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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 28, 2011

New dawn for pawn: Used-goods business up
The Repository    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It could be television, the economy or the market, but vendors who deal in used goods are seeing an uptick in business. Long a haven for starving musicians between gigs, pawnshops are seeing an increase in business. "I'd say loans are up 15 or 20 percent from a few years ago," said Aaron Moulin, manager of Morris Loan in Canton, Ohio. More

Pawnshop owner finds stolen war medals
The Press-Enterprise    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When John Geurts was going through a pile of items brought into his shop this spring, he never expected to find a piece of American history and a missing link between an Idyllwild family and their war hero father. Geurts, owner of the Chaparral Coin Shop in Murrieta, Calif., opened a tackle box and found, stashed away in the corner, a Medal of Honor — the highest award that can be given for combat bravery and heroism. More

Agency outlines role
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The new consumer-finance agency outlined six areas that could be subject to its supervision, including debt-collection firms and prepaid-card companies, as it asked for public comment on which nonbank financial firms it should oversee. The Consumer Financial Protection Bureau's announcement marked a first step in its effort to police firms that largely have escaped federal scrutiny. The agency was set up last year by the Dodd-Frank regulatory-overhaul law. More

A couple of Pinellas, Fla., jewelers offer pawn loans for the well-heeled
St. Petersburg Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nestled in a quiet retail center long favored by high-income shoppers, the Gold and Diamond Center is a favorite source of diamond earrings, Rolex watches, gold trinkets and even the 5-carat sapphire engagement ring for Florida's former first lady. But these days the jewelry store is providing another surprising product: jewelry loans for those in need of quick cash. More

The Cosmopolitan of Las Vegas — Pawn Expo's 2012 home — earns Grand Prix design honor
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The digital interior design of a swanky new Las Vegas hotel took the top prize in the design category at the Cannes Lions International Festival of Creativity. Digital Kitchen transformed The Cosmopolitan into a multimedia wonderland with 500 varying displays — depicting everything from giant shelves of virtual books to shadowy figures of human bodies — set up throughout the casino, lobby, elevators and 65-foot LED marquee. More

TV shows highlight pawn world, while local business stays steady
St. Cloud Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnshops aren't only for those looking for a good deal or some quick cash — they're also for queens and stars. While reality shows such as the History Channel's "Pawn Stars," TLC's "Pawn Queens" and TruTV's "Hardcore Pawn" are reaching top ratings nationally and are popular among some St. Cloud, Minn.-area residents, owners and managers of pawnshops in St. Cloud say their business hasn't really been affected by the extra attention. More

Shutdown could be a curse for some, a blessing for others
St. Paul Pioneer Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Social workers and the mentally ill, construction workers on public projects, state office workers, the unemployed - many folks are negatively affected when state government shuts down. So who, if anyone, benefits? The wide-ranging answer likely includes malls, second-run movie theaters, city parks and libraries, at least in the short term. Others anticipating some gains from the political fallout are a lucky few attorneys, consultants and banks, as well as pawnbrokers and "payday" lenders. More


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Leads being sought in murder, reported burglary of Mississippi pawnshop owner
The Wayne County News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The investigation into the death of an 65-year-old Ellisville, Miss., man and its connection with the burglary of a Waynesboro, Miss., pawnshop that he owned and managed continued with authorities from multiple jurisdictions — including the Waynesboro Police Department — still looking for any available leads in the case. More

Chicago-area community restricts pawn, cash-for-gold shops
The Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An ordinance passed unanimously by the Chicago Heights City Council restricts the number of pawnbroker and precious metal and gem broker licenses that can be issued in the city. City Attorney T.J. Somer said the state of the economy has resulted in the city receiving an influx of applications for pawn shops, second-hand dealers and cash-for-gold type businesses. More

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Rich drive demand for pawnbrokers
Financial Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bentleys, Rolex watches and Titanic memorabilia are becoming unlikely cash machines as individuals and small business owners turn to pawnbrokers amid the biggest lending drought for years. Unable to secure short term credit, the well heeled are pledging big ticket items that would normally never trouble an institution once seen as the last resort for the terminally cash-strapped. More

Pawnshop theft caught on camera
WCMH-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Columbus Police and Central Ohio Crime Stoppers are looking for a man they believe stole a bracelet from a local pawnshop. An employee became distracted, at which point, security video shows the suspect reaching into the back of an unlocked display case and taking a bracelet. More

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Off-duty San Antonio cop foils would-be pawnshop robbery
San Antonio Express-News via Beaumont Enterprise    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An off-duty San Antonio security guard was shot in the buttocks when he exchanged gunfire with a man accused of trying to rob a pawnshop, shooting him in the torso. Police said the suspect walked into the EZ Pawn in the in San Antonio shortly after 7 p.m., pointed a gun at the roof, and declared, "This is a holdup." More

Pawngo brings the high-class hock online
Las Vegas Weekly    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Thanks in great part to the Vegas-based hit show "Pawn Stars," the stigma attached to hocking your commodities for cash is becoming a thing of the past. But for the once-wealthy who have fallen on hard times, the thought of having to walk into a shop and lay their goods on the counter is still less than palatable. More

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Council cracking down on pawnshops in Memphis, Tenn.
WHBQ-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Take a drive down Summer Avenue in Memphis, Tenn., and you'll find plenty of pawnshops. In fact, there are at least nine pawnshops within just 4 miles in one neighborhood. It's a picture City Councilman Jim Strickland was trying to get everyone to envision during recent discussions of letting another one set up shop. More

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