EZcorp buys Cash Converters store in Va., Pa.
Pawnshop operator EZcorp Inc. said Monday it bought Cash Converters United LC, including seven stores in Virginia and Pennsylvania and the rights to the name in other states.
Terms were not disclosed.
EZcorp said it would continue to operate the stores under the Cash Converters name. It also gained exclusive rights to expand the brand in Virginia, north Florida and eastern Pennsylvania and right of first refusal to buy the Cash Converters franchise rights in 17 other states and the District of Columbia.
EZcorp said it runs more than 1,000 stores offering pawn and payday loans in the U.S., Mexico and Canada.
The shares fell $1.20, or 4.2 percent, to close at $27.65.
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in Virginia, north Florida and eastern Pennsylvania and right of first refusal to buy the Cash Converters franchise rights in 17 other states and the District of Columbia. EZcorp said it runs more than 1000 stores offering pawn and payday loans in
It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans.
Among those Locke mentioned are her service as chair of the Virginia Legislative Black Caucus and her continuing fight to cap interest rates on payday and car title loans. She also cited her successful sponsorship of bills that aided the transition of
Business Bureau of Western Virginia. The scammers claim to be representatives or officers from payday loan companies and call demanding payments on loans in order for the victim to avoid being arrested or sued, the statement from the BBB said.
These risks include (1) changes in laws or regulations or governmental interpretations of existing laws and regulations governing consumer protection or payday lending practices, including particularly changes in Washington, South Carolina, Virginia,
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