Short-term lender Cash Store Australia closed 10 stores during the June quarter, as it adjusted to the Government's new payday lending rules.Cash Stores' chief executive, Gary Holden, said in a statement yesterday that the company had revised its loan contracts, tightened its lending criteria and strengthened its disclosure policies. It stopped lending between mid-March and mid-April, while it revised internal procedures and changed its IT system.Holden said four more branches would close by the end of the year.Payday lending provisions in the Consumer Credit and Corporations Legislation Amendment (Enhancements) Bill limit the upfront fee on a finance contract of up to A$2000 to 20 per cent. Monthly charges are limited to four per cent."These are challenging times for the company but the difficult decisions are behind us now," Holden said.Cash Store Australia Holdings has 71 stores around Australia, offering "payday advance broker" services. It is listed on Toronto's TSX Venture Exchange.All this restructuring has hit the bottom line. The company reported a net loss of C$11.4 million for the year to June - down from a loss of $4.3 million the previous year. Revenue was down 56.3 per cent from $4.8 million in 2011/12 to $2.1 million in the year to June.