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NPA Weekly NewsBrief
Aug. 11, 2009  
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Cash for This, Cash for That: You Name It, They Want It
from The Washington Post
Toiling away in the face of recession – no act of Congress to help him -- Jeffrey Aronson and company single-handedly pumped $100 million into the economy. They had advertising (MC Hammer during the Superbowl), an office (the size of a football field) and an idea (give us your old jewelry, we'll give you cash). They called it Cash4Gold. The name had a ring to it, and it caught on. More

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OPEN LETTER Senate Bill 500 and H.R. 1608
from Pawn Shops Today
Pawn Brokers are the only answer to micro finance. This fact was recognized by the Department of Defense in implementing regulations for the 2006 Talent Amendment which imposed a 36 percent APR loan cap to active duty military personnel and their dependents, which exempts Pawn Brokers. Each day we step up and make the only no qualifying, no credit, non discriminating loans that banks and lending institutions have no interest in. More

Pawnshop 101
from St. Joseph News-Press
It's not yet 10 a.m., and there already has been a regular stream of customers coming into the American Goldmine Pawn Shop in St. Joseph, Mo. They are busy browsing through the bright and sparkling shelves of 10,000 CDs and DVDs, walls of TVs, stereos and electronics, dozens of electric guitars and other musical instruments, washing machines, tools, fishing poles, the mega jewelry counter and endless shelves of other merchandise that fill the building. More

An Ultraviolet Light Invisible Ink Pen is Priceless
from Air Soft Gun
If you are looking for ways to help identify your belongings in the event that they are stolen or otherwise mislaid, you should consider using a UV invisible ink pen. These items are relatively inexpensive and can be used to mark your property with a special identifier. This has the advantage of not defacing your item as the ink cannot be seen with the naked eye. More

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Recession Brings Goldrush for Leeds Pawnbrokers in England
from Yorkshire Evening Post
People are pawning their jewelry to survive the recession. Pawnbrokers firm Ramsdens in England, with four stores across Leeds, is now mounds of gold a week from customer. The chain is also expanding faster than at any time since it opened its first store 50 years ago and will open its fifth Leeds store this month. More

Intrusion Alarm Technology Isn't Slowing Down Yet
Alarm systems have been around for decades, so is this side of our industry still actually progressing? Is the technology getting better? Are installation times getting faster? Is the intrusion business staying current with home and business trends today? More

Online Payday Loans – Has the Credit Crunch Hit Your Wallet?
from BusinessWeek
Online payday loans have seen quite the increase in interest since the credit crisis began. There has always been an interest in payday loans but now the fact that so many people have seen their credit scores fall apart has caused much greater interest. Sometimes Americans just want a quick payday loan to get ahead on their bills. They do not want to have to deal with a bank or any type of other financial institutions. More

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Maryland Pawnbrokers Fined
from WBAL Radio
The Department of Labor, Licensing and Regulation announced the Secondhand Precious Metal Dealers and Pawnbrokers Program obtained civil settlements in eight cases amounting to $11,000 in fines against dealers who trade in gold and other previously-owned precious metals. The dealers stipulated to failing to properly report their acquisitions to the police departments, obtaining a license, or maintaining the proper business address. The cases were referred to DLLR by the Anne Arundel and Montgomery County police pawn units and the Frederick County Sheriff's Department in Maryland. More

Pamida CEO to Take Ezcorp Job
from Omaha World-Herald
The president and chief executive officer of Omaha-based Pamida Stores Operating Co. LLC will leave his position Aug. 29 for another job. Paul E. Rothamel, CEO of the regional retailer that operates general merchandise stores, has accepted a job as executive vice president and chief operating officer at Ezcorp Inc., an Ezcorp spokesman confirmed Friday. The Austin-based company in Texas operates pawnshops and loan stores. More

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U.S. Unemployment Rate Drops Slightly
from the Los Angeles Times
The U.S. unemployment rate dropped slightly to 9.4 percent in July, another indication that the deep recession is easing. The rate went down from 9.5 percent in June – the first decrease since early 2008 – despite the loss of 247,000 jobs nationwide as even more people stopped looking for work, the Labor Department reported. Although the job loss is continuing, and forecast to continue into next year, the pace has slowed considerably. The economy lost 467,000 jobs in June and averaged 645,000 jobs lost a month from November through April. More

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Wyoming City Approves Second Reading of Pawnshop Ordinance
from Uinta County Herald
The Evanston City Council in Wyoming approved the second reading of an ordinance permitting Evanston pawnbrokers to report transactions electronically to law enforcement agencies. They also approved lowering the age of persons who do business with pawnshops. More


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