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CNBC Bonus Bucks Trivia: According to Rebecca Darst, what “slammed” the Pawn-and-Payday firms?

Posted on Tuesday, May 13th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -

According to Rebecca Darst, what “slammed” the Pawn-and-Payday firms?

Fears are on the rise that state legislatures, alarmed by the short-term interest rates typically charged by these companies, may move to curtail the industry, Rebecca Darst of Interactive Brokers said on CNBC’s “Squawk Box.” Just this week Ohio made such a move.

“All the payday-loan companies, the companies that operate these sort of franchises in states around the country, they just got slammed yesterday, and I think the reason is that we’re suddenly alarmed by the sort of wham-bam legislation,” she said.

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About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education.
He is available for freelance writing and consulting projects and can be contacted here.

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