On March 2, 2005, the Federal Deposit Insurance
Corporation ("FDIC"), our primary regulator, issued revised
payday lending guidelines. The full text of such guidelines is
available on the FDIC website at http://www.fdic.gov.
Payday loans are made for amounts less than $1,500 and are
unsecured loans, generally with high interest rates, that
borrowers promise to
repay out of their next paycheck. We offer such payday loans
and will be
affected by the revised guidelines.
The revised guidelines impose additional restrictions on
the ability of
financial institutions to provide payday loans and may require
institutions to reduce their payday loan volume.
The revised guidelines may have a material adverse effect
on our business.
We are developing alternative loan products which are
permissible under these
guidelines; however, it is not possible to predict whether the
such loan products will mitigate the adverse effects of the