Protecting Your Business and the Pawn Industry Following the CFPB’s Military Lending Act Enforcement Action against First Cash/Cash America West, Inc.
November 16, 2021 The NPA has reviewed the CFPB’s Military Lending Act (MLA) enforcement action against First Cash, Inc./Cash...
CFPB Commences Military Lending Act Enforcement Action Against FirstCash, Inc. and Cash America West, Inc.
November 12, 2021 Earlier today, the CFPB filed an action in Texas federal district court against FirstCash, Inc. and Cash …...
Buy Now, Pay Later In The News
11/4/2021 Buy Now Pay Later (BNPL) is not just for online shopping. It is another option for extending credit to consumers …...
Update On IRS Reporting Plan
10/28/2021 Latest episode in the mini-series about an IRS reporting plan is… Some media reports the plan is dead, but...
Postal Banking Pilot Program Not Authorized by Congress
10/28/2021 Ranking Members of the House Financial Services and the Oversight and Reform Committees sent a letter to the Postmaster …...
IRS Treasury Fact Sheet
What is the latest DC discussion on the Administration/Treasury/IRS modified proposal to receive information on your...
New Director of the CFPB
After months of hearings, discussions, etc. Rohit Chopra was sworn in as Director of the CFPB on October 12, 2021. …...
Reporting Customer Information
Will the proposed $600 reporting of customers’ accounts affect the requirements on pawnbrokers? The discussions, speculation...
IRS reminds businesses to report large cash transactions; e-file encouraged
WASHINGTON — The Internal Revenue Service today reminds businesses of their responsibility to file Form 8300, Report...
Understanding how to report large cash transactions
Although many cash transcations are legitimate, the government can often trace illegal activities through payments reported...
Federal Bills File; Background Checks on Firearms Transfers
Two bills were filed in the House of Representatives on March 1, 2021. H.R. 8 was introduced by Rep. Mike …...
New Mexico proposed 36% APR legislation does NOT include pawn
Reports from some trade associations that represent non-depository lenders, not pawn industry related, discuss bills filed in New Mexico...
OCC’s Proposed Rule on Fair Access to Financial Services
We would like to take this opportunity to thank everyone who took the time to submit a post in support …...
