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NPA's Musical Instrument Gift Day A Success
December 6, 2009
The National Pawnbrokers Association held its 1st annual Musical Instrument Gift Day on December 6th. Pawn shops in 14 states across the country joined forces this holiday season to provide underprivileged children with over 300 musical instruments. Inspiration for the national charity drive came from the example set by St. Nicholas, patron saint of pawnbroking, who was famed for secretly throwing 3 bags of gold into his neighbor’s window in hopes that the neighbor’s daughters would be spared from a life of servitude. In the spirit of this generosity, Gift Day strives to put musical instruments into the hands of those who need them the most. Read more of this article on the Pawn Shops Today BLOG>
National Pawnbrokers Association Donates to C.O.P.S. Scholarships
November 19, 2009
The National Pawnbrokers Association, Keller, TX, recently donated $8,000 to Concerns of Police Survivors’ (C.O.P.S.) Scholarship fund, nearly doubling the total amount of their contributions to C.O.P.S. The National Pawnbrokers Association’s total contribution over the past 8 years is $19,000 and that money has been given to surviving children and spouses of law enforcement officers killed in the line of duty. Read more of this article on the Pawn Shops Today BLOG>Old Master? It's At the Pawnshop
February 23, 2009 - New York Times
New York Times reports on how famous photographer Annie Leibovitz used her art as collateral for loans. Art owners are realizing that a painting can bring in much-needed cash when used as collateral.http://www.nytimes.com/2009/02/24/arts
WDEF News 12: Senate Bill May Stop Pawn Shop Loans
VIDEO report about the effects of SB 500 on the Pawn shop industry...television news report.http://www.wdef.com/video
KSEE 24 News: Pawn Shops Threatened By Senate Bill
This VIDEO report takes you inside a pawn shop and shows what items are piling up on the shelves, and what effect the bill has on the owners if it passes.http://www.ksee24.com/news/local
Macon County News: Congressional bill could put an end to pawn shops
This news article breaks down the interest rates, and explains why the interest rates included in SB 500 would not be enough to keep pawn shops open.http://www.maconnews.com/index.php?option=com
KSN 3 News: Bill would cap loan interest at pawn shops, lending centers
http://www.ksn.com/news/local/story/BillThis news article explains the importance of keeping pawn shops open. With the current state of the economy, pawn shops are necessary for some people to get loans to make ends meet.
www.Senatus.com: Pawn Shop Owners Fearful of Durbin Bill
http://senatus.wordpress.com/2009/04/12/pawnThis news article describes the pawn shop industry as a "lifeline" for consumers. The passing of SB 500 would cause pawnshops to close, taking away a lifeline for Americans.
CBS 11 TV: Pawn Shop Owners, Customers Fear Lending Bill
http://cbs11tv.com/local/pawn.shop.lending.2.996555.htmlThis news article includes quotes from people who have already signed the petition against SB 500, and why they did it.
Federal Law Could Put Pressure On Pawn Shops
http://www.nbc4i.com/cmh/news/local/articleThis news article is a reaction to the possible effect of the bill on pawn shops in the midwest. Including "reader reactions".
Visits to pawnshops are up but proposed Senate bill could close them down
http://auburnjournal.com/detail/112140.html
This news article describing the argument over rising interest rates on loans...both arguments for and against the bill are included here.
http://auburnjournal.com/detail/112140.html
This news article describing the argument over rising interest rates on loans...both arguments for and against the bill are included here.
Feeling the pain
http://www.tribtoday.com/page/This news article gives examples of operating pawn shops in Ohio. If the bill passes, they will all have to downsize or close...the industry is seeing an increase in customers, but a decrease in repeat customers