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Home   About   Membership   Resources   Government Affairs   Meetings & Events Sep. 18, 2012

10 million U.S. households don't have bank accounts
CNN    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The number of people who don't have bank accounts is on the rise, as many households turn to alternative ways of getting cash — like prepaid cards, payday loans, pawnshops and check-cashing services. About 8.2 percent of U.S. households, or nearly 10 million, lack a bank account, according to survey results released by the Federal Deposit Insurance Corporation. That's up from 7.7 percent, or about 9 million households, in 2009. More
Related articles:
More Americans opting out of banking system (The Washington Post)
America to banks: We're just not that into you (TIME)
Who are the unbanked (CNN)

Pawnshops serving as money lenders
KNSD-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jeff Bernard, owner of Palace Pawn Shop tells the NBC TV affiliate in San Diego why people are turning to pawnshops for money lending. "I'm a banker for the under-banked and the un-banked," Bernard said. "I'm seeing more and more people living paycheck to paycheck, day-to-day."

Gold spikes, stocks surge to 5-year highs
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Federal Reserve just concluded its Federal Open Market Committee meeting, announced open-ended quantitative easing, and boosted its U.S. economic outlook. Markets were flat before the announcement, but now they're up. The S&P 500 is at levels that haven't been seen since early 2008. CNBC noted that the Dow is at levels we haven't seen since December 2007. More

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Nintendo's Wii U to launch Nov. 18, start at $300
The Associated Press via The Huffington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nintendo has a knack for changing the course of video games, appealing to the masses from kids to grandparents even if its technology isn't the most advanced. The creator of "Mario Bros." and "Donkey Kong" said that it will launch its first high-definition gaming console on Nov. 18 in the U.S., later that month in Europe and on Dec. 8 in Japan. It's the first major game console to launch in years. More

Pawnshop employee duct-taped, pawnshop robbed at gunpoint    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Wilmington, N.C., pawnshop was robbed at gunpoint early on Sept. 16. According to Wilmington police, two men came into OPM Pawn Company attempted to sell a television. Then, one of the men grabbed the pawnshop worker's arm and the other pulled out a gun and hit the man in the head. More

Pawnshop people: The good, the bad and the spooky
McCook Daily Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Every day was Halloween, but without the candy, is how Richard Budig described his life as a pawnbroker. Budig, who grew up in McCook, Neb., and now lives in Lincoln, has published a book, "Memoirs of Pawnshop Romantic," that chronicles the sometimes strange customers and situations he encountered through the years while he owned pawnshops in Lincoln and Omaha, Neb. More

Cajun Pawn Stars — Season 1
DVD Talk    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An obvious and unimaginatively conceived but still entertaining spin-off of "Pawn Stars," itself a high-concept reworking of earlier shows like "Antiques Roadshow," "Cajun Pawn Stars" is self-explanatory in the extreme. The program seems to have been spurred both by the ongoing success of the Las Vegas-set "Pawn Stars" and other reality shows set in the Deep South. More
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Woman sentenced for South Dakota pawnshop burglaries
The Aberdeen News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A woman who was the driver of a vehicle and lookout while three men stole 16 guns from Aberdeen, S.D., pawnshops last year was sentenced to eight years in prison. Keshia L. Wilson, 27, of Aberdeen previously pleaded guilty to two counts of burglary and one count of grand theft of firearms. She and three men, who have already pleaded guilty to similar charges and been sentenced to prison, were arrested after fleeing the state after the thefts. More

Gun sales hinge on Obama re-election
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As Cabela's Inc. prepares the selection of guns it will sell for the holiday season and winter hunting, the outdoor-gear retailer has two plans: one if President Barack Obama is re-elected, and one if he isn't. The Sidney, Neb.-based retailer and other companies in the guns-and-ammo business say if Obama wins a second term they are preparing for a surge in sales—the same as they saw after he was elected in 2008—from buyers fearful the president would back policies to make buying a gun more difficult. More


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Alleged crime ring uncovered at Cash for Gold stores; 7 people arrested
KTVK-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An alleged crime ring involving Valley gold-buying stores in Arizona was busted. Seven people from five Cash for Gold stores were arrested for trafficking stolen goods following a four-month-long investigation involving the pawning of stolen jewelry, according to Chandler police. More

DNA used to link man to guns stolen from Rochester, NH, pawnshop
Foster's Daily Democrat    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Rochester, N.H., man has been indicted on a charge of burglary after police used DNA testing to link him to a crime at the Seacoast Gun and Pawnshop on Highland Street earlier this year. More

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NPA Weekly NewsBrief
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