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Home   About   Membership   Resources   Government Affairs   Meetings & Events Sept. 27, 2011

South Florida pawnshops shed industry's image
Sun Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Natural light streams through the store's windows to settle on an abstract painting stretching across the back wall. A diamond-studded Hublot watch, which rappers Kanye West and Jay-Z name-dropped on their new album, sparkles inside a low-slung jewelry case. A futuristic red Honda Rune motorcycle gleams in the corner, and a pair of pink Jimmy Choos in a window display await a fashionable new owner.

This isn't your father's pawnshop.

Cleveland pawnshops riding the reality TV wave
WEWS-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Uncle Ben's Pawn Shop in downtown Cleveland is ancient in local terms. Lou Tansky's father, Ben, opened the shop containing his name in 1946 after he returned home from serving in World War II. Ben Tansky started his shop and then set up his father with Pop's Pawn Shop, and thus started five generations of the Tansky family in the business.

Chasing the predators away
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On Monday, in Bloomington, Ill, a "Stop the Loan Sharks" rally will encourage local lawmakers to institute a 36 percent rate cap to protect citizens from the payday lending trap. Meanwhile, Kansas City, Mo., and New York City join the growing ranks of those offering responsible small-dollar loans.

Pawnshops in Boulder, Colo., see rise in business,
society's struggles

Daily Camera    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Vicki Kruger was injured in a car accident more than 20 years ago. It left the Longmont, Colo., woman with "cognitive defects," she says, which makes it almost impossible to keep her attention focused for more than an hour. The 54-year-old doesn't have a job, but she receives a check each month to cover expenses. Her youngest son turned 18 last year, which slashed nearly $450 from her monthly disability check after he became an adult. Kruger's budget has no wiggle room ... Kruger turned to a local pawnshop for help. More

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State of Washington pawnshop owner returns stolen Rolex — again
Kitsap Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When two men tried to sell a Rolex watch recently at Callow Pawn and Jewelry in Bremerton, Wash., owner Dick Maurice knew almost instantly that it was stolen. It was a case of déjà vu. It was the second time that Rolex had been stolen from a man who frequents Maurice's store. And the second time someone had attempted to pawn it there. More

Pawnbrokers — The original recession proof business
The Franchise Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While the welfare state brought with it a decline to pawnbrokers in the mid-20th century, recent public spending cuts and the economic climate have further accelerated the industry's growth. With the banks unwilling to lend, savvy consumers are realizing the merits of a pawnbroking loan and with this demand for alternative credit comes a great business opportunity. The number of pawnbrokers in the United Kingdom confirms this, as it continues to rise at around 10 percent per year. More

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Ohio pawnshop thieves caught in bold burglary
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Five people were arrested after being accused of stealing guns from a Columbus, Ohio pawnshop. Police said security cameras inside that shop caught the burglars rummaging through the store.

Business is booming for area pawnshops, thanks to TV show
Fremont News Messenger    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Today, reality TV shows like "Pawn Stars" and "Hardcore Pawn" have helped to dispel that image and bring pawnshops into the mainstream. Combine new interest with the stagnant economy, and the industry has been booming. More

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Faber: Gold could fall to $1,100
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The price of gold, which has fallen in recent weeks as part of a broader market sell-off, has even further to fall, Marc Faber, author of the Gloom Boom, and Doom Report, told CNBC. Faber, who said that the recent sell-off had come about following nervousness about industrial metals, added that a 40 percent correction wouldn't surprise him. More

One guilty plea, but no deal on other suspect
in Arkansas pawnshop killing

KLRT-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of the two people charged in the murder of a Cabot, Ark., pawnshop owner takes a deal from the state. The family of Billy Joe Pipkin thought both the husband and wife charged in their loved ones murder would plead guilty but that didn't happen. David Derreberry, 37, said "no" to a deal Thursday from the state that would keep him off death row but land him in prison for the rest of his life.

How a pawnshop works
The Northwest Indiana Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
According to Ameripawn pawnshop owner Greg Engstrom, pawnshops have always filled the gap in loan providers. But today, loan seekers are going through one of the most difficult lending periods in recent history, and pawnshops are willing to make loans other lenders wouldn't. "A lot of people need the pawnshop right now, and we're the only lender that wants to lend to them," adds Engstrom, whose shop is located in Valparaiso, Ind. R More

Scottsdale, Ariz., updating resale-industry regulations
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Scottsdale, Ariz., is updating its ordinance regulating the city's 143 secondhand dealers, pawnbrokers, consignment businesses and auction houses to enhance the Police Department's ability to identify stolen property. The ordinance was last updated in 2004, and some businesses haven't been reporting their transactions to police, said Cmdr. Scott Popp with investigative services. More

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NPA Weekly NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
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