“Examining De-risking and its Effect on Access to Financial Services”

The pawn industry had a big day last Thursday, February 15, 2018, on Capitol Hill in Washington, DC. The House Financial Institutions and Consumer Credit Subcommittee conducted a hearing entitled “Examining De-risking and its Effect on Access to Financial Services”.

Bitcoin or Other Virtual Currencies: Information about Using Virtual Currencies to Take or Make Payments for Goods or Services

In this memorandum, we answer four basic questions about the ability of pawnbrokers to take virtual currency in payment for goods or services, or to use them to pay for goods or services. We will address some issues that might arise in accepting virtual currencies as collateral for pawn transactions in a second document to follow.

Government Relations Committee Information Update on Compliance with the Department of Defense Military Lending Act Regulation January 2018

In early December 2017, NPA President Tim Collier, Government Relations Committee Liaison and Past President Fran Bishop, and Washington Counsel Cliff Andrews were granted a meeting at the Pentagon with DOD personnel and financial readiness officials. Here is our report.