maybe you've seen one of those ads for a "payday loan," where a company lets you borrow cash until you get paid. On average, the annual percentage rate for those is close to 400 percent, and it can more than double as fees pile up. But members of the military will be getting a break. (Sat, 30 Sep 2006 04:24:59 GMT)

Lawmakers agree to cap payday loan rates for service members
WASHINGTON - Interest rates on payday loans to military service members would be limited under an agreement reached Friday by House and Senate Republicans. The measure imposing a 36 percent cap on the annual interest rate for payday loans to service members or their spouses will be included in the defense authorization bill. The House passed the authorization bill Friday, but it stalled in (Sat, 30 Sep 2006 05:52:46 GMT)

Payday loan limit is in defense bill
WASHINGTON -- Interest rates on payday loans to military service members would be limited under an deal reached Friday by House and Senate Republicans. (Sat, 30 Sep 2006 06:31:19 GMT)

Bill limits payday- loan interest for military
WASHINGTON — Interest rates on payday loans to military service members would be limited under an agreement reached Friday by House and Senate Republicans. (Sat, 30 Sep 2006 07:24:13 GMT)

Police: Two Delray priests spent stolen $8.6 million on girlfriends, gambling, property
Delray Beach -- In a bold scheme carried out over decades, two respected priests are accused of stealing more than $8.6 million in cash from the collection plates at St. Vincent Ferrer Catholic Church to bankroll lavish secret lives that included steady girlfriends, investments in property in Florida and Ireland and gambling junkets to casinos in Las Vegas and the Bahamas. (Sat, 30 Sep 2006 09:28:26 GMT)

Congress to limit interest rates on 'payday loans' to military personnel
CAPITOL HILL Maybe you've seen one of those ads for a "payday loan," where a company lets you borrow cash until you get paid. On average, the annual percentage rate for those is close to 400 percent, and it can more than double as fees pile up. But members of the military will be getting a break. (Sat, 30 Sep 2006 09:45:52 GMT)

Consumers cut back in August
Spending rose 0.1%, below expectations The Commerce Department said Friday that consumer spending rose 0.1 percent in August, half the gain economists forecast and the smallest advance since November, as the tumbling housing market made Americans thriftier. (Sat, 30 Sep 2006 10:30:02 GMT)

Rival to Panama Canal Planned
Nicaragua intends to spend $20 billion on a new Central American waterway that was initially proposed in the 19th century. MEXICO CITY — Seeking to cash in on booming Asian exports, Nicaragua will announce a $20-billion proposal next week to build a canal linking the Pacific and the Atlantic oceans that would accommodate ships too large to use the Panama Canal, Nicaraguan officials said Friday. (Sat, 30 Sep 2006 13:08:36 GMT)

Congress to limit interest rates on 'payday loans' to military personnel
CAPITOL HILL Maybe you've seen one of those ads for a "payday loan," where a company lets you borrow cash until you get paid. On average, the annual percentage rate for those is close to 400 percent, and it can more than double as fees pile up. But members of the military will be getting a break. (Sat, 30 Sep 2006 14:46:07 GMT)

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