Law & Health Weekly
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Advance America, Cash Advance Centers, Inc.
Advance America Announces the Closing of 39 Centers
October 11th, 2008
Advance America, Cash Advance Centers, Inc. (NYSE:AEA) announced that it will close all 30 Centers it operates in Arkansas. The company has also completed the previously announced closure of all 9 Centers that it had operated in New Mexico. The decision to close these Centers is the result of recent regulatory and legislative actions that prevent the Company from continuing to operate in an economically viable manner in those states. In Arkansas, the Attorney General and the State Board of Collections have made regulatory decisions that do not allow the Company to operate profitably in that state. The Company has worked closely with the Attorney General's office on this...
Source: Law & Health Weekly (2008-10-11)
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