Cash Mart Welcomes Nova Scotia Law on Payday Advances

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 economic solutions provider, welcomes the brand new legislation passed by the Nova Scotia federal government on November 23, 2006 that may balance strong customer security by having a viable pay day loan industry.

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

“ Money Mart strives to end up being the industry frontrunner in consumer protection, ” said Syd Franchuk, President of National cash Mart. “ We welcome this essential legislation and share the federal government of Nova Scotia ’ s dedication to balancing consumer protection while ensuring a viable industry that will responsibly provide the millions of Canadians and numerous of Nova Scotians whom make use of this essential monetary solution. ”

About Dollar Financial Corp

Dollar Financial Corp is a prominent worldwide monetary solutions business serving under-banked customers. Its clients are usually solution sector people who need fundamental monetary solutions but, for reasons of convenience and accessibility, purchase some or their monetary services through the Company in the place of from banking institutions as well as other institutions that are financial. 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 community contained 1,266 shops, including 857 company-operated monetary solutions shops and 139 We the individuals legal document planning places in 34 states, the District of Columbia, Canada plus the uk. The store system may be the biggest community of their type in all of Canada in addition to great britain in addition to second-largest community of its type in the us. The Company ’ s clients, a lot of whom get earnings for an irregular foundation or from numerous companies, are attracted to the convenient community areas, extended working hours and top-notch customer care. The Company ’ s services and products, principally check always cashing and short-term consumer loan programs, offer instant access to money for cost of living or any other requirements.

Ahead Looking Declaration

This news launch contains forward searching statements, including statements in connection with Company ’ s future outcomes, development and working strategy, the effect of brand new shops and purchases, the debt refinancing, as well as the performance of the latest services and products. These ahead looking statements involve dangers and uncertainties, including dangers linked to the regulatory environment, present and possible future litigation, the integration of obtained stores, the performance of new stores, this new installment loan services and products as well as other services on the organization ’ s company, link between operations, monetary condition and leads https://speedyloan.net/uk/payday-loans-nfk. 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 many FDIC, Federal, state or international legislative or regulatory tasks impacting the organization or even the banking institutions with that the business does company will not adversely affect the organization ’ s operations. An even more complete description of those as well as other risks, uncertainties and presumptions is roofed when you look at the Company ’ s filings because of 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 utilizing the SEC on June 16, 2006 and its particular yearly report on Form 10-K. You shouldn’t spot any undue reliance on any forward-looking statements. We disclaim any obligation to upgrade any such facets or to publicly announce link between any revisions to virtually any associated with the forward-looking statements included herein to reflect future activities or developments.

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