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Home   About   Membership   Resources   Government Affairs   Meetings & Events Dec. 11, 2012
 
 
 

Eastern Connecticut pawnshop to donate wheelchairs this holiday
WXIX-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A pawnshop in eastern Connecticut is giving back this holiday season. A to Z Pawn in Norwich has been collecting dozens of electric wheelchairs, refurbishing them for the past years, and now they're looking forward to giving them away. Robert Palmer, 48, is inflicted with a rare form of osteoporosis, which is brittle bone disease. The electric-powered chairs have become his legs. More



Treasury Department unveil million dollar case against a
Renton, Wash., pawnshop

Northwest Cable News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. Treasury Department agents have filed a warrant and seized $163,089 from the bank account of a Renton, Wash., pawnshop, the same business profiled last month in the KING 5 Investigation "Trail of the Gun." Ben's Loan is a longtime Renton pawnshop that is also a federally licensed firearms dealer. The IRS warrant, unsealed in federal court in Seattle, does not mention firearms sales. But it does mention cash, lots of it. More

Special Note:
» » NPA urges all members to make sure that you are in compliance.
Dana Meinecke, NPA Executive Director



'Structuring' cash deposits is a federal crime
National Pawnbrokers Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Federal law makes it a crime to "structure" cash transactions "for the purpose of evading the record-keeping or reporting requirements of federal anti-money laundering laws." These laws are in addition to the cash reports that pawnbrokers are required to file against customers from whom the pawnbroker receives $10,000 or more in cash at a time or in a series of transactions over a 12-month period. More

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Pawning keeps bill collectors at bay for small businesses
U.S.News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There's certainly a bit of a stigma when it comes to pawnshops.Maybe it's the prevailing mental image of a seedy-looking storefront with flickering neon signs packed to the brim with everything from foosball tables to gold dental caps. Maybe it's the stereotypical shop owner who might be trying rip you off. "It's an industry that people had a perception that you dealt with crackheads or drug dealers and everything was stolen," says Les Gold, owner of Detroit-based American Jewelry and Loan, and star of the hit reality show Hardcore Pawn. "It was a dark, dingy store." More

Hardcore Pawn: Chicago to premiere on truTV Dec. 18
HULIQ    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Hardcore Pawn has been a wildly successful program for truTV, focusing on the Gold family and their American Jewelry and Loan in Detroit. Now, truTV is expanding this fan-favorite with the all-new series Hardcore Pawn: Chicago. Hardcore Pawn: Chicago will take viewers behind the scenes at Royal Pawn Shop, known as the "baddest pawn shop in Chicago," truTV indicates. Royal Pawn Shop is one of the city's oldest and largest establishments in the pawn and gold-buying business, and is owned by brothers Randy and Wayne Cohen. More

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Small businesses wonder if Supreme Court case will hurt second-hand sales
The Associated Press via The Patriot-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The unusual lawsuit — involving the resale in the United States of copyrighted works produced abroad — could raise troubling questions for all sorts of organizations. Affected could be used-book sellers, online service providers, auction houses and perhaps even museums, libraries and individuals. "All a publisher would have to do is see a book that we've offered on our website that's (foreign-made) and possibly bring a lawsuit against me," said John Schulman, co-owner of Caliban Books, a used-book seller in Oakland, Pa. He estimates about half his sales are produced abroad. More

Rachel May: 'Hardcore Pawn' star releases band CD
Detroit Free Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Some of you may know Rich Pyle as the store manager at American Jewelry & Loan, the pawn shop featured in the Tru TV series "Hardcore Pawn." What you may not know is that he's also the drummer in the hard-hitting local rock band SuperLast, which will celebrate the release of its newself-titled CD on Friday at the Magic Bag in Ferndale. "I consider myself a musician way before I consider myself a person on TV," Pyle says. More



Gun sales booming
The Decatur Daily    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Many in the firearms business say President Barack Obama has been the best thing to happen to their industry in years, and it's not because he supports gun ownership. Obama, a Democrat who won election to a second term in November, is perceived by many pro-Second Amendment activists and gun owners as a threat to private firearms ownership. In reality, the president has taken a nearly hands-off approach to domestic firearms laws. More

Gold inches up as Fed seen to stay accommodative
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold inched up as a drop in the U.S. unemployment rate did little to dampen expectations that the Federal Reserve will maintain easy monetary policy when it meets later this week. Investors are watching progress in the U.S. fiscal talks and potential political uproar in Italy, which could jolt the market where liquidity is starting to thin as traders close books before the end of the year. More

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Cash America Super Pawn Store in Glendale, Ariz., robbed by 5; $1,000 cash reward to help catch them
KNXV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Police are asking for the public's help in finding five people who robbed a pawnshop in Glendale, Ariz., last month. A $1,000 reward is being offered for any information that would lead to the arrests. More

DFC expands pawnshop acquisitions in the UK
Rapaport    Share    Share on FacebookTwitterShare on LinkedinE-mail article
DFC Global Corp. recently acquired 10 more pawnbrokers in the U.K., which reside in high-population centers and visible locations, where it identified strong ALICE (asset limited, income constrained, employed) and ARTI (asset rich, temporarily illiquid) populations across northern and southern England. More

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