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Home   About   Membership   Resources   Government Affairs   Meetings & Events May. 8, 2012


Banks slash retailers' debit card fees
CNN Money    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With every swipe of a customer's debit card, small businesses and other retailers must pay transaction fees to the card issuer. But those fees have been sliced almost in half, due to a government cap that was imposed last year, according to a recent Federal Reserve report. … Before the cap was instituted as part of the Durbin Amendment, many small shops complained that transaction fees were excessive and cut into their revenues disproportionately. The amendment barely made it into the 2010 Dodd-Frank financial reforms after a bitter Congressional fight. More



White collar pawnbroker trades dollars for diamonds ... your Rolex, sports cars or fine art
Real Estate Weekly    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Forget reality television's "Pawn Stars," real estate now has its own pawnbrokers who'll swap your family silver for cold, hard cash. Less than two months after its launch in the U.S., borro has established itself in the new and emerging category of personal asset lending. More

Law would require Fulton, N.Y., pawnshops to register every item
WSYR-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fulton, N.Y., pawnshops have become a popular place for thieves. In the past month, police have seen an increase in people selling stolen goods at shops across Central New York. Now, the city of Fulton is stepping in with a proposed law to protect city pawnshops and people who have been victimized by thieves. More

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For the underbanked, online banking comes to tablets
Bank Technology News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Kindle Fire isn't as capable as the iPad and it isn't as connected as a smartphone — but its mix of price and features makes it extremely well suited to serve the underbanked. The prepaid card marketer Plastyc of New York is expected to announce an app for the Kindle Fire, Amazon's $200 Wi-Fi-only tablet. More

The neighborhood pawnshop revolutionized
Technorati    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In an ever increasing amount of online businesses, it was beginning to look like the neighborhood pawnshop would go the way of toy stores, hobby shops and the TV repair shop. Fortunately enough for those that may be in need, the pawnshop business has been reinvigorated and made a more convenient way to get funds when one needs it most. More



Trash, treasure and everything in between
Brattleboro Reformer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Since 1967, spring time for Bill Morse has meant one thing: It's time to re-open the Newfane Flea Market. "It's in my blood," Morse said of running the market. "We're one big happy family here." In its 45th year, the market grounds has seen its ups and downs, but many vendors said there may be renewed interest in purchasing antiques and collectibles after the success of television shows such as "American Pickers," "Storage Wars" and "Pawn Stars." More

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Gold price drops 3 straight months for 1st time since 2001
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. "Two months max" made for a great slogan and signal to buy on pullbacks, most recently in January 2010, your last chance to do so below $1,100, and April 2009, which was your last chance to buy below $900. Divide by 10 and we're talking about the price of the gold. More

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Spotsylvania, Va., may limit pawnshops
The Free Lance-Star via Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Thinking of opening a pawnshop in Spotsylvania, Va., County? If so, you may be running out of time. The board of supervisors, at the recommendation of Sheriff Roger Harris, is considering limiting the number of pawnshops in Spotsylvania to four. More

'Pawn Stars' staff backed in incident
Las Vegas Review-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Corey "Big Hoss" Harrison is defending his "Pawn Stars" staff after a lawsuit by a 62-year-old disabled veteran who claims he was roughed up. Harrison, 27, said he was speaking out because a number of wild media reports blamed his father, Rick, and his 71-year-old grandfather, Richard, "like they did some kind of tag team on this guy." More



4-year-old playing with handgun fires round into pawnshop ceiling in Alaska
The Associated Press via The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Police in Alaska say a 4-year-old boy was playing with a handgun at a pawnshop when he fired a round into the store's ceiling. Fairbanks, Alaska, Sgt. Bruce Barnett tells the Fairbanks Daily News-Miner that the child was in a pawnshop with his father. Barnett says while the child's father was talking to a store employee, the boy was playing with another employee's 1-year-old son. More


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