President Barack Obama fought to keep his proposed banking overhaul on track, casting the political struggle ahead
as one between big financial interests and average Americans victimized by complex or unscrupulous financial transactions. The president illustrated his call for a consumer finance agency by showcasing five unwitting borrowers and bank customers whose troubles ranged from massive overdraft fees to unwanted interest-only mortgages.MORE
President Obama is stepping up his campaign for an agency to protect consumers. Austan Goolsbee, a member of the Council of Economic Advisors, discusses the initiative.More
The back room of the Cash in a Flash pawnshop in Covington, Ohio, is stocked to the ceiling. On sturdy wooden shelf units, divided by a center aisle like a church, hundreds of people's valuables - guitars, electronics, tools, jewelry - are held as collateral for short-term loans typically no more than $60 or $80. Flat-screen
televisions rest on the floor, their screens faced away from foot traffic. The recession, though not necessarily a boon to the pawn business, has made pawnshops busier.More
The recession has forced a financial reckoning for Americans across the income spectrum. The pressure is especially acute for the low-income Americans who relied on borrowing for daily expenses or to gain the trappings of middle-class life. Shifting credit practices over several decades had enabled them to live beyond their means by borrowing nearly as readily as the more affluent.More
Rolland Safe Co. We take the safety of your customers’ valuables and your employees seriously. Your pawn loans can be protected in a high security, state-of-the-art Pawnsafe with multiple time delay drawers. Each drawer can only be opened individually. Each drawer has its own time delay lock.
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A small gas station in Palm Springs, Calif., has become a complex and a comfort zone for the economically and
emotionally disadvantaged. Haki Dervishi and his wife Linda Sue have owned the One Stop Pawn Shoppe since 1988. It includes a gas station and convenience store, a small taco shop and a free health clinic.More
Gold continued its record-setting climb, rallying to a fresh high as the dollar weakened. Gold rose to as high as $1,062.70 an ounce on the New York Mercantile Exchange before settling at $1,056.30, up $11.90, or 1.1 percent. Gold had plowed past its previous record, and has posted new highs each day since then. More
A family heirloom — a 10-gauge shotgun used by a former police chief in 1934 in a deadly gunbattle — has been recovered from a pawnshop in Sapulpa, Okla., authorities said. The 10-gauge shotgun belonged to Tom Brumley, who had it with him
when he was killed in the gunfight 75 years ago, Jo Brumley said. Tom Brumley and Sapulpa Police Officer Charles Lloyd were killed Feb. 3, 1934, after they cornered three notorious bank robbers. More
Pawnbrokers are perhaps one of the most ingenious businesses ever to be created. They offer a means to obtain items that someone with a limited income could never afford. Many of the pawnshops today do not hold with the older traditions. They hold with the traditions of the past where the customer is always right and the service is always excellent. More
On a daily basis, people go into secondhand stores, jewelry stores and pawnshops around the Rochester, N.Y., region with their belongings and walk out with cash in hand. And while economic downturn has wreaked havoc on the livelihoods of millions, it
has done gangbusters for the resale industry.More
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the
economy's recovery, according to new study. The survey of 44 professional forecasters released by the National Association of Business Economists found that 80 percent of the respondents believed the economy was growing again after four straight quarters of declines.More
The sign outside American
Coin & Jewelry Exchange in Fort Worth, Texas, is faded, but inside the wares are gleaming — and moving. Although the price of gold reached an all-time peak on world markets, more customers are buying than selling.More
Gold prices reached an all-time high -- bad news if you're in the market for some new gold jewelry, but great news if you're looking to unload some of your old or broken gold. WSYR reporters hit some pawnshops to find out how much consumers can make with just a handful of stuff you don't wear anymore.More
Precious Metals Refining Services Manhattan Gold & Silver has been a worldwide wholesale
provider in
precious metals refining services and recovery since 1985. Our
commitment to our customers and over twenty years of experience allows
Manhattan Gold & Silver to provide wholesale precious metals
refining services to pawnshops.MORE
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