April 1, 2020 is the deadline for employers with fewer than 500 employees to display the poster in a conspicuous place in each of your stores or by providing it via email to every current employee who is teleworking. Do not fail to provide this notice to employees by April 1, 2020. The poster is entitled “Employee Rights: Paid Sick …
Winning the MLA Game
What you need to know to stay in compliance By Fran Bishop, NPA Government Relations Liaison, NPA Past President This Content is for Members Only
DMDC WEBSITE WILL REQUIRE A ‘USER ACCOUNT’ FOR MLA CHECK ACCESS
The May 31, 2019 News and Alerts of ‘Upcoming Changes to MLA’ on the front page of the DMDC website states: “Around June 27, 2019, DMDC will make significant changes to the Military Lending Act (MLA) website (https://mla.dmdc.osd.mil) to enhance security of the site and better protect the personal information of Service members. All users of the site will be …
July 2021 is “Military Consumer Month” at the CFPB
It’s Time to Review Your Military Lending Act (“MLA”) and Service Members’ Civil Relief Act (“SCRA”) Compliance Programs July 22, 2021: So, right now – in July — is a good time to review your MLA and SCRA compliance programs. The DoD’s amended MLA regulation became effective for pawn transactions on October 3, 2016. The SCRA has been in place …
CFPB. What Should Pawnbrokers Expect?
With a new CFPB director and a renewed direction, Congress is expected to increase support for MLA enforcement actions. This added federal scrutiny will impact your business. This webinar will go over MLA enforcement actions and civil investigative demands, so you can ensure proper compliance to protect your business. Take a deep dive into how the MLA applies to pawn …
WHY PEOPLE FOCUS ON APR, & WHY THEY SHOULDN’T
Recently, in a pawnbroker forum, the discussion turned to State Rate Caps on Payday Lenders. Some pawnbrokers voiced opinions that Payday Lenders were predatory and charged too much. Others defended and said the rates were needed based on risk and cost. I wanted to discuss some of the ideas and points that were made. In specific, I’d like to review the Payday Loan Model as it compares to Pawn Loans. This includes the …
MILITARY ACT COMPLIANCE
Yes, pawnbrokers must comply with the Military Lending Act (MLA). We informed you in December of action by the CFPB against LendUp Loans, LLC an Oakland, California based online lender that offers single-payment and installment loans to consumers for violations of the MLA. A recent settlement reached by the CFPB would require LendUp to provide $300,000 in repayments to consumers …
Monthly Webinar Series
April 8, 2021 | 4:00 PM Eastern Time (US and Canada)CFPB. What Should Pawnbrokers Expect? With a new CFPB director and a renewed direction, Congress is expected to increase support for MLA enforcement actions. This added federal scrutiny will impact your business. This webinar will go over MLA enforcement actions and civil investigative demands, so you can ensure proper compliance to protect your business. Take a deep …
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 …
From SESCO: DOL Releases Revised FFCRA Regulations
Reprinted with Permission from SESCO: The Families First Coronavirus Response Act (FFCRA) was enacted on March 18, 2020. The sweeping federal legislation provides emergency paid sick leave (EPSL) and expanded paid Family and Medical Leave (EFML) to certain covered workers impacted by the COVID-19 pandemic. On April 1, 2020, the U.S. Department of Labor (DOL) issued regulations implementing the FFCRA …
GRC Webinars
This Content is for Members Only
Team GRC Outreach during the COVID-19 Emergency
March 26, 2020 Since March 1, 2020, the Government Relations Committee has been engaged on a daily basis in responding to questions posed by members either through the NPA Office or directly to Fran Bishop as GRC Liaison, reviewing, preparing and issuing GRC Updates for all pawnbrokers on legislation pending in Congress to address issues related to pawnbrokers and pawn …
Emergency Paid Leave Provisions of H.R. 6201, the Families First Coronavirus Response Act
Updated March 20, 2020 On March 17, 2020, NPA’s Team GRC summarized H.R. 6201’s provisions affecting pawnbrokers as employers in terms of this legislation’s “emergency paid leave” under the Family and Medical Leave Act (FMLA). This Update shows changes to that prior information, which were made in the final bill enacted by Congress March 18, 2020. Changes are …
Division E of H.R. 6201’s “Emergency Paid Sick Leave Act” Revised March 20, 2020
Updated March 20, 2020 On March 17, 2020, the NPA’s GRC provided information on Division E of H.R. 6201 that had passed the House of Representatives. This Update covers the final version of H.R. 6201 enacted by the Senate and signed by the President on March 18, 2020. You will receive a revised Update on Division C separately. Information changed …
Division E of H.R. 6201’s “Emergency Paid Sick Leave Act”
March 17, 2020 We covered Division C of H.R. 6201 in the first Update on emergency paid leave provisions Congress is considering today. This Content is for Members Only