The Cash Store, a payday lender with more than 80 shopfronts in Australia, suspended writing new loans on March 17,
The Age reported. The Canadian-based lender was "a day or two late" in resuming offering loans, according to its managing director.
Gary Holden, the recently hired managing director of The Cash Store, told the newspaper that the company was working to tighten lending criteria and thus to return the firm's Australian operations to profit.
The Cash Store incurred a loss of around C$7 million in Australia in the year to June 2011.