The Consumer Financial Protection Bureau has proposed a number of guidelines for the industry, including limiting the number of loans per customer to six per year. U.S. payday lenders extend more than $38 billion in loans annually, according to the Community Financial Services Association of America, an industry body. "The proposed rules are so far-reaching...
The Consumer Financial Protection Bureau has proposed a number of guidelines for the industry, including limiting the number of loans per customer to six per year. "The proposed rules are so far-reaching that they will basically put the entire small-business portion of this industry out of business," said Phil Frohlich, a portfolio manager at hedge fund...
WASHINGTON/ BIRMINGHAM, March 26- A U.S. consumer financial watchdog on Thursday outlined plans to crack down on payday lending practices that leave borrowers with debt they cannot repay, and President Barack Obama touted the move as a contrast with Republican polices. Obama told an audience at a community college in Birmingham, Alabama, that the U.S. Consumer...
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FORT WORTH, Texas-- Cash America, a pawn shop and payday lender, on Thursday reported a big drop in earnings but still beat Wall Street's expectations for the third quarter. Cash America International Inc. makes money from loans to consumers, from service fees and from selling jewelry, electronics and other goods in its pawn shops.
NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. Spectrum Brands Holdings Inc., up $4.88 at $46.04. Owens Corning, down $2.83 at $31.12.
FORT WORTH, Texas-- Less than two weeks after announcing plans to slash its operations in Mexico, Cash America is adding new pawn shops in the U.S. The Fort Worth, Texas, company said Tuesday that it has signed two deals for 34 locations, in Tennessee, North Carolina, Kentucky and Arizona, for $68 million to $72 million.
Oct 9- Cash America International Inc:. *To add 34 pawn lending locations in the United States through two independent transactions. *The combined consideration is expected to be between $68 and $72 million in Cash.
Stocks in the S&P 1,500 that displayed unusual volume in Wednesday's trading session.
Shares of the following companies are showing unusual moves in Wednesday's trading session.
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