Cash Pay Advance

Albert Goldstein, the head of Cash America’s Internet services division acquired $2 million in stock through affiliated holding companies. Mostly through various holding firms, Goldstein now has 131,000 shares — less than 1% of Cash America’s outstanding stock. Goldstein’s transaction came a week after Cash America Chief Executive Officer Daniel Feehan sold $506,000 in stock under a predetermined trading plan, known as a 10b5-1. Cash America runs pawn shops and cash advance, or payday lending, outlets across the country. The recent selloff in Cash America stock comes amid the passage of a bill in the Ohio state legislature that will essentially ban payday lending in the state. Ted Strickland — Cash America announced it would close its 139 Ohio lending locations. Find Out More

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