Category Archives: Legislative Updates & Alerts

DOCUMENTS: Officials Determine Pawnbrokers As “Financial institutions” – Ongoing

The NPA’s Team GRC has been tracking Governors, State, county, mayoral determinations, and State Association guidance relating to declaring pawnbrokers “financial Institutions.” Please see the list of States below and click to reveal detailed information.

New Information on the “Paycheck Protection Program” Loans Authorized by the CARES Act and Possible Eligibility for Pawnbrokers

March 31, 2020 The NPA’s Team GRC received additional information today about the CARES Act that the SBA may make the new Paycheck Protection Program (“PPP”) loans available to pawnbrokers. We are only providing new information we have and it is subject to SBA guidance, which we are told not to expect any earlier than […]

First Report on March 27, 2020 CARES Act Loan Programs and Tax Benefits Available to Pawnbrokers

March 29, 2020 NPA’s Team GRC obtained additional guidance on tax and SBA issues from Venable, a major Washington, D.C. law firm. We will provide additional COVID-19 updates as more information becomes available.  What New Relief Is AVAILABLE NOW to Pawnbrokers? SBA Economic Injury Disaster (EIDL) Program loans available only to businesses with 500 or […]

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

You can download and print the poster free of charge from the NPA website or the Department of Labor at https://www.dol.gov/agencies/whd/posters. Be sure to save the downloaded file so you can copy or scan or print for posting in the workplace and providing to all teleworkers, as well. You can order free copies from 1-866-4-WAGE, […]

Identification of Essential Critical Infrastructure Workers During COVID-19 Response

MEMORANDUM EXCERPT: “As the Nation comes together to slow the spread of COVID-19, on March 16th the President issued updated Coronavirus Guidance for America that highlighted the importance of the critical infrastructure workforce. “ Christopher C. Krebs  Director, Cybersecurity and Infrastructure Security Agency (CISA) 

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 […]

Families First Coronavirus Act

Families First Coronavirus Response Act’s Employer Paid Leave RequirementsMarch 26, 2020  This Update covers information provided by the U.S. Department of Labor on the Phase 2 legislation, formerly described as H.R. 6201. The NPA will continue to update this information as more details become available. The information below supplements the Government Relations Update posted on March […]

Memorandum for Financial Services Sector, Department of the Treasury, Secretary Steven T. Mnuchin

On March 22, 2020 the Department of the Treasury, Secretary Steven T. Mnuchin, issued a “Memorandum for Financial Services Sector.” Please read or download below. For NPA’s Team GRC guidance on this topic, click here to read the article Pawnbrokers are “Financial Institutions” under Federal Law; State Laws May Vary

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, […]

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 […]

Pawnbrokers are “Financial Institutions” under Federal Law; State Laws May Vary

March 18, 2020 NPA’s Team GRC is glad to provide guidance to Members who have asked for clarification of whether pawn stores are “financial institutions” like banks and credit unions, and whether as “financial institutions” pawnbrokers qualify as “essential businesses” that may be exempt from shelter or closure orders that some states and localities are […]

Emergency Paid Leave Provisions of H.R. 6201, the Families First Coronavirus Response Act

March 17, 2020 NPA’s Team GRC obtained a summary of what H.R. 6201, a bill that could be enacted today, means in terms of emergency paid leave. This Update is only a briefing on the official summary on Division C – the Emergency Family and Medical Leave Expansion Act. The provisions in Division E – […]