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 вЂ™ s leading convenience monetary solutions provider, welcomes the brand new legislation passed away by the Nova Scotia government on November 23, 2006 that may balance strong customer security with a viable pay day loan industry.
Nova Scotia вЂ™ s law that is new manage the cash advance industry could be the very very very first in Canada. The provinces of British Columbia, Alberta, Saskatchewan, Manitoba and brand New Brunswick also have expressed a need to quickly introduce legislation that is similar.
вЂњ Money Mart strives to function as industry leader in consumer security, вЂќ said Syd Franchuk, President of National cash Mart. вЂњ We welcome this essential legislation and share the federal government of Nova Scotia вЂ™ s commitment to balancing customer protection while ensuring a viable industry that may responsibly provide the millions of Canadians and large number of Nova Scotians whom utilize this crucial monetary solution. вЂќ
About Dollar Financial Corp
Dollar Financial Corp is a respected worldwide economic solutions business serving consumers that are under-banked. Its clients are generally solution sector people who need fundamental monetary solutions but, for reasons of convenience and accessibility, buy some or all their economic solutions through the business in the place speedyloan.net/uk/payday-loans-nfk/ of from banking institutions as well as 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.
The District of Columbia, Canada and the United Kingdom at October 31, 2006, the Company вЂ™ s global store network consisted of 1,266 stores, including 857 company-operated financial services stores and 139 We The People legal document preparation locations in 34 states. The shop community may be the network that is largest of its sort in every one of Canada plus the uk and also the second-largest system of the sort in america. The Company вЂ™ s clients, several of whom receive earnings on an irregular foundation or from numerous companies, are interested in the convenient neighbor hood places, extended working hours and customer service that is high-quality. The Company вЂ™ s services and products, principally always check cashing and consumer that is short-term programs, provide instant usage of cash for cost of living or any other needs.
Ahead Looking Declaration
This news launch contains statements that are forward looking including statements regarding the Company вЂ™ s future outcomes, development and working strategy, the impact 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 pertaining to the regulatory environment, present and possible future litigation, the integration of obtained shops, the performance of the latest shops, the newest installment loan services and products along with other new items on the business вЂ™ s company, link between operations, monetary condition and prospects. There is 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 different FDIC, Federal, state or foreign legislative or regulatory tasks impacting the organization or the banking institutions with that the Company does company will not adversely influence the Company вЂ™ s operations. A far more complete description among these along with other dangers, uncertainties and presumptions is roofed into the Company вЂ™ s filings because of the Securities and Exchange Commission, including those described under theвЂњ that is heading Factors вЂќ within the last prospectus through the business вЂ™ s follow-on public offering filed with all the SEC on June 16, 2006 and its particular yearly report on Form 10-K. You ought not put any reliance that is undue any forward-looking statements. We disclaim any responsibility to upgrade any such facets or to publicly announce outcomes of any revisions to virtually any associated with the forward-looking statements included herein to reflect future activities or developments.