Cash Converters, EZCORP deal axed on proposed government reforms

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The government’s intends to introduce tougher guidelines on payday lenders have cost phone number for cash-central.com/bad-credit-loans cash that is perth-based a $70 million deal.

Cash Converters late yesterday announced that worldwide pawn and payday lender, and major shareholder, EZCORP had ended an understanding to get a managing 53 per cent desire for the Perth business.

Beneath the deal, very first flagged in March, EZCORP would be to purchase around 76.6 million money Converters at 91c each to raise its existing shareholding from 32.76 %. Read More