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Home   About   Membership   Resources   Government Affairs   Meetings & Events July 13, 2010

Detroit pawnshop gets TV series
Detroit Free Press    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Starting Aug.16, Detroit's own Les Gold and his family, the owners of American Jewelry and Loan on the city's northwest side, will be the stars of a new reality show on TruTV called "Hardcore Pawn." It will compete on Monday nights with "Pawn Stars," the hit History Channel show featuring the Harrison family of Las Vegas and its Gold & Silver Pawn Shop. More

Pawnshop owner to seek relief from Des Moines, Iowa, moratorium
The Des Moines Register    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The owner of a chain of pawn shops based in Minnesota will seek relief from a six month freeze on the businesses at tonight’s Des Moines City Council meeting in Iowa. In mid-May, the City Council enacted a 180-day moratorium on new pawnshops and payday lenders amid growing concerns about their proliferation in Des Moines. City leaders are examining long-term zoning changes that could require separation distances between the businesses and cap interest rates for loans made by pawnshops. Language in the Iowa code appears to give municipalities the ability to regulate interest rates on loans given by pawnshops, city officials said. More

A modern day gold rush
Bloomberg Businessweek via MSNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fear of financial collapse has enhanced gold's glitter, with prices soaring more than 300 percent the past decade, including 30 percent just in the last 12 months. And just as strong U.S. real estate prices a few years ago created a burgeoning ecosystem of entrepreneurs exploiting that bubble, gold's surge has led to a new crop of prospectors seeking gold and the business around gold. More

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Great deals can be found in pawnshops during recession
FavStocks    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The United States is slowly climbing out of its recession, and calling the consumer credit crunch tight may be the understatement of the past two years. Many Americans cannot get financing for much needed purchases like new cars or to pay their bills. American small businesses, the backbone of the country’s consumer driven economy, must turn to other sources of financing when banks cannot fill the need. Pawnbrokers and pawnshops can fill that need and are still lending money to individuals and businesses during this economic crisis even when banks have long since stopped. More

Road to 'Pawn'
New York Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Rick Harrison, the unlikely star of this year's most unpredictable TV hit, "Pawn Stars," had to fight his way into the business that has now made him famous. Over the years, his family has tried its hand at everything from a sandwich shop to a string of payday-loan stores — waging battles with competitors and the city of Las Vegas all along the way, Las Vegas city records show. "Rick is certainly a very hard worker and a visionary," said Las Vegas resident Ed Koch, a longtime customer of the Harrisons' Gold & Silver Pawn shop and a customer of their payday-loan store before that. More

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Southeast Wisconsin communities peering at pawnshops
Milwaukee Journal Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Several municipalities in Southeast Wisconsin are trying to get their arms around a perceived proliferation of pawnshops selling used jewelry and gold. The powers that be have decided that the stores have a relation to home burglaries, which in the city of Milwaukee, have actually decreased in recent years. More

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Indictment in pawnshop slaying
The Augusta Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Richmond County grand jury in Georgia has indicted an Augusta man in the April slaying and robbery of a south side pawnshop owner. Clinton Shelton, was indicted on a variety of counts including murder, armed robbery, burglary in the death of James Benny Tidwell on April 19. Shelton was charged with killing Tidwell in his store, Mo Money Jewelry & Pawn in Augusta, Ga. More

O'Fallon, Mo., seeks to restrict pawnshops
St. Louis Post-Dispatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnbrokers who want to do business here may soon face new restrictions aimed at keeping them out. O'Fallon city officials in Missouri will introduce a bill targeting pawn shops designed to preserve property values and limit crime. The bill would add pawnshops to the city's ordinance that already places restrictions on payday loan and check-cashing stores. More


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