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Home   About   Membership   Resources   Government Affairs   Meetings & Events Nov. 8, 2011

Test of debit cards for US tax refunds to poor suspended
Bloomberg via Chexar Networks    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Treasury Department says it has suspended for at least a year a pilot program in which low-income earners received their tax refunds on Green Dot Corp. debit cards after fewer than 1 percent of those invited enrolled. The program stems from a provision in the Dodd-Frank Act to increase access to mainstream financial institutions for low-income families, who are more likely to lack access to banks and obtain refund anticipation loans that critics say are a form of predatory lending because they carry high interest rates. More

Weak economy is a boon for this pawn services company
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cash America International continues to benefit from the weak economy, recently reporting strong third quarter results that included an 18 percent increase in earnings from last year. With a bullish growth projection and high industry rank, this Zacks No.1 Rank stock is cashing in on momentum. Cash America International provides specialty financial and pawn services in the United States and Mexico. The company was founded in 1984 and has a market cap of $1.65 billion. More

EBay's 'buy it new' rebranding angers devoted used goods sellers
Aol Daily Finance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As companies like Netflix and Facebook have learned, having a rabid Internet fan base has its downsides. Probably no company is more aware of that than eBay, an Internet pioneer with 90 million active users. It's not always easy to satisfy them all. The site angered some of its devoted users this holiday season with its new slogan, "Buy it new. Buy it now." The company's first big marketing effort in two years aims to seduce shoppers using iPhones, Androids and other mobile devices with its wealth of brand-new, brand-name items. Many longtime sellers of used goods on eBay claim that the marketplace's focus on new products hurts their business. More

Reality TV shows spawn American collectible craze via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The show that started it all, Antiques Roadshow, which debuted in the U.S. some 15 years ago, has spawned a whole new breed of TV programming that uses blind bidding wars and junkyard jockeying to up the emotional ante on the thrill of the hunt. Such shows, including A&E's Storage Wars and the History Channel's American Pickers and Pawn Stars, have frequently ranked among the top 10 cable shows on Nielsen Co.'s weekly TV ratings. More

US adds a modest 80,000 jobs; rate drops to 9 percent
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail
Could have been worse. That was the reaction to the government report that the nation's employers added just 80,000 jobs in October. While the pace was not exactly robust, it was better than over this summer, when monthly hiring fell to 20,000. More

Authorities in Phoenix seek 6 accused pawnshop scammers
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Chandler, Ariz., police seek the public's help in locating people accused of ripping off pawnshops in fraudulent jewelry transactions across Maricopa County and other states to feed their drug habits, police announced. Investigators said the schemes yielded $150,000 in Arizona alone, and $500,000 altogether from Arkansas, Louisiana, Texas, and throughout the southwestern United States. More

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All that glitters
The North Bay Bohemian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The new American gold rush is on, though scarce is the prospector with a pan, shovel and pickaxe heading toward the virgin countryside to break dirt. Contemporary precious metal hunters are instead combing through dresser drawers, jewelry containers, boxes, buckets and other dusted receptacles stowed away in the neglected corners of their own households. And rising in conjunction with this new crop of domestic prospectors is a burgeoning industry of "cash for gold" precious-metal buyers, who are popping up in commercial neighborhoods, shopping malls, hotels, outdoor entertainment venues — even supermarkets. More

Online pawning: New website makes it easy to free-up cash
WHO-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There is a new option for people who have bills piling up and holiday expenses around the corner. "Every so often, things come up and you need money fast." said Founder Todd Hills. "We help people kind of get through that financially. And it just really seems like that during the holidays there's a lot of pressure on household cash flows."

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Pawnshops help people in tough economic times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Changes at local pawnshops give a small glimpse into how the recession is hurting the middle class. Despite the Hollywood image of the seedy pawnshop full of stolen goods, pawnbrokers throughout California are now catering to higher income clientele. This change is due in part to a rising need among the long-term unemployed who need cash to pay their bills, according to Emmett Murphy, spokesperson for the California Pawnbrokers Association. More

New zoning rules in South Salt Lake, Utah
KTVX -TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
South Salt Lake, Utah, is on a mission to clean its "image". The city council passed new zoning rules to do just that, but they are generating mixed feelings. People interested in opening a business like a pawnshop or tattoo parlor would all be affected.

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NPA Weekly NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Yvette Craig, Sr. Content Editor, 469.420.2641   Contribute news
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