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Cash Advance News Jan 2007

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Some guys have all the fun
INDIANAPOLIS -- Tom Brady was in typically vague mid-answer when he called an audible. It wasn't at the line of scrimmage, just at his final press conference in advance of today's AFC championship game against the Indianapolis Colts. (Sun, 21 Jan 2007 07:17:00 GMT)

State Weighs Curbs on Payday Loans
Manny Reyes took the loan money and, boy, was it easy. Three hundred dollars in his pocket to help pay for January's rent and a broken axle on his pickup truck -- cash he needed because he paid off some hospital bills for his brother. (Sun, 21 Jan 2007 08:27:39 GMT)

Beware of gales con
Householders are being warned to be on their guard against conmen hoping to cash in on the recent stormy weather. (Sun, 21 Jan 2007 09:40:17 GMT)

Special psychic powers needed for asset allocation
Q: I was shocked by your answer last week to the question about asset allocation, particularly when you said: "To allocate assets properly, one would have to know in advance how well each class of stocks will perform." Asset allocation assumes that you don't... (Sun, 21 Jan 2007 11:46:36 GMT)

Winter adventures from skiing to polar bears
As Baby Boomers cash in their assets and Gen Xers come into their own, the old idea of a vacation is disappearing--especially in the winter. Instead of a beachside chaise longue or a ski-in, ski-out hot tub, more and more vacation travelers are looking for a dose of wilderness and adrenaline when they get time away from work. (Sun, 21 Jan 2007 11:48:01 GMT)

Some guys have all the fun
INDIANAPOLIS -- Tom Brady was in typically vague mid-answer when he called an audible. It wasn't at the line of scrimmage, just at his final press conference in advance of today's AFC championship game against the Indianapolis Colts. (Sun, 21 Jan 2007 15:10:00 GMT)

Banks find way to bridge the payday gap
Call it an emergency cash advance. Call it "proactive" overdraft protection. Just don't call it a payday loan. At least that's how U.S. Bancorp and Wells Fargo & Co. prefer it. The two companies offer direct-deposit checking customers cash advances on future paychecks. The two banks charge a 10 percent fee for loans up to $500, which is automatically repaid when the customer's next paycheck is ... (Sun, 21 Jan 2007 23:04:49 GMT)

Community Meetings
Submit your organization's meeting for immediate publication online at savannahnow.com/do/add_event or e-mail your meeting at least 2 weeks in advance to [email protected] or fax to 525-0796. Contact number must be listed. Community Meetings is printed Monday-Wednesday in the Accent section as space allows. For information, call 652-0310. To see more upcoming community meetings, visit ... (Mon, 22 Jan 2007 01:31:11 GMT)

Payday-lending laws scrutinized
Richmonder Curtis Daniels worked three jobs but still found himself needing some quick cash, so he turned to a payday lender. "That's the worst thing you can do," Daniels said. (Mon, 22 Jan 2007 06:33:35 GMT)

U.K. Stocks Advance, Paced by BP, BHP Billiton; Vodafone Rises
Jan. 22 (Bloomberg) -- U.K. stocks rose, paced by BP Plc and BHP Billiton as oil and metal prices gained. Vodafone Group Plc advanced after UBS AG suggested investors increase their holdings in the shares. (Mon, 22 Jan 2007 09:20:44 GMT)

CRR hike fails to check money supply growth
MUMBAI: Money supply continues to surge with an annual growth rate of over 20% even after the Reserve Bank of India impounded Rs 13,500 crore by hiking cash reserve requirements (CRR) for banks. (Mon, 22 Jan 2007 10:34:29 GMT)

Techs could lead initial advance
Developments on the tech front could help lift stocks when U.S. markets open Monday. (Mon, 22 Jan 2007 10:41:45 GMT)

State legislators address payday lenders to raising the speed limit on Route 460
Efforts to shut down payday lending in Virginia are uniting some unlikely allies. Republicans, Democrats, the NAACP and Family Foundation are joining forces to fight the practice. Lawmakers say they opened the doors to payday lending to help Virginians, but instead encouraged a chain of debt. (Mon, 22 Jan 2007 10:56:55 GMT)

General wants more troops and cash to beat the Taliban
THE British General in charge of Nato forces in Afghanistan has told ministers he needs more money and troops for a year-long push to defeat the Taliban. (Mon, 22 Jan 2007 12:30:15 GMT)

Global Cash Access Signs Agreement with Seven Navegante Group Gaming Establishments
LAS VEGAS----Patrons visiting The Navegante Group's seven Nevada gaming establishments will soon be able to take advantage of Global Cash Access' full suite of products and services with the execution of new agreements by the two companies. (Mon, 22 Jan 2007 13:05:00 GMT)

Cash America International, Inc. Fourth Quarter 2006 Earnings Conference Call
FORT WORTH, Texas----Cash America International, Inc. , a provider of specialty financial services to individuals, will hold its quarterly conference call to discuss Fourth Quarter 2006 results on Thursday, January 25, 2007, at 4:45 p.m. (Mon, 22 Jan 2007 14:00:00 GMT)

U.K. Stocks Advance, Paced by BP, BHP Billiton; Vodafone Rises
Jan. 22 (Bloomberg) -- U.K. stocks rose, paced by BP Plc and BHP Billiton as oil and metal prices gained. Vodafone Group Plc advanced after UBS AG suggested investors increase their holdings in the shares. (Mon, 22 Jan 2007 15:05:33 GMT)

More ABC shows to be axed
Quezon City councilors Aiko Melendez and Winnie Castello have filed an ordinance extending the payment of business tax in Quezon City until Jan. 31. "It’s our advance Valentine ‘gift’ to our constituents," said Aiko. (Mon, 22 Jan 2007 15:40:46 GMT)

RBI asks public to remit income tax dues in advance
New Delhi, Jan 22: The Reserve Bank has asked the public to remit income-tax returns sufficiently in advance of the due date to avoid last minute rush. (Mon, 22 Jan 2007 16:44:41 GMT)

More ABC shows to be axed
Quezon City councilors Aiko Melendez and Winnie Castello have filed an ordinance extending the payment of business tax in Quezon City until Jan. 31. "It’s our advance Valentine ‘gift’ to our constituents," said Aiko. (Mon, 22 Jan 2007 17:35:50 GMT)

Lingle: Catch the economic wave or be swept away by it
Hawaii needs to sharpen its technological acuity, Gov. Linda Lingle said Monday, and she proposed ways for people, companies and schools to advance that goal. (Mon, 22 Jan 2007 20:55:01 GMT)

Payday loan reforms pass committee
RICHMOND, Va. Legislators took action today to try to reform the payday loan industry -- but stopped short of repealing the law the opened the door to the... (Mon, 22 Jan 2007 21:30:35 GMT)

Senate panel OKs payday loan rules
A plan to tighten the rules on payday loans was approved by the Senate Commerce and Labor Committee this afternoon, but the senators stopped well short of banning the practice or of capping interest rates at a level that lenders say would force them out of business. (Mon, 22 Jan 2007 22:10:09 GMT)

Rentcash Inc. defends Canada's Payday Loan Industry
Rentcash Inc. has responded to the Canadian Payday Loan Association 's public assertions that 60 percent of the Canadian industry, that are not members of the association, "prey" on consumers. (Mon, 22 Jan 2007 22:11:00 GMT)

Payday loan reforms pass committee
RICHMOND, Va. Legislators took action today to try to reform the payday loan industry -- but stopped short of repealing the law the opened the door to the practice. (Mon, 22 Jan 2007 22:11:55 GMT)

State Senate panel votes to tighten payday loan regulations
A Senate panel voted Monday to tighten regulation of payday lenders, deflecting demands from religious and consumers groups who argue the short-term, high-interest loans should be banned because they . . . (Mon, 22 Jan 2007 22:14:35 GMT)

CORRECTING and REPLACING Global Cash Access Signs Agreement with Seven Navegante Group Gaming Establishments
LAS VEGAS----Third paragraph of release should read: The Navegante Group will be providing, among other GCA products and services, QuikCash Plus Web , QuikCash cash advance terminals, 3-in-1 Enabled Western Money Systems redemption devices and EDITH (sted The Navegante Group will be providing, among other GCA products and services, QuikCash Plus Web , QuikCash cash advance terminals, 3-in-1 ... (Mon, 22 Jan 2007 23:32:00 GMT)

Max Hastings: Compared to the enormity of the war, this is a paltry scandal
Max Hastings: Cash for honours is a trifle when set against Iraq. But our leaders can get away with anything. (Tue, 23 Jan 2007 01:00:05 GMT)

MP Field attacks Met over cash-for-honours inquiry
OFFICERS involved in the cash-for-honours inquiry have been accused of seriously misusing their time in trying to gather evidence over whether Tony Blair sold peerages, rather than tackling terrorists. (Tue, 23 Jan 2007 01:17:15 GMT)

Panel rejects payday-lending repeal
A state Senate committee rejected a bill yesterday to repeal Virginia's payday-loan law, a measure that payday lenders said would put them out of business. (Tue, 23 Jan 2007 04:37:48 GMT)

Staff Writer
PharmAthene Inc. is gaining a public listing and up to $70 million in cash through a planned merger with Healthcare Acquisition Corp., a deal coming months after another proposed merged by PharmAthene fell through. (Tue, 23 Jan 2007 05:14:57 GMT)

Panel rejects payday-lending repeal; advances 'reform' bill
Payday-lending employees and supporters wore yellow stickers and packed a Senate committee meeting yesterday. The committee rejected a bill to repeal Virginia's payday-loan law. (Tue, 23 Jan 2007 05:18:25 GMT)

Panel rejects payday-lending repeal; advances 'reform' bill
Payday-lending employees and supporters wore yellow stickers and packed a Senate committee meeting yesterday. The committee rejected a bill to repeal Virginia's payday-loan law. (Tue, 23 Jan 2007 06:00:57 GMT)

Panel reforms payday loan bill
Senate panel approves bill reforming payday-loan practices (Tue, 23 Jan 2007 06:11:55 GMT)

Bill limits payday loans to 3 per client
Repeat customers normally mean good news for a business. Payday lending is a different story, critics say. A Senate panel on Monday endorsed new regulations on the payday loan industry aimed at reducing the number of borrowers who get trapped in debt. (Tue, 23 Jan 2007 08:25:48 GMT)

Arundel company gains a partner
PharmAthene to list on Amex Privately held PharmAthene Inc. will get a stock symbol and an infusion of cash through a merger announced yesterday with an Iowa investment firm. (Tue, 23 Jan 2007 10:03:39 GMT)

Saying no to payday loans
Five years ago, Overland Park had two payday-loan stores. Now there are 11, and city leaders don’t want more. (Tue, 23 Jan 2007 10:42:41 GMT)

Witness tells tribunal he was paid to field candidates
A witness told the Constitution Tribunal Tuesday that persons close to some Thai Rak Thai leaders had paid him cash to field candidates in the April 2 poll. (Tue, 23 Jan 2007 12:53:04 GMT)

Arundel company gains a partner
PharmAthene to list on Amex Privately held PharmAthene Inc. will get a stock symbol and an infusion of cash through a merger announced yesterday with an Iowa investment firm. (Tue, 23 Jan 2007 13:11:29 GMT)

Clark Howard's Tax Refund Advice
More than half of all tax returns were filed electronically last year, and this year, the IRS is again encouraging you to file that way if you want your refund right away. Consumer Advisor Clark Howard explains it’s a good way to get cash quickly without spending a fortune. (Tue, 23 Jan 2007 22:32:47 GMT)

European Stocks May Advance, Paced by Total, BHP, Northern Rock
Jan. 24 (Bloomberg) -- European stocks may climb, paced by Total SA and BHP Billiton, after crude oil surged the most in 16 months and copper prices rallied. (Wed, 24 Jan 2007 07:54:56 GMT)

Renovis Restructures To Focus On Advancing Its Neurological And Inflammatory Disease Programs Into Clinical Trials
Renovis, Inc. (Nasdaq: RNVS) today announced that it has reduced its workforce by approximately 40 percent of its positions as part of a restructuring plan intended to significantly reduce spending while maintaining the research and development capabilities needed to advance the Company's late-stage preclinical drug discovery programs. [click link for full article] (Wed, 24 Jan 2007 08:06:08 GMT)

European Stocks Advance, Paced by Total, BHP and Northern Rock
Jan. 24 (Bloomberg) -- European stocks climbed, paced by Total SA and BHP Billiton, after crude oil surged the most in 16 months and copper prices rallied. (Wed, 24 Jan 2007 09:00:28 GMT)

U.K. Stocks Advance; BP, Shell and BHP Billiton Lead Gains
Jan. 24 (Bloomberg) -- U.K. stocks rose, led by BP Plc, Europe's second-largest oil company, and Royal Dutch Shell Plc, the region's largest. BHP Billiton and Rio Tinto Group also advanced. (Wed, 24 Jan 2007 10:05:53 GMT)

First Cash Reports 30% Increase in Fourth Quarter EPS; Fiscal 2006 Earnings Up 28%
ARLINGTON, Texas----First Cash Financial Services, Inc. today announced record revenues, net income and earnings per share for both the three months and the year ended December 31, 2006. (Wed, 24 Jan 2007 11:00:00 GMT)

Cash Advance Industry to be Strictly Regulated in Georgia; Licensing and Oversight Will Ensure Consumer Protection
A bill being introduced in the Georgia Legislature this week establishes strict oversight and licensing procedures while enforcing strong consumer protections for the cash advance industry in Georgia, according to Georgians for Cash Advance. (Wed, 24 Jan 2007 13:51:00 GMT)

Cash Advance Industry to Be Strictly Regulated in Georgia
ATLANTA----A bill being introduced in the Georgia Legislature this week establishes strict oversight and licensing procedures while enforcing strong consumer protections for the cash advance industry in Georgia. (Wed, 24 Jan 2007 14:00:00 GMT)

U.K. Stocks Advance; BP, Shell and BHP Billiton Lead the Gains
Jan. 24 (Bloomberg) -- U.K. stocks rose, paced by BP Plc, Europe's second-largest oil company, and Royal Dutch Shell Plc, the region's largest. BHP Billiton and Rio Tinto Group also advanced. (Wed, 24 Jan 2007 14:35:33 GMT)

European Stocks Advance to Six-Year High, Led by Statoil, BHP
Jan. 24 (Bloomberg) -- European stocks rallied to a six-year high, led by commodity producers and utility companies as oil, metals and power prices increased. (Wed, 24 Jan 2007 14:45:36 GMT)

First Cash Expects Jump in 2007 Profit
First Cash Financial Services Inc. -- an operator of pawn shops, cash-advance stores and used car dealerships -- reaffirmed its forecast for 2007 earnings growth between 29 percent and 34 percent. (Wed, 24 Jan 2007 15:05:15 GMT)

Cash advance shop robbed
WALKER -- Police were investigating Tuesday's armed robbery of an Alpine Avenue NW check advance business. Authorities said a man wearing a ski mask and hooded sweatshirt carried a utility knife into the Cash N Advance store, 2616 Alpine Ave. NW, about 7 p.m. and demanded money. (Wed, 24 Jan 2007 16:08:23 GMT)

First Cash posts 4Q increase
First Cash Financial Services Inc. said its fourth-quarter 2006 earnings rose 26 percent, boosted by revenue from new stores and auto dealerships. (Wed, 24 Jan 2007 16:54:10 GMT)

P2-M fraud mars business council stature in Mindanao?
THE Philippine Chamber of Commerce and Industry Inc. (PCCII) Mindanao is currently investigating the alleged anomalous disbursement of P2 million cash advance made by the former head of the Mindanao Business Council based in Davao City. (Wed, 24 Jan 2007 17:08:52 GMT)

Advance America Increases Quarterly Dividend
Advance America, Cash Advance Centers, Inc. today announced that its Board of Directors has declared a dividend of $0.125 per share payable on March 9, 2007, to shareholders of record as of February 28, 2007. (Wed, 24 Jan 2007 21:15:00 GMT)

Payday Loans Could Be Legal Again in Georgia
Take a ride through Columbus and you'll be hard pressed to find a store offering payday loans. The doors to this Cash in Advance are shut just like this one nearby on South Lumpkin. (Wed, 24 Jan 2007 22:36:58 GMT)

House proposal would repeal payday lending crackdown
Republican lawmakers filed a measure Wednesday that would repeal the landmark state law banning "payday" lending and replace it with a new system that regulates short-term lenders. (Wed, 24 Jan 2007 23:17:58 GMT)

Republican lawmakers look closer at ``payday'' lending law
ATLANTA (AP) Republican lawmakers filed a measure Wednesday that would repeal the landmark state law banning ``payday'' lending and replace it with a new system that regulates short-term lenders. (Thu, 25 Jan 2007 01:02:58 GMT)

With Cash in Hand, Hedge Fund Chiefs Join Political Fray
Hedge fund money, which now exceeds $1 trillion, has emerged as a potentially powerful force in politics. (Thu, 25 Jan 2007 02:43:18 GMT)

Payday loan limits face uphill fight in Legislature
By DAN TESTA Community News Service UM School of Journalism Caption: Rep. Jon Parker takes to the airwaves in support of his payday loan bill. (Thu, 25 Jan 2007 03:35:50 GMT)

Payday lenders donating
Payday loan companies making political contributions. (Thu, 25 Jan 2007 06:18:16 GMT)

Proposal would repeal payday lending law
Republican lawmakers filed a measure Wednesday that would repeal the landmark state law banning "payday" lending and replace it with a new system that regulates short-term lenders. (Thu, 25 Jan 2007 08:13:13 GMT)

Cash Now Corporation (Cash Now) Announces The Completion Of The Indonesia National Licensee Transaction
Cash Now Corporation www.cashnow.com , Cash Now a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software back end systems, Internet based payday loans, and other sub prime financial utility tools, today announced the completion of the Indonesia National Licensee Sale. (Thu, 25 Jan 2007 14:00:00 GMT)

Advance Irish Unity: subscribe or donate now!
The Irish Democart needs to boost its financial resources and circulation if it is to sustain and develop its role in campaigning for a united and independent Ireland and continue to expose the nefarious nature of Britain's involvement (Thu, 25 Jan 2007 17:08:36 GMT)

Payday lenders win round in Richmond
Payday lenders won another round in the legislature today when the full Senate gave initial approval to a new round of regulations to govern the industry. (Thu, 25 Jan 2007 20:55:11 GMT)

Cash America Completes 2006 with an Increase in Fourth Quarter Earnings of 32%
FORT WORTH, Texas----Cash America International, Inc. announced today that income from continuing operations for the fourth quarter ended December 31, 2006 increased 32% to $21,698,000 compared to $16,456,000 for the same period in 2005. (Thu, 25 Jan 2007 21:58:00 GMT)

Cash America Declares an Increase in Quarterly Dividend
FORT WORTH, Texas----Cash America International, Inc. reported today that the Board of Directors, at its regularly scheduled quarterly meeting, declared a $0.035 per share cash dividend on common stock outstanding. (Thu, 25 Jan 2007 22:00:00 GMT)

News-7 Poll: Virginians support new regulations for payday lenders
Virginia's General Assembly is considering new regulations on payday lenders which offer short-term loans at high annual interest rates. A statewide News-7 poll shows that a majority (63%) of Virginians are for a law that would limit those lenders to the same cap as others. (Thu, 25 Jan 2007 22:11:57 GMT)

Lawmakers look for ways to deal with payday lenders
Lawmakers are considering several ways to deal with payday lending this year. Delegate Jennifer McClellan wants to help pull Virginians out of a cycle of debt. Her bill would undo the payday loan act. (Thu, 25 Jan 2007 22:56:56 GMT)

Cash America 4Q Profit Rises
Cash America International Inc., the nation's largest provider of pawn loans, on Thursday reported a 30.3 percent jump in fourth-quarter net income bolstered by higher customer demand and sales, but results failed to match Wall Street's estimates. (Thu, 25 Jan 2007 23:52:51 GMT)

Cash America 4Q profit up
Cash America International Inc. said Thursday after the markets closed that its fourth-quarter earnings rose 26 percent, helped by higher revenue from pawn loans. (Fri, 26 Jan 2007 00:19:35 GMT)

Cash America Issues 1Q Guidance
Cash America International Inc., the nation's largest provider of pawn loans, on Thursday offered a first-quarter earnings outlook below Wall Street estimates, but its full-year guidance is in line with analysts' expectations. (Fri, 26 Jan 2007 00:27:13 GMT)

Cash America issues 1Q guidance
Cash America said demand for its products will remain strong, but believes that trends in tax refunds during the first quarter will affect those results. (Fri, 26 Jan 2007 00:39:21 GMT)

Tougher payday loan bill rejected
Virginia senators yesterday rejected tougher restrictions on high-interest instant loans and tentatively approved an industry-backed bill designed to clean up the business' image. (Fri, 26 Jan 2007 03:59:03 GMT)

Advance America declares dividend
Spartanburg-based Advance America, Cash Advance Centers has declared a dividend of $0.125 per share. The dividend is payable March 9 to shareholders of record Feb. 28. (Fri, 26 Jan 2007 05:08:30 GMT)

Lawmakers look for ways to deal with payday lenders
Lawmakers are considering several ways to deal with payday lending this year. Delegate Jennifer McClellan wants to help pull Virginians out of a cycle of debt. Her bill would undo the Payday Loan Act. (Fri, 26 Jan 2007 05:12:35 GMT)

News-7 Poll: Virginians support new regulations for payday lenders
Virginia's General Assembly is considering new regulations on payday lenders which offer short-term loans at high annual interest rates. A statewide News-7 poll shows that a majority (63%) of Virginians are for a law that would limit those lenders to the same cap as others. (Fri, 26 Jan 2007 05:14:35 GMT)

Tougher payday loan bill rejected
Virginia senators yesterday rejected tougher restrictions on high-interest instant loans and tentatively approved an industry-backed bill designed to clean up the business' image. (Fri, 26 Jan 2007 06:22:01 GMT)

State lawmakers aim to cut payday lenders' interest rates
Washington's payday lenders say they help people in need of quick cash, but some state lawmakers say the industry's huge interest rates... (Fri, 26 Jan 2007 08:08:38 GMT)

Payday lending bill up for final state Senate vote
But a Hampton legislator urges a stricter reform of the high-interest, short-term loans. Payday lenders won another round in the legislature Thursday when the full Senate initially approved a new round of regulations to govern the industry. (Fri, 26 Jan 2007 09:04:29 GMT)

MIDDAY BUSINESS REPORT: Payday loan shops find friend at the Fed
Payday loans are not necessarily predatory, says a surprising new report from the Federal Reserve Bank of New York. (Fri, 26 Jan 2007 18:00:03 GMT)

Cash America Drags Pawn Shops Lower
Shares of pawn shop operators were mostly down Friday after Cash America International Inc. reported a spike in borrowers missing payments. (Fri, 26 Jan 2007 18:16:26 GMT)

Lending Reform Bill Passes Va. Senate
Legislation to reform the payday loan industry passed the Senate Friday, as the House has yet to consider its own legislation dealing with the short-term, high-interest loans. (Fri, 26 Jan 2007 19:23:41 GMT)

Cash America shares fall 9.2% on earnings forecast
Shares of Cash America International Inc., the world's biggest operator of pawn shops, fell 9.2 percent Friday after the company forecast first-quarter earnings that would miss some analysts' estimates. (Fri, 26 Jan 2007 22:04:14 GMT)

Cash Now Corporation (Cash Now) Closes The Regional Training Transaction
Cash Now Corporation , www.cashnow.com , a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software and white or private label back end systems, Internet based payday loans, and other sub prime financial utility tools, annouced today after the market closed, the completion of the regional training transaction. (Fri, 26 Jan 2007 23:38:00 GMT)

Va. Senate passes payday loan restrictions
The state Senate has approved legislation limiting the number of payday loans a borrower can have pending simultaneously -- to three loans. The bill was sponsored by Fairfax County Senator Richard Saslaw, and it requires lenders to wait two months before taking action against borrowers who fall behind. (Sat, 27 Jan 2007 00:26:49 GMT)

Senate passes payday bill
The Virginia Senate passed a bill yesterday tightening regulations on payday lenders but falling short of changes critics had sought. The bill, sponsored by Sen. Richard L. Saslaw, D- Fairfax, would still allow lenders to charge up to 391 percent per annum for a two-week loan. (Sat, 27 Jan 2007 03:12:54 GMT)

Tougher payday loan bill rejected
"It is the only bill that clamps down on some of the measures that people objected to," said the sponsor, Senate Minority Leader Richard L. Saslaw, D-Fairfax. (Sat, 27 Jan 2007 05:29:27 GMT)

Senate passes payday bill
The Virginia Senate passed a bill yesterday tightening regulations on payday lenders but falling short of changes critics had sought. The bill, sponsored by Sen. Richard L. Saslaw, D- Fairfax, would still allow lenders to charge up to 391 percent per annum for a two-week loan. (Sat, 27 Jan 2007 05:59:08 GMT)

Lawmakers look for ways to deal with payday lenders
Lawmakers are considering several ways to deal with payday lending this year. Delegate Jennifer McClellan wants to help pull Virginians out of a cycle of debt. Her bill would undo the Payday Loan Act. (Sat, 27 Jan 2007 11:30:47 GMT)

News-7 Poll: Virginians support new regulations for payday lenders
Virginia's General Assembly is considering new regulations on payday lenders which offer short-term loans at high annual interest rates. A statewide News-7 poll shows that a majority (63%) of Virginians are for a law that would limit those lenders to the same cap as others. (Sat, 27 Jan 2007 11:31:27 GMT)

Questions & Answers on payday loan businesses
What is a payday advance loan? Short-term, small, single-payment loans intended to carry the borrower through a temporary cash deficiency. In exchange for the advance, the lender receives a personal check - dated for the borrower’s next payday - for the amount of the loan and the finance charge. (Sun, 28 Jan 2007 03:20:47 GMT)

Police are Looking for Robbery and Vandalism Suspects
Jackson police are looking for suspects in an armed robbery. It occurred at 7 p.m. Friday night at Advance Auto Parts in the 3200 block of Medger Evers Boulevard. Police say a black man entered the store and got away with an undetermined amount of cash. (Sun, 28 Jan 2007 03:28:59 GMT)

Advance America declares dividend
SPARTANBURG — Advance America, Cash Advance Centers has declared a dividend of $0.125 per share. The dividend is payable March 9 to shareholders of record Feb. 28. Shares: +2 cents; $13.76. (Sun, 28 Jan 2007 05:08:22 GMT)

Advance on tax refunds are no longer an option
It's now harder to use a tax refund to get instant cash this year. People who file through the Internal Revenue Service's Free File Web site will no longer receive offers for an advance on their refund or other services that require a fee. (Sun, 28 Jan 2007 06:30:11 GMT)

Fines OK'd for payday lenders
The Legislature has given final passage to an easy first step toward more tightly regulating ultra-high-interest-rate "payday lenders," while a much tougher bill has also been introduced. (Sun, 28 Jan 2007 07:13:04 GMT)

Tough talk on payday lending
The battle over payday lending is getting hot in Olympia. Those who say the lenders prey on the working poor are pushing hard for a crackdown. (Sun, 28 Jan 2007 09:53:17 GMT)

Assembly to debate Payday Loan interest rates
This week, Virginia ’s General Assembly will vote on whether to put a limit on what you'll pay at "payday loan" shops. Some people with less than perfect credit skip the bank and borrow from “payday loan” shops instead, but the interest rates can be as high as 500%. (Sun, 28 Jan 2007 22:21:47 GMT)

BBB warns against "Advance Fee" loan scams
If you're strapped for cash, the Better Business Bureau has a warning: Don't be pressured into applying for a "guaranteed loan." Some offers are actually scams. (Sun, 28 Jan 2007 22:22:07 GMT)

Microchip advance from Intel, AMD
Intel is set to capitalize on a new breakthrough in microchip technology more quickly than rival Advanced Micro Devices (AMD), but analysts... (Mon, 29 Jan 2007 08:20:01 GMT)

U.K. Stocks Advance, Paced by BP, Shell; Yell Shares Gain
Jan. 29 (Bloomberg) -- U.K. stocks advanced, led by BP Plc and Royal Dutch Shell Plc after crude oil gained for a second day in New York. Yell Group Plc rose after analysts at Merrill Lynch & Co. suggested investors should increase their holdings in the shares. (Mon, 29 Jan 2007 09:50:33 GMT)

Payday advances 'enhance welfare'
As state lawmakers get to grips with cash advance companies, commonly called payday lenders, a report released last week by the Federal Reserve Bank of New York argues that payday advances are not predatory lending. (Mon, 29 Jan 2007 11:48:12 GMT)

Cash Now Corporation (Cash Now) Signs Agreement in Principle to Buy a California-Based Prepaid Debit Card Company
Cash Now Corporation www.cashnow.com Cash Now, a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end systems, Internet- based payday loans, and other sub prime financial utility tools, today announced that it executed an agreement in principle to acquire California- based ... (Mon, 29 Jan 2007 13:00:00 GMT)

www.unews.com Coming Soon!
Top 9 Payday Loan Websites On 1 Page! No Fax, Everyone Approved. Looking for loans with bad credit? Compare providers on our free site Get The Payday Loan You Need In 1 Hour! No Faxing, Everyone Approved. (Mon, 29 Jan 2007 14:54:43 GMT)

U.S. Stocks Rise on M&A; Bristol-Myers, First Republic Advance
Jan. 29 (Bloomberg) -- U.S. stocks rose as mergers and acquisitions involving Bristol-Myers Squibb Co. and First Republic Bank suggest share prices are undervalued. (Mon, 29 Jan 2007 15:14:49 GMT)

Cash Now buys pre-paid card outfit Global
Cash Now Corporation (CHNW.PK) (Cash Now), a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white ... (Mon, 29 Jan 2007 15:20:21 GMT)

U.S. Stocks Rise on M&A; Bristol-Myers, First Republic Advance
Jan. 29 (Bloomberg) -- U.S. stocks rebounded from their third weekly decline of the year as a pickup in acquisitions suggested takeovers may help extend the four-year bull market. (Mon, 29 Jan 2007 15:57:47 GMT)

U.S. Stocks Gain; Bristol-Myers, First Republic Advance on M&A
Jan. 29 (Bloomberg) -- U.S. stocks rose for the first time in three days as a pickup in acquisitions suggested companies are still undervalued after a four-year bull market. (Mon, 29 Jan 2007 16:57:35 GMT)

Dow, Nasdaq Advance in Afternoon Trading
Stocks rose moderately Monday as another round of buyout news renewed investors' optimism about the economic and business climate in the months ahead. Investors also were looking to place bets a day ahead of the Federal Reserve's first meeting of the year. (Mon, 29 Jan 2007 18:59:26 GMT)

Federal Reserve Bank of New York Study Shows Payday Lending is Not 'Predatory'
Underscoring the importance of their industry to consumers, the Online Lenders Alliance today commented on a recent report released by the Federal Reserve Bank of New York, that concludes that payday loans or micro loans generally cannot be categorized as "predatory." And, in fact, the report suggests, that payday loans may improve household welfare. (Mon, 29 Jan 2007 22:13:00 GMT)

Meet the Huntsmans
Jon Huntsman Sr., the founder of the $13 billion Huntsman chemical company, sends out a Christmas card every year that has a loyal following among the Utah business community and prominent Republicans. (First Lady Laura Bush starts asking about it months in advance.) That's because this showcase for family values features his nine children, 55 grandchildren, and Mopsy, the family dog. The card ... (Mon, 29 Jan 2007 23:01:01 GMT)

Cash Now Appoints Three New Sales Executives
Cash Now Corporation www.cashnow.com Cash Now, a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end systems, Internet- based payday loans, and other sub prime financial utility tools, today announced the appointment of three new sales executives. (Tue, 30 Jan 2007 00:04:00 GMT)

Bond Set For Union Springs Man
A bond has been set for 37-year-old Mark Gabriel Perry of Union Springs. He was arrested and charged with attempted rape and robbery. Perry was accused of robbing Ozark Title Max, Troy Approved Cash Advance and the Newton Post Office. (Tue, 30 Jan 2007 00:34:56 GMT)

Mail campaign tries to sway lawmakers about payday loans
The payday loan industry has come under attack for how much it charges and now some lawmakers are questioning how genuine the postcard campaign really is. (Tue, 30 Jan 2007 02:15:14 GMT)

Another view on House Bill 29: Payday lenders already regulated
There is a misconception that there is currently no regulation of payday lending in Montana. (Tue, 30 Jan 2007 07:28:44 GMT)

European Commodity Stocks Decline; Siemens, Alitalia Advance
Jan. 30 (Bloomberg) -- European mining and energy stocks dropped, led by BHP Billiton and Rio Tinto Plc, after declines in metals and oil prices. (Tue, 30 Jan 2007 09:06:15 GMT)

European Commodity Stocks Decline; ITV, Media Shares Advance
Jan. 30 (Bloomberg) -- European mining and energy stocks, this year's worst performers, fell after declines in metals and oil raised concern about earnings at BHP Billiton, Rio Tinto Plc and BP Plc. Benchmarks in the region were little changed. (Tue, 30 Jan 2007 10:30:36 GMT)

European Commodity Stocks Decline; ITV, Media Shares Advance
Jan. 30 (Bloomberg) -- European mining and energy stocks, this year's worst performers, fell after declines in metals and oil raised concern earnings at BHP Billiton and Statoil ASA will slow. Benchmarks in the region were little changed. (Tue, 30 Jan 2007 11:24:48 GMT)

European Commodity Stocks Decline; ITV, Media Shares Advance
Jan. 30 (Bloomberg) -- European mining and energy stocks, this year's worst performers, fell after declines in metals and oil raised concern earnings at BHP Billiton and Statoil ASA will slow. Benchmarks in the region were little changed. (Tue, 30 Jan 2007 11:30:36 GMT)

European Commodity Stocks Decline; ITV, Media Shares Advance
Jan. 30 (Bloomberg) -- European mining and energy stocks, this year's worst performers, fell after declines in metals and oil raised concern earnings growth at BHP Billiton and Rio Tinto Plc will slow. Benchmarks in the region were little changed. (Tue, 30 Jan 2007 12:15:26 GMT)

Cash Now Announces E Payment or E Wallet Products With Buy Rates
Cash Now Corporation www.cashnow.com , is a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end systems. (Tue, 30 Jan 2007 12:30:00 GMT)

European Stocks Advance, Led by Siemens, Alitalia, Air France
Jan. 30 (Bloomberg) -- European stocks rose for a second day after Merrill Lynch & Co. advised buying shares of Siemens AG, the region's largest engineering company, and takeover speculation boosted airlines. (Tue, 30 Jan 2007 15:00:36 GMT)

European Stocks Advance, Led by Siemens, Alitalia, Air France
Jan. 30 (Bloomberg) -- European stocks rose for a second day after Merrill Lynch & Co. advised buying shares of Siemens AG, the region's largest engineering company, and takeover interest in Alitalia SpA lifted airlines. (Tue, 30 Jan 2007 16:15:27 GMT)

European Stocks Advance, Led by Siemens, Alitalia, Air France
Jan. 30 (Bloomberg) -- European stocks rose for a second day after Merrill Lynch & Co. advised buying shares of Siemens AG, the region's largest engineering company, on earnings prospects, and takeover interest in Alitalia SpA lifted airlines. (Tue, 30 Jan 2007 17:24:59 GMT)

House committee passes payday lending reform bills
RICHMOND, Va. Measures to reform the payday lending industry passed out of a House committee today. The industry-backed bill is similar to one passed by... (Tue, 30 Jan 2007 23:22:29 GMT)

House committee passes payday lending reform bills
RICHMOND, Va. Measures to reform the payday lending industry passed out of a House committee today. (Wed, 31 Jan 2007 00:42:59 GMT)

House committee OKs bill on payday lending
With a room full of lobbyists and payday-lending supporters looking on, a House of Delegates committee easily approved a payday-lending bill sought by the industry. (Wed, 31 Jan 2007 04:17:23 GMT)

Reform for payday lending in the works
RICHMOND - Payday lenders can stay in business but will face tougher restrictions under legislation approved Tuesday by a House committee. (Wed, 31 Jan 2007 05:56:00 GMT)

Payday lending appears to survive
House committee also backs reform of payday loans (Wed, 31 Jan 2007 07:01:45 GMT)

House committee endorses bill to restrict payday lenders
The bill is similar to legislation passed by the Senate last week. It now goes to the full House. RICHMOND -- Payday lenders will continue to operate in Virginia for at least another year but likely will do so under new restrictions and heightened scrutiny. A House of Delegates committee on Tuesday endorsed legislation to limit the number of outstanding payday loans a borrower can have at one ... (Wed, 31 Jan 2007 07:05:07 GMT)

TEXT-India cbank's quarterly monetary policy review =4
Injections under the LAF resumed from December 13, 2006 as liquidity tightened with outflows from the banking system on account of advance tax payments as well as the 25 basis points increase in the CRR which became effective from December 23, 2006. (Wed, 31 Jan 2007 07:13:40 GMT)

Banks hear payday borrowers' plight
Local band credit unions are being encouraged to consider offering small-dollar loans to people trapped by payday loans. These small loans would be made available to people who live paycheck to paycheck and face plights such as when a water heater breaks or a tire blows. (Wed, 31 Jan 2007 07:52:58 GMT)

European Energy Stocks May Rise on Oil Gains; Danone Might Drop
Jan. 31 (Bloomberg) -- European energy stocks might advance, pushed higher by Statoil ASA and Technip SA, after oil had the biggest gain in 16 months in New York yesterday. (Wed, 31 Jan 2007 08:00:26 GMT)

Tightening the Net on Cybercrime
As high-tech thieves loot cash machines around the country, the FBI's man inside gets close to the Russian kingpin behind the crime wave. Second of a three-part series by Kim Zetter.Plus: I Was a Cybercrook for the FBI (Wed, 31 Jan 2007 10:38:02 GMT)

Panel backs new rules for payday loans
Critics of the House measure say the proposed regulations fall short of what's needed to protect consumers. A House panel endorsed on Tuesday a bill to regulate payday lenders, disappointing a coalition of groups that wanted the General Assembly to effectively drive the business from Virginia. (Wed, 31 Jan 2007 11:25:27 GMT)

Panel backs new rules for payday loans
Critics of the House measure say the proposed regulations fall short of what's needed to protect consumers. A House panel endorsed on Tuesday a bill to regulate payday lenders, disappointing a coalition of groups that wanted the General Assembly to effectively drive the business from Virginia. (Wed, 31 Jan 2007 11:45:42 GMT)

Cash Systems, Inc. Announces New Contracts and Renewals
LAS VEGAS----Cash Systems, Inc. , a provider of cash access solutions for the gaming industry, today announced multi-year contracts where Cash Systems will provide it's full line of cash access services including all-in-1atm services, ecashsystem for cash advance services and ecash checking: Sweepstakes Systems of America operates Bingo Palace located in Piedmont, Alabama. (Wed, 31 Jan 2007 13:30:00 GMT)

Tainted cash from PCGG, holding firm lined Palace ’04 polls kitty
The administration’s campaign kitty during the 2004 presidential elections had allegedly tainted money from Presidential Commission on Good Government (PCGG) and Philcomsat Holdings Corp. (PHC), with their officials being accused of bleeding dry the coffers of the sequestered telecommunications and trading firm, Philippine Communications Satellite Corp. (Philcomsat) and Philippine Overseas ... (Wed, 31 Jan 2007 14:04:14 GMT)

Payday Loan Ban May Be Lifted
ATLANTA (AP) -- Years after the Legislature outlawed payday lending, there's a move afoot in the Capitol to legalize the short-term high-interest loans. (Wed, 31 Jan 2007 14:14:28 GMT)

Arriva Card, the First Credit Card Designed for Use in Casinos, Surpasses $15 Million in Volume
Less than six months after initial introduction, holders of the Arriva Card , the first credit card designed for use in casinos, have completed more than $15 million in cash advance transactions at 800-plus leading casinos whose ATM, cash advance and check cashing services are provided by Global Cash Access , parent of Arriva Card, Inc. (Wed, 31 Jan 2007 16:01:00 GMT)

Toronto stocks rise with golds; Celestica slumps
The Toronto Stock Exchange's main index gained ground on Wednesday, as steady bullion prices helped shares of gold miners. But mixed corporate results from Alcan Inc. and Celestica Inc. as well as weakening oil prices prevented a broader advance. (Wed, 31 Jan 2007 16:08:31 GMT)

MARKET TALK: CME Cattle Up Slightly On Cash Ideas
CME live futures are up slightly on ideas this week's cash live cattle prices could be slightly higher than a week ago. But, feeder cattle futures are narrowly mixed as advance attempts in that pit have been capped by higher corn prices. (Wed, 31 Jan 2007 17:37:40 GMT)

Wednesday January 31, 2007 - 13:20 EST
LAS VEGAS, Nevada – (PRESS RELEASE) -- Less than six months after initial introduction, holders of the Arriva Card, the first credit card designed for use in casinos, have completed more than $15 million in cash advance transactions at 800-plus leading casinos whose ATM, cash advance and check cashing services are provided by Global Cash Access (NYSE: GCA), parent of Arriva Card, Inc. (Wed, 31 Jan 2007 18:20:05 GMT)

Cash Now Corporation (Cash Now) Closes A National Licensee Transaction With A Seattle Washington Based Company
Cash Now Corporation , www.cashnow.com , a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software and white or private label back end systems, Internet based payday loans, and other sub prime financial utility tools, announced today, the completion of the national licensee sale transaction for the Seattle Washington ... (Wed, 31 Jan 2007 20:44:00 GMT)

Advance America Schedules Fourth Quarter Conference Call
Advance America, Cash Advance Centers, Inc. will release fourth quarter of 2006 financial results on Wednesday afternoon February 7, 2007 after the stock market closes. The company will discuss the results on a conference call on Thursday, February 8 at 9:00 a.m. . (Wed, 31 Jan 2007 21:15:00 GMT)

Taxman - the new avatar
SWEDES earning cash on Net games such as World of Warcraft may need to rethink after Swedish officials said they were planning a clampdown. (Wed, 31 Jan 2007 21:52:34 GMT)

House panel tables vote on payday lending fines
LITTLE ROCK - A House panel tabled a vote Wednesday on legislation to prevent payday lenders from charging triple-digit interest after members questioned whether it unfairly targets the industry. (Wed, 31 Jan 2007 22:49:38 GMT)

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