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First Cash posts 87 percent 1Q profit increase

First Cash Financial Services Inc., a pawn shop and payday loan operator, said Wednesday its first-quarter net income rose 87 percent as its pawn operations in Mexico and the United States posted large gains in sales. Full story

Payday lenders target military families

Members of America's military face threats to life and limb around the world every day, but it's a domestic threat that has recently put the top brass on the offensive on the home front —predatory lenders. Full story

Mo. House backs payday loan legislation

The Missouri House has given first-round approval to a measure limiting how much payday lenders can charge customers. Full story

Dollar Financial plans to offer 5 million shares

Dollar Financial Corp. said Tuesday that it plans to offer 5 million shares of its common stock to help fund its purchase of a payday loan company in England. Full story

Dollar Financial shares rise on stock upgrade

Shares of Dollar Financial Corp., which operates payday lending outlets and pawn shops, jumped Monday after an analyst upgraded the stock based on Dollar Financial's acquisition of a British Internet-based lender. Full story

RI lawmakers pitch restrictions on payday lenders

Lawmakers and consumer groups want Rhode Island to restrict payday loans but lenders say their proposal would leave consumers with fewer ways to make ends meet. Full story

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  The Rise of Payday Lending

The payday lending industry is serving a growing segment of middle-income Americans who need credit and can't get it elsewhere. CNBC's Mary Thompson has the story.

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Payday lenders
Payday lenders

Payday loan businesses, some of them open 24-hours a day, advertise their services in Phoenix on Wednesday, April 7, 2010, one of 650 operating in the state with some open 24-hours a day. A growing backlash against payday lending practices have prompted legislatures around the country to crack down