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Don't overlook the regulatory abuses of Operation Choke Point
American Banker
A recent internal investigation cleared Justice Department attorneys of professional misconduct related to the controversial government program known as Operation Choke Point. But while the report essentially rubber-stamps the DOJ's billing of the program as an effort to crack down on illegal businesses and weed out fraudulent activity, the number of legal and licensed businesses that have been stripped of access to bank accounts since the beginning of Operation Choke Point suggests otherwise.
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As thefts rise, towns look to Worcester, Massachusetts, for model pawnshop law
Worcester Telegram & Gazette
Once you get buzzed into the locked showroom at LOAN USA, a pawnbroker and jeweler you see what looks like a retailer of primarily fine jewelry and musical instruments on one side and a bank teller window on the other. And that's in essence what the business is: It provides short-term loans at state-approved interest rates, using items like jewelry, instruments and electronics as collateral. If loans aren't paid off in four months, or if the customer opts to sell the item to the pawnshop, the pawnbroker holds onto the item for another month before reselling it.
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Twice the pain: Victims pay to recoup stolen items from pawnshops
Palm Beach Post
Shannon Felton thought her husband's racing bike was gone forever after she left the garage door open and it was stolen from her Florida home. So she was overjoyed when Palm Beach Gardens police called a couple months later to say they found it in a pawnshop and she could pick it up the same day. There was just one catch.
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Gold futures head higher after 2-session decline
MarketWatch
Gold futures headed higher after a two session decline, but analysts stressed caution after China's devaluation of its currency last week. December gold rose by $5.80, or 0.5 percent, to $1,118.50 an ounce on Comex.
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    Baltimore pawnshop operator indicted in $1 million eBay scheme
    The Baltimore Sun
    An Owings Mills, Maryland, man who operated a Baltimore pawnshop has been indicted by a federal grand jury for selling $1 million in stolen goods and fraudulently obtained gift cards on eBay. Noel Erick Anshel, 48, is accused of buying stolen items from "boosters," or shoplifters, then selling the items on eBay, often for less than full price, according to the indictment.
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    Austin, Texas, pawnshop company lures Rent-A-Center exec for key job
    Austin Business Journal
    EZCorp Inc. has a new president for its U.S. pawn business … naming Rent-A-Center president and chief operating officer Mitch Fadel to the position. Fadel joins EZCorp as the Austin-based chain of pawn shops and payday lenders begins to divest itself of its payday lending business, a move the company has said is motivated by increasing regulations in that area.
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    'Hardcore Pawn's' Ashley Gold keeps rowdy cast mates in line
    FOX News
    Tru Tv's "Hardcore Pawn" has to deal with a hardcore cast of characters and one cast member has to keep them all in line. That tough lady is Ashley Gold -- the daughter of patriarch Les Gold who owns the largest pawn shop in Detroit. The jewelry expert spoke to FOX411 about that other pawn shop show and why she’s all for more of them coming to TV.
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    Gunman robs EZ Pawn shop in Iowa
    Des MoinesRegister
    A gunman robbed a Des Moines, Iowa, pawnshop, leaving with an unspecified amount of cash, Des Moines police said. Employees of EZ Pawn told police that a man entered the store, went to a female employee and demanded the money in the safe.
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    Why Hong Kong pawnshops are far from fading
    EJ Insight
    Although often labeled as a sunset industry, the century-old pawnshop business is far from fading. There are 205 pawnshops in Hong Kong, up slightly over the past five years. Despite competition from financial companies and banks, many of which offer cheaper rates, pawnshops are the lender of choice for people looking to borrow small amounts.
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    Moneymakers: Artists at the US Mint
    CBS News
    In this past-paced world obsessed with earning money, and spending it, it's understandable why you might not take a minute to examine your spare change. But if you did, you might find those coins are miniature works of art.
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    NPBA Weekly NewsBrief
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