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Home   About   Membership   Resources   Government Affairs   Meetings & Events Jan. 29, 2013

Consumers, police departments face ammunition shortage
KMOX-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With gun control a hot topic in Washington, D.C., firearms are flying off shelves and those buying them are facing a new challenge: finding ammunition. "We're seeing nothing. Nothing in inventory," said Jim Stevens, owner of Bull's Eye LLC in St. Louis. Stevens says he started seeing changes at his St. Louis shooting range within days of the school shooting in Newtown, Conn., last month. More
Related story:
Gun sales surge across state, nation (Wetumpka Herald)

Video: Upscale pawnshops cater to wealthy clientele
Fox News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The need for fast cash is hitting the wealthy as more rich people flock to pawnshops. "Most people don't realize that up until the 1950s pawnshops were the number one form of consumer credit in the United States," said Rick Harrison, star of The History Channel's hit show "Pawn Stars".

UK pawnbrokers anxious to shake off historical image to win over credit-starved small business owners
The Telegraph    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The steady decline of bank lending to small businesses since 2008 has been a boon for alternative lenders. While so called crowd-funding and peer-to-peer online finance platforms, which link consumers to companies, have garnered most of the attention, a much older industry has also been quietly exploiting demand from credit-starved small businesses. Barry Stevenson, the chief executive of United Kingdom pawnbroker Albemarle & Bond, says speed and convenience are the key reasons he is seeing starting to see more business customers. More

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Counterfeit batteries: can you tell the real from the fake?
Digital Trends    Share    Share on FacebookTwitterShare on LinkedinE-mail article
We've all heard stories about laptops suddenly bursting into flames, and a risk of cellphones exploding if you answer a call while at the gas pump. Well, the use of counterfeit batteries could be the cause of some of those problems, a problem that's common in the camera and camera accessory industries. To educate consumers, Canon is taking measures to provide information about the dangers of using counterfeit products. More

Detroit's American Jewelry and Loan, site of truTV's 'Hardcore Pawn,' could add new shops; show renewed for 7th season    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The pawnshop business has been very good to the Gold family, stars of tru-TV's reality show "Hardcore Pawn." In fact, business has been so good that American Jewelry and Loan owner Les Gold is considering expanding his operation to new locations in the Detroit area. More

A Maine lawmaker's bill would impose new rules on pawnbrokers to make it easier for law enforcement
Portland Press Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While out campaigning last summer, Rep. Lori Fowle, D-Maine, came across a couple who had been robbed of family jewelry that was found later only after it had been melted down. The Vassalboro, Maine, Democrat thought their experience might mean that state laws about pawnshops should be tightened to make it easier for law enforcement to find stolen items and to give them more time to conduct investigations. More

NPA Policy Statement: Internet Pawn Loans and Providers Pawn loans are an important, growing, and trusted source of small-dollar, short-term nonrecourse loans in the United States. Fast, on-the-spot decision-making by pawnbrokers at brick and mortar pawnshops throughout this country help make pawn loans available for emergencies that individuals, families, and small businesses experience.

Pawn loans traditionally have been face-to-face transactions, regulated by federal, state and local laws. Recently, some providers have offered Internet pawn loans in which the borrower and pawnbroker do not meet face-to-face, but rather conduct business via the Internet.


Why it makes sense to buy gold
Forbes India via CNBC's Moneycontrol    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold is the most under-invested asset but is still makes sense to buy it. Currently around 1 percent of global financial assets are invested in gold. We believe gold is far from being in a bubble phase. Gold price performance in all G7 currencies in the past five to 10 years stands testimony to the fact that it’s a broad-based rally. More

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Cash America's 4Q net income falls on charges
The Associated Press via CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cash America International Inc. said that its net income fell sharply in the fourth quarter, as the pawnshop and payday lender booked hefty charges related to trimming operations in Mexico and other costs. But the company's adjusted results exceeded Wall Street's expectations, helping boost shares more than 7 percent in afternoon trading. More

Pawn store owner in Hamden, Conn., injured in break-in
Hamden Patch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The co-owner of a pawnshop in Hamden, Conn., was injured when two people apparently broke into the store in an attempt to rob it, according to police. When officers arrived at Pawn Paradise they found the 40-year-old female co-owenr of the shop lying on the floor of the cash room. More

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