Families First Coronavirus Response Act (“FFCRA”) Paid Sick Leave Changes to the FMLA and FLSA: Deadline to Notify Your Employees Using the Poster Published by the Department of Labor Is April 1, 2020

npaofficeadmin Coronavirus Alerts, Legislative Updates & Alerts, NPA News

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 …

DMDC WEBSITE WILL REQUIRE A ‘USER ACCOUNT’ FOR MLA CHECK ACCESS

npaofficeadmin Legislative Updates & Alerts, Members Only, NPA News

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 …

Frequently Asked Questions: Compliance with the Military Lending Act

Mark Campanale Government Relations, Government Relations Updates

Updated November 23, 2021  We’re here with answers to NPA members’ recent questions on Military Lending Act (MLA) compliance!   1. How do we determine whether a pawn customer is a “covered borrower” eligible for the maximum 36% Military Lending Act Annual Percentage? Pawnbrokers may use any reasonable means to determine whether a pawn customer is an active-duty service member or a dependent of one. The “check-the-box” is a method many pawnbrokers use. However, any “check-the-box” method does not qualify you for the “safe harbor” …

Frequently Asked Questions: Compliance with the Military Lending Act

Mark Campanale Government Relations, Legislative Updates & Alerts

Updated November 23, 2021  We’re here with answers to NPA members’ recent questions on Military Lending Act (MLA) compliance!   1. How do we determine whether a pawn customer is a “covered borrower” eligible for the maximum 36% Military Lending Act Annual Percentage?   Pawnbrokers may use any reasonable means to determine whether a pawn customer is an active-duty service member or a dependent of one. The “check-the-box” is a method many pawnbrokers use. However, any “check-the-box” method does not qualify you for the “safe harbor” …

Protecting Your Business and the Pawn Industry Following the CFPB’s Military Lending Act Enforcement Action against First Cash/Cash America West, Inc.

Mark Campanale Government Relations, Government Relations Updates

November 16, 2021  The NPA has reviewed the CFPB’s Military Lending Act (MLA) enforcement action against First Cash, Inc./Cash America West, Inc. that we informed you of on November 12, 2021, and is following pawnbrokers’ questions and comments on various forums. It is important for all NPA members to take these steps to protect your businesses:  A CFPB civil investigative demand (CID) may be based on just one consumer complaint. A CID is a complicated and expensive …

CFPB Commences Military Lending Act Enforcement Action Against  FirstCash, Inc. and Cash America West, Inc. 

Mark Campanale Government Relations, Government Relations Updates

November 12, 2021  Earlier today, the CFPB filed an action in Texas federal district court against FirstCash, Inc. and Cash America West, Inc. The CFPB previously ordered Cash America International, Inc. to halt its practices against military families, which prohibited Cash America and its successors from violating the MLA. As FirstCash is a successor to Cash America it is subject to that order.   The CFPB …

July 2021 is “Military Consumer Month” at the CFPB

Mark Campanale Government Relations Updates

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?

Mark Campanale Members Only

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

Mark Campanale Members Only, NPA News

 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

Mark Campanale Government Relations Updates

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

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 …

From SESCO: DOL Releases Revised FFCRA Regulations

npaofficeadmin Members Only

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 …

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