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NPA Weekly NewsBrief
Sept. 2, 2008  
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The Pros & Cons of Pawn Shops
from The Columbus Dispatch
A new state payday-lending law hailed by consumer advocates as one of the best in the nation began Monday, but lenders in Ohio can pretty much ignore it for now. A key section of House Bill 545 is on hold because a payday coalition filed more than 400,000 signatures with the Ohio secretary of state's office today in its effort to qualify a referendum for the November ballot. More

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Our View: Who Should Pay? Cops, Not Pawn Shops
from The East Valley Tribune
Pawn shops are the original check-cashing stores and tend to be viewed in a similar bad light, at least until someone needs some money in a hurry and is willing to temporarily part with a precious item to get it. But the perceived unpopularity of pawn shops doesn't mean they should be subjected to special taxes under the rubric of improving public safety. More

Ace Folds a Hand
from the Fort Worth Weekly
Ragged children play in a San Antonio alleyway dotted with clothes hung out to dry and a strutting rooster. An artist captured the scene in 1932, an impressionistic look at life in one of the stateís hardscrabble pockets during the Great Depression. This latest addition to A.C. ďAceĒ Cookís multimillion-dollar Hock Shop Collection of early Texas art isnít the most valuable or sought-after, but itís important because itís probably the last. More

Gold Futures Gains on Weak Dollar, Oil Advances
from the International Business Times
Gold futures gained for a second session last week as the U.S. dollar fell against the euro, boosting dollar-denominated gold prices, while higher crude prices also increased the metal's investment appeal. More

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The PawnGuard has 35 individual drawers. It takes time to open each one, and they can only be opened one at a time. With time-delay enabled, it takes even more time between drawers. The bad guys depend on fast, lucrative and small targets, and that's why jewelry is a primary target. And that's why PawnGuard keeps you protected. It takes time. More info



Face-to-Face with Jim Bassett: Silver Dollar Pawn Shop Owner in N.D.
from Grand Forks Herald
A trip inside the Silver Dollar Pawn Shop in Grand Forks, N.D., is kind of like visiting a thrift store, a flea market and a bunch of garage sales all rolled into one, minus the broken kids toys and second-hand clothes. More

Pawn Shop Feels Economic Pinch
from Monterey County Herald
Monterey County, Calif., pawn shop owner Keven Pedersen says more people are getting loans and not coming back for their items, leaving the shops with unclaimed goods. He is making 20 percent more loans this year than a year ago. More

Slow Economy Can Bring Opportunity
from the Indianapolis Star
In tough times, sell harder. Many small companies are adopting this strategy to cope with declining sales, according to the latest report on small business trends from the National Federation of Independent Business. What else are companies doing? Forty-four percent of owners are spending more time at work and most business owners are paying closer attention to cash flow. Twenty percent have reduced, postponed or canceled a planned investment or reinvestment in the last six months. More

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Pawning to Pay the Bills
from Northeast Mississippi Daily Journal
Across the country, pawn shops are seeing business increase as people look for ways to get a few extra bucks. Northeast Mississippi is no different, say area pawnbrokers. The most popular items to pawn at local pawnshops include firearms, televisions, jewelry and tools. Game consoles, electronics and lawn mowers also are commonplace. More

Judge Says No Time to Clarify Payday Lending Ballot Summary
from The Wall Street Journal
Superior Court Judge Sam Myers ruled last week that Arizona Secretary of State Janice Brewer does not have to clarify the language summarizing a payday lending-industry backed measure that will appear on the ballot this November. The ruling means that the essential effect of the measure, which would provide payday lenders a permanent exemption from the state's consumer loan cap of 36 percent and allow them to charge 400 percent interest permanently, will go unexplained as voters mark their ballots on Election Day. More




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