Payday Loan News for October 24, 2006

The Salt Lake County Council is starting to take a stand against the check-cashing industry. The council voted Tuesday to begin developing an ordinance to cap the number of payday-loan businesses in unincorporated areas of the county.

Payday loan firms feeling the pinch 
With Michigan's economy in the tank — thousands of unemployed factory workers and underemployed service workers are looking for jobs and many people are struggling to pay their bills — you might expect business to be booming at payday loan centers.

CHNW: Signs A MOU to Acquire a Customer Service Call Centre 
Cash Now Corporation (CHNWK) announced that it has executed an MOU to acquire a customer service call centre to service its inbound payday loan and software license sales inquiries.

First Cash Reports Third Quarter Earnings of $0.25; Up 32% Over Prior Year 
ARLINGTON, Texas—-First Cash Financial Services, Inc. today announced record-setting third quarter revenues, net income and earnings per share for the three months ended September 30, 2006.