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Pawn to cushion payday lenders from regulatory blow
Reuters
Payday lenders that have substantial pawn operations are better positioned to absorb the blow from proposed U.S. regulations aimed at cracking down on an industry that has been criticized for saddling borrowers with debt they cannot repay. The Consumer Financial Protection Bureau has proposed a number of guidelines for the industry, including limiting the number of loans per customer to six per year.
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Suspect in Phoenix pawnshop holdup points gun at kids
KPHO-TV
A gunman in a pawnshop holdup in Phoenix ordered all of the victims to lie on the ground and then pointed his weapon at them, including two children, ages 5 and 12. One of the suspects in the March 17 robbery wore a Halloween mask, and the other two had their faces covered with black ski masks, police said. All three wore all-black clothing.
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Rick Harrison of 'Pawn Stars' aims to capitalize on crowds with Pawn Plaza
Travel Weekly
Many of Las Vegas' top attractions are tied to casinos: the Venetian’s canals, the Bellagio's fountains, Paris's model of the Eiffel Tower. But a few miles north on Las Vegas Boulevard, a significantly less glamorous landmark draws thousands of tourists every year. Drive past World Famous Gold & Silver Pawn Shop any given day and eager visitors stretch down the sidewalk, waiting for a tour of the shop made famous by the History Channel's "Pawn Stars" and hoping for a glimpse of one of the show's stars. But after they get inside and pose for a selfie or two, there isn't much to keep them on the stretch of Vegas between the Strip and Fremont Street.
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Darby, Pennsylvania, pawnshop owner duped by silver salesman
The Delaware County Daily Times
Police are looking for an alleged scam artist who they say cheated a Darby, Pennsylvania, pawnshop owner out of about $7,446 by selling him bogus silver bars. Authorities are looking for 53-year-old Nicholas Conchewski of Clayton, New Jersey. Police said he came into the pawn store on March 7 with 170 one-ounce silver bars encapsulated in plastic.
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Goffstown businesses say pawnshop ordinance would hurt
New Hampshire Union Leader via The Goffstown News
Business owners are claiming that an ordinance proposed by Goffstown, New Hampshire, police to regulate pawnshops and secondhand stores in town will hurt small businesses and place unnecessary burdens on them. "It could dramatically affect the business," said Albert Evarts.
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New pawnshop leads to proposed changes in Huntington, West Virginia's zoning laws
WSAZ-TV
A new pawnshop set to open is causing a bit of a stir among those who live nearby the business in Huntington, West Virginia. "I live on the South Side," Amy Ward said, "raised my kids there." Ward is one of many residents who were initially concerned with the news. As a real estate broker, she also has an obvious concern about property values.
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Nikon 1 J5 brings enthusiast features to tiny camera
NBC News
Nikon's 1 series cameras, named for the 1-inch sensor all of them use, has always been about maximizing size and convenience in an interchangeable-lens body. The new J5 brings several features that serious photographers could find useful — though the new 4K video mode leaves something to be desired. Right off the bat it's clear that the appearance and feel have changed, providing more of the retro look so prized right now. It's not just for looks, though — the faux leather and raised grips should make the camera easier to hold. The touch-enabled tilting LCD is far from retro, of course, and flips up for selfies.
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Law regulating pawnbrokers approved by a New York community
Ken-Ton Bee
The Erie County Legislature in New York recently approved a local law co-sponsored by Legislator Peter Savage, D-Tonawanda and Buffalo, regulating pawnbrokers and second-hand dealers. The law creates a countywide electronic reporting database to assist law enforcement in the recovery of stolen property.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Pawnbrokers report trends and steady industry growth (National Pawnbrokers Association)
Flexibility vital in pawnshop's success (The Republic)
Pawn Stars building shopping center next door to shop (KLAS-TV 8)
FDIC chairman will testify during Operation Choke Point hearing (ACA International)

Don't be left behind. Click here to see what else you missed.


 

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