Cash Mart Welcomes Nova Scotia Law on Payday Advances

BERWYN, Pa.–( COMPANY WIRE )–National Money Mart business, a subsidiary of Dollar Financial Corp (NASDAQ:DLLR) and Canada ’ s leading convenience monetary solutions provider, welcomes this new legislation passed away by the Nova Scotia federal government on November 23, 2006 that may balance strong customer security having a payday loan industry that is viable.

Nova Scotia ’ s law that is new manage the pay day loan industry could be the first in Canada. The provinces of British Columbia, Alberta, Saskatchewan, Manitoba and brand New Brunswick also have expressed a desire to quickly introduce similar legislation.

“ Money Mart strives to function as industry frontrunner in customer security, ” said Syd Franchuk, President of National cash Mart. “ We welcome this crucial legislation and share the federal government of Nova Scotia ’ s dedication to balancing customer security while ensuring a viable industry that will responsibly provide the millions of Canadians and several thousand Nova Scotians whom utilize this crucial service online payday loans with no credit check Newfoundland and Labrador that is financial. ”

About Dollar Financial Corp

Dollar Financial Corp is a respected worldwide economic solutions business serving under-banked customers. Its clients are generally service sector people who need fundamental economic solutions but, for reasons of convenience and accessibility, buy some or all their monetary solutions through the business in place of from banking institutions along with other finance institutions. The Company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, Western Union money order and money transfer products, reloadable VISA В® and MasterCard В® branded debit cards, electronic tax filing, bill payment services, and legal document preparation services to meet the needs of these customers.

At October 31, 2006, the Company ’ s global shop system contains 1,266 shops, including 857 company-operated economic solutions shops and 139 We the folks appropriate document planning places in 34 states, the District of Columbia, Canada and also the great britain. The shop community could be the biggest community of its sort in every one of Canada plus the uk additionally the second-largest community of its sort in the us. The Company ’ s customers, nearly all whom get income on an irregular foundation or from multiple companies, are attracted to the convenient community areas, extended working hours and customer service that is high-quality. The Company ’ s products, principally check always cashing and consumer that is short-term programs, offer instant use of money for bills or other needs.

Forward Looking Declaration

This news launch contains statements that are forward looking including statements regarding the Company ’ s future outcomes, development and working strategy, the effect of the latest shops and purchases, your debt refinancing, and of the performance of brand new services and products. These ahead looking statements include dangers and uncertainties, including dangers associated with the environment that is regulatory present and possible future litigation, the integration of obtained shops, the performance of the latest stores, the brand new installment loan services and products along with other new items on the organization ’ s company, results of operations, monetary condition and leads. There could be no assurance that the business will attain its anticipated results, effectively incorporate any one of its purchases, or that ongoing and potential future litigation or that the many FDIC, Federal, state or international legislative or regulatory tasks impacting the business or even the banking institutions with that your business does company will not adversely affect the organization ’ s operations. An even more complete description of the as well as other dangers, uncertainties and presumptions is roofed within the Company ’ s filings aided by the Securities and Exchange Commission, including those described under the“ that is heading Factors ” within the last prospectus through the business ’ s follow-on general public offering filed aided by the SEC on June 16, 2006 and its own yearly report on Form 10-K. You must not put any reliance that is undue any forward-looking statements. We disclaim any responsibility to upgrade any factors that are such to publicly announce link between any revisions to virtually any of this forward-looking statements included herein to reflect future activities or developments.

same day payday loan

Leave a Comment

Your email address will not be published. Required fields are marked *