A Message from NPA President Kerry Rainey

npaofficeadmin Coronavirus Alerts, NPA News

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

npaofficeadmin NPA News, Pawn Expo 2019, Press Releases

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”

Mark Campanale Government Relations Updates, Members Only

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

Mark Campanale Government Relations Updates

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

Mark Campanale Coronavirus Alerts, Government Relations Updates

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 …

Senate Votes To Approve National Defense Authorization Act

Mark Campanale Government Relations Updates

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

Mark Campanale NPA Member Testimonials

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

Mark Campanale NPA Member Testimonials

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

Mark Campanale NPA Member Testimonials

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

Mark Campanale NPA Member Testimonials

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 …

NPA Membership is Business Insurance

Mark Campanale NPA Member Testimonials

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

Mark Campanale NPA Member Testimonials

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

Mark Campanale NPA Member Testimonials

“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

Mark Campanale Coronavirus Alerts, Government Relations Updates

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

Cheryle Bernard Coronavirus Alerts, Government Relations Updates, NPA News

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 …