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Attention NPA Members: FDIC issues clarification
National Pawnbrokers Association
From the beginning of this year, and especially during this past month, many of you have reported receiving a notice from your bank stating that your accounts would be closed in 30 to 60 days with little to no explanation or reasoning for this action. The NPA understands that Banking services are vital to your business and many of these banking relationships have been in place for decades.
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See related story:
NPA member alert concerning 'bank discontinuance' notices (National Pawnbrokers Association)




Operation choke point
Competitive Enterprise Institute
Can the government shut down legal but politically disfavored businesses? If an ongoing federal regulatory campaign continues, that may be precisely what happens. In recent months, a federal government regulatory initiative called Operation Choke Point has gained increased public and media attention. Operation Choke Point is ostensibly a joint effort by various regulatory entities — the Department of Justice, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation most prominent among them — to reduce the chances of Americans falling victim to fraud in a variety of "high-risk" industries, predominantly payday lending.
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San Francisco Provident Loan Association, Silicon Valley's luxury high-end pawnshop, provides a lending alternative to small business owners and private individuals
PRNewswire via Consumer Electronics Net
San Francisco Provident Loan Association has remained a cornerstone for small business owners and private individuals in San Francisco by performing above and beyond the industry standard. Studies done by industry gatekeepers show that SFPLA provides better service for those seeking an alternative solution to traditional banking as proven by a recent Business Insider study.
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Feds sue New York City pawnbroker, say women there called 'whipping slaves'
Reuters
A New York pawnshop chain, whose owner was accused of calling female employees his "whipping slaves" and promising "to make babies with all" of them, was sued for harassment by the U.S. Equal Employment Opportunity Commission. The lawsuit against Seapod Pawnbrokers, with stores in Brooklyn and Queens, said five of the women were fired after they complained that owner Frank Morea regularly spewed racial and sexual epithets at them.
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Stolen WWI gas mask found in pawnshop after missing nearly 100 years
The Associated Press via The Washington Times
A World War I gas mask stolen from the Wyoming Capitol and missing for almost a century is on display in Cheyenne again after a South Dakota pawnshop donated it back to the state. The German gas mask originally got to Wyoming by way of U.S. Army Sgt. Robert O. Pennewill, who served in the war. The gas mask was part of a large collection of World War I items displayed in the Wyoming Capitol in the years after the war.
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GameStop requiring fingerprints at Philadelphia stores
WXIA-TV
A video game chain is requiring customers in Philadelphia to provide a fingerprint scan on some transactions. GameStop says it is following a local law that allows them to collect fingerprints, which then go into a database used by law enforcement to help track down people selling stolen goods.
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The high cost of client secrets
Financial Planning
To underscore just how much businesses have to lose by keeping secrets, I sometimes tell the story of one of my clients — the co-owner and chief operating officer of a fifth-generation pawnshop, writes financial expert Kimberly Foss. I'm going to call him Steve; he was my client for 20 years.
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Ohio pawnshop owner got break in federal case
Dayton Daily News
A Moraine, Ohio, pawnshop operator accused of a scheme to knowingly buy and sell stolen goods not only got a break on a 2006 federal sentence for a similar scam, he got his probation reduced. Jeffrey Rich pleaded guilty to wire fraud in a U.S. District Court case in 2006. The prosecutor in that case, Greg Lockhart, recommended that Rich's sentence be less than guidelines indicate because of the "substantial assistance he has provided to the United States."
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600 retailers ensnared in major new malware attack, cybersecurity firm says
TIME
The number of businesses ensnared in a new malware attack revealed in a Department of Homeland Security report may run to 600, according to a cybersecurity firm that helped DHS prepare the report. Hackers are using point-of-sale malware to steal consumer payment data, including credit and debit card information, from businesses that use remote desktop applications, according to the DHS report. The department is now investigating the breaches.
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4 ways to retrain your brain to handle information overload
Fast Company
We live in an age of information overload. While many of us find ourselves inundated with vast amounts of data daily, our fast-paced society also requires us to make more rapid decisions. Psychologist and behavioral neuroscientist Daniel Levitin, author of the upcoming book The Organized Mind: Thinking Straight in the Age of Information Overload, says information overload creates daily challenges for our brains, causing us to feel mentally exhausted before the day's end.
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Gold price risk still to downside
MINING.com
The gold price tried to regain the psychologically important $1,300 an ounce level after slightly disappointing jobs number out of the U.S. and a losing streak on Wall Street sent investors back into gold.
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Ohio pawnshop owner arrested in buying/receiving stolen property operation
WHIO-TV
A raid at Moraine City Pawn and a search of the owner's Ohio home in Kettering have culminated in the arrest of the owner and the recovery of items believed to have been stolen from area retail outlets.

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Indian gold jewelry exports sink
Resource Investor
Data compiled by the Gems and Jewelry Export Promotion Council suggests a huge drop in gold jewelry exports through the country's Special Economic Zones.

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3 new tips to grow your business with Google My Business
Inc.
Are you discouraged by the constant updates in the world of Internet marketing? Confused by all the social media and Internet marketing platforms you are expected to use? Don't be! Though Internet marketing can be overwhelming, just a little patience and experimentation will provide you the best return on your investment.

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Smash and grab robbers arrested in NE Houston
KPRC-TV
Houston police have arrested two men accused of leading officers on a chase after a smash and grab robbery at a pawn shop. According to police, the robbery happened at Cash America Pawn in northeast Houston.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Du Quoin, Illinois' new pawnshop opens under weighty ordinance with 5 pages of city rules to follow ( Du Quoin Evening Call)
Cash America's 2Q profit — 17 percent to $21 million (Rapaport 's Diamonds.net)
IRS wants Pennsylvania pawnshop owner to give up silver, cash (The Tribune-Democrat)

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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