Cash America 2010 Annual Report Download - page 44

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records for five years for purchases of monetary instruments for cash in amounts from $3,000 to $10,000. In addition,
multiple currency transactions must be treated as single transactions if the financial institution has knowledge that the
transactions are by, or on behalf of, any person or entity and result in either cash in or cash out totaling more than
$10,000 during any one day. In addition, federal regulations require the Company to report suspicious transactions
involving at least $2,000 in a single day to the Financial Crimes Enforcement Network of the Treasury Department
(“FinCEN”). The regulations generally describe three classes of reportable suspicious transactions—one or more
related transactions that the business knows, suspects, or has reason to suspect (1) involve funds derived from illegal
activity or are intended to hide or disguise such funds, (2) are designed to evade the requirements of the Bank Secrecy
Act, or (3) appear to serve no legitimate business or lawful purpose. Certain subsidiaries of the Company are
registered as money services businesses with the U.S. Treasury Department and must re-register with FinCEN at least
every two years. The Company must also maintain a list of names and addresses of, and other information about, the
Company’s stores and must make that list available to any requesting law enforcement agency. The store list must be
updated at least annually.
Since October 2007, federal law caps the annual percentage rate that may be charged on loans made to active
duty military personnel and their immediate families at 36%. This 36% annual percentage rate cap applies to a variety
of loan products, including consumer loans, though it does not apply to pawn loans, and has eliminated the offering of
consumer loans by the Company to military personnel and their immediate families.
The Federal Fair and Accurate Credit Transaction Act requires the Company to adopt written guidance and
procedures for detecting, preventing, and responding appropriately to mitigate, identity theft and to adopt various
coworker policies, procedures, and provide coworker training and materials, that address the importance of protecting
non-public personal information and aid the Company in detecting and responding to suspicious activity, including
suspicious activity that may suggest a possible identity theft red flag, as appropriate.
Casualty insurance, including burglary coverage, is maintained for each of the Company’s locations, and
fidelity coverage is maintained on each of the Company’s employees.
The Company’s franchising activities are subject to various federal and state regulations that, among other
things, mandate disclosures to prospective franchisees and other requirements.
In addition, see “Recent Regulatory Developments” for a discussion of the recently enacted Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010. The Company could be subject to changes in regulations and
other foreign changes as discussed under “Item 1A. Risk Factors—Risks Related to the Company’s Business and
Industry—Adverse changes in laws or regulations affecting the Company’s short-term consumer loan services could
negatively impact the Company’s operations” and “The Company’s operations in Mexico, the United Kingdom,
Australia, and Canada are subject to political or regulatory changes or significant changes in the economic
environment and other concerns.”
Management of the Company believes its operations are conducted in material compliance with all federal,
state and local laws and ordinances applicable to its business.
Company and Website Information.
The Company’s principal executive offices are located at 1600 West 7th Street, Fort Worth, Texas 76102-2599,
and its telephone number is [phone].
The Company’s website is located at www.cashamerica.com. Through its website, the Company provides free
access to its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and all
amendments to those reports filed or furnished pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of
1934 as soon as reasonably practicable after such reports are electronically filed with or furnished to the Securities and
Exchange Commission (the “SEC”). The SEC maintains an internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically with the SEC at www.sec.gov.