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Pawnbrokers report trends and steady industry growth
National Pawnbrokers Association
The National Pawnbrokers Association (NPA) announced the results of the NPA 2015 Trend Survey that assesses how changes in the U.S. economy have affected the pawn industry since the beginning of 2014. Findings of the survey demonstrate conservative growth within the industry over the past year, as well as a dip in the number gold-based loans and gold-buying transactions. This decrease in gold-based transactions, according to industry experts, is due to consumers having released disposable gold during peak gold price periods.
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Flexibility vital in pawnshop's success
The Republic
After operating a gun shop for 20 years, Bill Robb moved his family from the Chicago area to northern Bartholomew County to give his family a calmer and gentler lifestyle. But upon opening a pawnshop in the Hope Town Square in 1979, Robb ran headlong into strong community opposition that was anything but calm and gentle, according to his daughter, Jackie Robb Tallent.
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Pawn Stars building shopping center next door to shop
KLAS-TV 8
The owners of Gold and Silver Pawn Shop and stars of reality show "Pawn Stars" are expanding their empire by creating a shopping center next door to their shop called Pawn Plaza. The owner and developer, Rick Harrison, says he is trying to capitalize on the heavy foot traffic generated by the popularity of the show. He bought the property next to his shop in 2008.
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See related story:
'Pawn Stars' Harrison looks toward the future (CNBC)


FDIC chairman will testify during Operation Choke Point hearing
ACA International
A House Financial Services subcommittee will review the FDIC's implementation of Operation Choke Point after learning more information about its involvement in the program.
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New pawnshop requirement in Georgia a good move to some, irks others
The Brunswick News
A new ordinance requiring pawnshop owners in unincorporated Glynn County, Georgia, to take photos of people selling goods and log their information into an online database will enhance the ability of detectives to solve property crimes like burglaries, Glynn County Police Chief Matt Doering said. But some pawn brokers see the new requirements as more red tape stuck to an already hefty list of rules and regulations regarding how they report the merchandise moving through their stores.
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Hock and awe
The IND Monthly
When economies take downward turns, pawnshops typically feel the impact early, particularly their inventories, which traditionally will grow as more and more of the unemployed and economically distressed come in to part ways with those things they can do without in exchange for a little cash: laptops and Xboxes, big screens and Blu-Rays, diamond earrings, shotguns and all those other belongings that tend to turn into items of luxury once money gets tight and times get tough.
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Gold at 2-week high on weaker dollar, rate expectations
Reuters
Gold firmed for the fourth straight session to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates. Gold had dipped to a four-month low before the Fed met as concerns mounted over higher U.S. interest rates, which could dent demand for non-interest-bearing bullion.
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Why Walmart is battling a church over gun sales
CBS News
While selling guns with high-capacity magazines is controversial in its own right, the heart of the battle is over whether Trinity, as an investor in Walmart, has the right to place proposals about a company's day-to-day operations — such as its inventory mix — onto shareholder ballots. Given the rise of activist investors, who have in recent years pressured companies to ditch board members and spin off business units, an anti-Walmart precedent could add fuel to the movement. In Walmart's view, that's not a good thing.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Government's choke hold on law-abiding businesses (e21)
New York's Seapod pawnshops to pay $300,000 to settle EEOC harassment lawsuit (National Law Review)
ATF again under Republican fire (The Hill)

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NPBA Weekly NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601
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