The NPA’s Team GRC has been tracking Governors, State, county, mayoral determinations, and State Association guidance relating to declaring pawnbrokers “financial Institutions.” Please see the list of States below and click to reveal detailed information.
A Message from NPA President Kerry Rainey
The spread of the coronavirus has created a complete disruption of service in our country and the rest of the world. Many of our members have expressed concern about the future of their businesses and their customers. As your industry association, please know the NPA is here to help you get through these difficult times. The health and safety of …
Kerry Rainey Elected President of National Pawnbrokers Association and Awarded National Pawnbrokers Association Charles R. Jones Lifetime Achievement Award
CONTACT: Media@NationalPawnbrokers.org July 9, 2019 FOR IMMEDIATE RELEASE: National Pawnbrokers Association announces the election of 2019 president and Charles R. Jones Lifetime Achievement Award Honoree at NPA’s annual convention and trade show, Pawn Expo Southlake, TX – The National Pawnbrokers Association (NPA) is proud to announce the results of the 2019 annual election to select a new NPA president. The association …
NPA Files Comment on OCC Proposed Rule “Fair Access to Financial Services”
Today we filed the NPA’s comment to the Office of the Comptroller of the Currency’s “Fair Access to Financial Services” proposed rule. You may access this comment on the NPA website www.nationalpawnbrokers.org. Team GRC has been working on this ever since the OCC posted this proposed rule on Nov. 25th. I will cautiously say this is the first ‘official’ glimmer of …
Additional Coronavirus Response and Relief
Last evening, Congress passed legislation that provides more COVID-19 relief to individuals and small businesses. Team GRC obtained an advance copy of the 5,593-page bill and provide you with the following: Payments to Individuals and Expanded Unemployment Benefits: Individual Stimulus Payments: Adults and children will be eligible for one-time stimulus payments of $600 per person if the household’s income is …
Congress Continues with Version of 2020 Bipartisan COVID-19 Emergency Relief Act
The Country waits while Congress continues the back and forth on the latest version of a Bipartisan COVID-19 Emergency Relief Act of 2020 Here are some “good” highlights: Forgivable expenses on a second PPP loans will include supplier costs and investments in facility modifications and PPE. Expenses paid with PPP proceeds will be tax deductible — apparently these members of Congress …
Huntington Bancshares to merge with TCF Financial in all-stock deal
From CNBC: Huntington Bank will acquire TCF Bank to make what some are calling a “Midwestern powerhouse.” GRC watches all major bank mergers to decide whether to prepare a comment for the NPA and to keep tabs on impending, regulatory-driven bank discontinuance outbreaks. Read more…
Senate Votes To Approve National Defense Authorization Act
On Friday, the Senate voted 84-13 to approve the National Defense Authorization Act, which contains an anti-money laundering amendment that requires businesses to report their true owners to FinCEN at the time of incorporation. The measure would relieve banks from this information collection and reporting. The House previously passed the defense spending bill by a vote of 335-78, which together with the …
NPA Guided By Serious and Committed Pawnbrokers
We started our business more than 25 years ago. At that time, I decided to attend the NPA National Convention that was being held in San Francisco. I was a complete newbie in the word of pawnbroking. Without exception, whenever I told people that I was new in the business, they readily shared their best practices and gave me wonderful …
NPA Is The Best Decision We Ever Made
I was first introduced to the NPA at the ripe age of 25 in 1992 by Charles R. Jones (namesake for the NPA Lifetime Award). At the time our company, USA Pawn was just getting started but we had just opened our second location. I attended my first convention and was asked by Charles to consider serving on what they …
Just Join The NPA
No Decision Here! Just Join! Our first store opened in 1991. We either joined that year or the next year. Needless to say, we’ve been a happy member of the NPA for almost 30 years! The forum communication is priceless and in itself justifies the expense for our four stores dues. (Big Brothers Pawn of Northwest Arkansas) We especially enjoy …
Voted Best Pawn Shop Thanks To NPA
Compared to most in the pawn industry, Capital Pawn based in Oregon, is a new player. Without the direction and education sessions of the NPA, and without the help of pawnbrokers met at NPA events, Capital Pawn would not be the success it is today. The National Pawnbroker’s Association has been an integral part of their achievements which include being voted …
Advocacy, Product Knowledge, and Strong Relationships
I’ve been in the Pawn Business for 25 years, the first 19 were at one of the big corporations. When I moved into the independent world, I was hesitant to belong and be a part of the NPA. At the urging of one of my partners I went to a meeting in Grapevine and knew instantly I needed to be …
NPA Membership is Business Insurance
There is no way that the pawn industry would be where we’re at today without a constant presence in Washington DC. The only thing providing the industry with that is the NPA. Not being a member is like not having insurance for your business. Kelly J Swisher Arlington Jewelry and Loan, Inc President – Illinois Pawnbrokers Association Arlington Heights, IL
Thriving in the Pawn Industry
Joining NPA has moved me from just “surviving” to actually “thriving.” I’m glad to be involved in an organization where “members helping members” is an important part of the experience. I am also proud to support NPA’s efforts in Washington D.C. which protect all of our rights as pawnbrokers. Lisa Little Fieldstone Jewelry & Pawn, Inc. Conyers, GA
An Invaluable Membership
“When we opened, we didn’t join the NPA for a few years. Looking back, it was one of the biggest mistakes we have made in business. The information shared freely by fellow Pawnbrokers has been and continues to be invaluable. The knowledge gained at the Pawn Expos in the classes/roundtables have been well worth the trip to attend. Not to …
CFPB Commences Military Lending Act Enforcement Action Against LendUp
December 4, 2020 Earlier today, the CFPB filed an action in federal court against LendUp, an online lender that provides single-payment and installment loans to consumers in many states. LendUp has been sued by the CFPB before and paid a civil penalty in settlement of the charges in that action. This time, the CFPB alleges that LendUp violated the MLA …
IRS Releases PPP Loan Forgiveness Tax Guidance
November 23, 2020 On November 18, 2020, the Internal Revenue Service issued guidance to clarify that business expenses paid with any portion of PPP loans that have been or may be forgiven by the SBA are NOT eligible for ordinary business-expense tax deductions; and PPP loans that are fully or partially forgiven or expected to be forgiven are excluded from …