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University Study Questions Link Between Rent-to-Own and Financial Distress
A new study by
Jim Hawkins and the
University of Houston Law Center argues that
rent-to-own transactions and other alternative financial
services do not cause financial distress - a
major justification academics and policymakers give for banning
or severely regulating rent-to-own transactions. The paper also
discusses whether President Obama's proposed Consumer Financial
Protection Agency (CFPA) would affect rent-to-own. The study
was funded by the University of Houston...more
Teletrack Integrates With Transunion
Teletrack,
the rent-to-own industry-leading provider of fraud risk
solutions, has added access to TransUnion credit information and
scores to its specialty credit platform for non-traditional
credit grantors...more
Consumers See Netbooks as Compliment not Replacement for Laptop
While netbooks have become more popular in the last year, they are more of a
complement than a replacement for laptops according to a survey of 1,680 online
consumers by Experian...more
InForm Offers Special Pricing on Easter Promotions
The InForm website currently offers RTO
dealers their choice of 2 Easter promotions for only $59...more
RentDirect's MacAlpine Shares Views on the Rental Industry
"As the
retail market continues to be soft, we have stepped up our
efforts among the vendor world to position the rental industry
as an opportunity to capture additional sales." - James MacAlpine, Executive Director, RentDirect Nationwide...more
Cautious Optimism as January Retail Sales Show Improvement
"Retail
performance will continue to rely heavily on controlling costs
as retailers maintain tight inventories, and place smaller and
more frequent orders." - Casey Chroust, Executive Vice President, Retail Operations,
Retail Industry Leaders Association...more
easyhome Continues Arkansas, Missouri Franchise Push
Bud Gates, Chairman and CEO of easygates, LLC announced the
opening of two new easyhome franchise stores...more
Consumer Spending Slows After Holiday Binge
The recent
holiday season showed some hope for a resurgence in the retail
sector, but it appears consumers are back in the doldrums and
not willing to spend their way out of the recession, according
to the February Consumer Reports Index...more
Insta-Rent Insider Trading Settlement Announced
The Alberta Securities Commission (ASC)
has concluded a settlement with Dwight Lester and Kimberley
McAra-Lester in connection with allegations that they engaged in
illegal insider trading of Insta-Rent Inc. securities in 2008...more
DSI Systems Introduces Panasonic Professional Displays
"We selected
the DSI Systems team to partner with because of their deep
understanding of the digital television and the satellite
equipment marketplaces." - Andrew Nelkin, President of Panasonic Corporation of North
America...more
 Spencer Bachus Supports Rent-to-Own Legislation
Bachus is serving his ninth term in the U.S. House of
Representatives. While not a surprise, Bachus' support of the
bill is critical. He is the Ranking Member on the House Financial
Services Committee - the committee of jurisdiction for the Act -
and serves as Chairman of the House Subcommittee on Financial
Institutions and Consumer Credit...more
ColorTyme Manager Goes the Distance for Charity
"I'm running
for Children's Hospital Boston because I believe so strongly in
all the great things it does for kids." - Albert Coelho, GM, Providence RI ColorTyme...more
Rent-A-Center Raises 2010 Guidance
"Due to the strong trends, we are pleased to announce increased earnings
expectations of between $2.35 and $2.55 per diluted share for 2010" - Mark Speese, CEO, Rent-A-Center...more
Check N Go Releases Credit Card Cash Advance Versus Payday Loan Video
"Many people are not aware that a credit
card cash advance often has different terms than the typical
credit card transaction." - Michael Cammon, Vice President of e-Business, Check 'n Go...more
Former Thorn Exec to Lead Rent-A-Center Human Resources
Rent-A-Center announced the appointment of Robert Brockman to
senior vice president of human resources. Reporting to Mitch Fadel...more
ColorTyme Franchise Owner
Walks the Talk
ColorTyme's Steve Dwyer
never met John Frazier, but the teen's tragic death prompted the
local rent-to-own franchise owner to get involved. Taking to
heart the company's motto, "People Helping People", Dwyer is
collecting donations at ColorTyme in Frazier's name and will
match every dollar that the store raises through Feb. 6...more
 Convention Coverage
Clussman, Rubio, Soto Named Premier Dealers of the Year
Brian Clussman, Trinidad (Trini) Rubio and Roy Soto are equal
partners in four Premier Rental Purchase stores in San Antonio,
Texas. The partners were named The Premier Companies' 2009
Dealers of the Year at an awards banquet Wednesday...more
 Convention Coverage
Premier Treats Franchisees to Unique Dining Experience
A reception was held inside the Marriot's kitchens while 150
attendees watched more than a two dozen of the property's world
renowned chefs prepare and serve exotic dishes from Japan,
Italy, Germany and the Caribbean...more
 Convention Coverage
Whirlpool Named Premier Vendor of the Year
Whirlpool was named The Premier
Companies 2009 Product Vendor of the Year. The award was
announced Monday at the 2010 Premier convention welcome
reception in Orlando...more
 Convention Coverage
The Premier Companies Kicks off 2010 Convention in Orlando
"Despite a
challenging economy, The Premier Companies gained franchisees
and increased its store-count in 2009." - Trooper Earle, CEO, The Premier Companies...more
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