LONDON, July 15- New rules will cap sky-high interest rates offered by payday lenders in Britain, bringing down the cost of short-term loans criticised for causing misery among borrowers and potentially wiping out almost half the companies' revenue.
WASHINGTON, July 10- The U.S. consumer watchdog on Thursday said payday lender ACE Cash Express must pay $10 million to settle accusations that it had used unfair debt collection practices, such as threatening to sue borrowers, to pressure them into taking out new loans.
Cash America said that while a final decision is yet to be made, the separation of Enova International Inc would create a publicly traded company with about $766 million in revenue as of Dec. 31.
Any spinoff of the business, which consists of the company's e-commerce unit Enova International Inc, will create a publicly-traded online lending company with about $766 million in revenue as of Dec. 31, Cash America said in a statement. 1/ 8 ID: nBw13dhD4.
Pawnbrokers have found a new type of customer in the wealthy, who are leveraging their luxury items for cash.
What stocks might the father of value investing, Benjamin Graham, like today? TheStreet.com reports.
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.
Can an everyday pawn broker, unsupported by a major television show, be a profitable investment? The answer is a resounding yes.
Gold prices hit its record high early Thursday at above $1,120, but in today’s dollars and on an inflation-adjusted basis, the precious metal is still 50 percent off its record high. So should investors still be piling into the commodity? Brent Wilsey, president at Wilsey Asset Management shared his insights.
Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and US Bancorp popped while Cash America and Coach dropped.
Digging deep for that last nickel? You're not alone. That's why these stocks work right now.
When times get tough and credit is tight, hocking your jewelry might be the only way to raise much-needed cash.
To give investors an edge, CNBC asked the experts for their best trades now.
There's a small segment of the retail space that's suddenly doing very well, according to analyst Daniel O'Sullivan: the pawnshop business. He has several recommendations for investors.
If they recommend financial stocks at all, most experts are aiming at the top of the sector. But Formula Capital's James Altucher works the other end.