Legislative challenges to AACE's business model are currently occuring in Maryland, Texas, and Florida. The Maryland law would effectively run AACE out of state if I understand correctly, while AACE believes the laws pending in Texas and Florida would be beneficial. I believe this is discussed in theri recent conference call, a transcript of which is available on their website.Danbobtx
Sorry, the transcript isn't available from the call, but those are the states I believe were discussed. Danbobtx
hey Danbobtx, What is this about the laws? I didnt hear about that.
First, let me mention that I have "found" the conference call here on the Motley Fool, and I would recommend everyone interested take a listen, and also look at their projects for the next year. Melinda Krinick (Probably misspelled)of South West Securities asked toward the end of the call about the current legislative situation in Texas Maryland and Florida. the AACE spokesman viewed the legistaltion in Texas as positive to Pay-Day lending. Maryland was viewed as negative, but I didn't really understand how the business is currently regualted in that state. The Florida law was viewed as more neutral. Can anyone from Maryland comment on the view toward Pay-Day lending in that state, and is anyone aware of the number of AACE stores in Maryland?DanbobtxBTW, I am not an employee, etc of AACE nor of its competitors; I'm a graduate student in Ecology, watching AACE happens to be one of my hobbies right now.
I believe they have between 55 and 60 stores in the state of Maryland, and a few in DC
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