Cash Mart Welcomes Nova Scotia Law on Pay Day Loans

Cash Mart Welcomes Nova Scotia Law on Pay Day Loans

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

Nova Scotia ’ s new legislation to manage the cash advance industry could be the very first in Canada. The provinces of British Columbia, Alberta, Saskatchewan, Manitoba and brand New Brunswick have expressed a desire to quickly introduce comparable legislation.

“ Money Mart strives to function as industry frontrunner in customer security, ” said Syd Franchuk, President of National Money Mart. “ We welcome this essential legislation and share the federal government of Nova Scotia ’ s dedication to balancing customer security while ensuring a viable industry that may responsibly provide the millions of Canadians and 1000s of Nova Scotians whom utilize this essential service that is financial. ”

About Dollar Financial Corp

Dollar Financial Corp is a respected worldwide monetary services business serving under-banked customers. Its clients are usually service sector people who need fundamental monetary services but, for reasons of convenience and accessibility, buy some or all their economic solutions through the business in the place of from banking institutions along with other banking 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 ’ 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 type in every one of Canada therefore the uk therefore the second-largest system of the sort in the usa. The Company ’ s clients, lots of whom get earnings for an irregular basis or from numerous companies, are interested in the convenient neighbor hood areas, extended working hours and top-notch customer care. The Company ’ s services and products, principally always check cashing and consumer that is short-term programs, offer instant access to money for bills or other requirements.

Ahead Looking Declaration

This news launch contains ahead looking statements, including statements in connection with Company ’ s future outcomes, growth and working strategy, the effect of brand new shops and purchases, the debt refinancing, and of the performance of the latest items. These ahead looking statements include dangers and uncertainties, including dangers linked to the regulatory environment, present and prospective future litigation, the integration of obtained shops, the performance of the latest shops, the newest installment loan items along with other new items on the organization ’ s company, link between operations, monetary condition and leads. There is no assurance that the organization will attain its anticipated outcomes, successfully incorporate some 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 organization or the banking institutions with that your business does company will not adversely influence the business ’ s operations. An even more complete description of the as well as other https://speedyloan.net/ca/payday-loans-nl/ dangers, uncertainties and presumptions is roofed when you look at 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 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 factors that are such to publicly announce outcomes of any revisions to virtually any for the forward-looking statements included herein to reflect future activities or developments.

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