International Business News - AEA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The chairman and co-founder of payday lender Advance America Cash Advance Centers Inc. has stepped down, citing "personal reasons," the company said Wednesday. http://www.ibtimes.com/articles/20080806/payday-lender-advance-america-chairman-steps-down.htm Wed, 06 Aug 2008 17:16:39 EDT Payday lenders such as Advance America Cash Advance Centers Inc. and QC Holdings Inc. run the risk being shut out of providing the loans nationwide, according to an analyst who says the companies' stock prices don't currently reflect that possibility. http://www.ibtimes.com/articles/20080603/payday-lenders-shares-may-be-at-risk.htm Tue, 03 Jun 2008 15:58:31 EDT The Pennsylvania Supreme Court ruled Thursday that payday loans that cost borrowers a $150 monthly fee plus 6 percent interest violate state consumer law. http://www.ibtimes.com/articles/20080529/pa-court-high-cost-loans-violated-banking-laws.htm Thu, 29 May 2008 17:56:10 EDT Two companies that employ about 2,200 workers in Ohio said Thursday they may be forced to shut down their operations in the state if legislation is enacted that would create one of the nation's strictest laws governing payday lending. http://www.ibtimes.com/articles/20080516/payday-lenders-may-close-stores-in-ohio.htm Fri, 16 May 2008 11:37:00 EDT Shares of payday lenders barely budged Thursday after Ohio passed a law making the business tougher in the state. Analysts said the market had already anticipated the law would pass, and the stock prices assumed little or no profit in the state from payday lending in the future. http://www.ibtimes.com/articles/20080515/sector-snap-payday-lenders.htm Thu, 15 May 2008 15:52:33 EDT Payday lender Dollar Financial Corp said Thursday it will continue to review its operations in Ohio after new legislation was passed in the state restricting fees and rates on short-term loans. http://www.ibtimes.com/articles/20080515/dollar-financial-reviewing-ohio-operations.htm Thu, 15 May 2008 09:07:02 EDT Cash America International Inc., which runs pawn shops, check cashing and short-term loan operations, said Thursday it will close up to 139 locations in Ohio because of new legislation passed in the state. http://www.ibtimes.com/articles/20080515/cash-america-to-close-up-to-139-locations-in-ohio.htm Thu, 15 May 2008 08:50:17 EDT Technology trade group AeA spent $256,000 in the first quarter to lobby on high-speed Internet service, online advertising and other issues, according to a disclosure report. http://www.ibtimes.com/articles/20080501/technology-trade-group-spent-256-000-lobbying-in-1q.htm Thu, 01 May 2008 17:23:45 EDT Attorney General Dustin McDaniel on Tuesday said that only a handful of payday lending companies in the state have told his office they will shut down or have already done so rather than face the thr... http://www.ibtimes.com/articles/20080402/ark-few-payday-lenders-closing.htm Wed, 02 Apr 2008 14:10:18 EDT Advance America, Cash Advance Centers Inc., a provider of cash-advance services, said Wednesday it amends its revolving line of credit terms to slightly increase the maximum loan size, extend the term and provides an option to expand the line. http://www.ibtimes.com/articles/20080326/advance-america-amends-credit-agreement.htm Wed, 26 Mar 2008 08:36:49 EDT Technology trade group AeA spent $2 million in 2007 to lobby on patent and immigration reforms, investment in high-speed Internet service and other issues. http://www.ibtimes.com/articles/20080319/tech-group-lobbied-for-immigration-bill.htm Wed, 19 Mar 2008 15:09:17 EDT South Carolina senators agreed Tuesday to limit payday loans to no more than $500 at a time and create a list of borrowers that businesses must check before lending money. http://www.ibtimes.com/articles/20080219/s-c-senators-set-payday-loans-limits.htm Tue, 19 Feb 2008 18:18:25 EST Borrowers would have longer to repay a payday loan but would be limited in how many they could get each year under a compromise announced Monday by members of the House of Delegates who say they want to protect Virginians from getting trapped in debt without putting the lenders out of business. http://www.ibtimes.com/articles/20080205/virginia-announce-payday-lending-bargain.htm Tue, 05 Feb 2008 11:56:39 EST