Category Archives: Legislative Updates & Alerts


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 ( to enhance security of the site and better protect the personal information of Service members. All users […]

Congressional Update – May 2019: Potential CTR Relief for Banks and Three Rate-Cap Bills

A big Thank You once again to our members that traveled to Washington and participated in NPA’s Annual Legislative Conference on April 30th. As we discussed then, NPA’s Team GRC continues working on the bank discontinuance issue, as well as following additional developments that could affect pawnbrokers. This Content is for Members Only

Bureau of Consumer Financial Protection Announces Settlement of TILA Violations by Alabama-Based Provider of “Auto Title Pledge” Loans

The BCFP charged Triton with providing deceptive TILA disclosures to 1,309 consumers from January 1, 2013 to May 15, 2015 in 2,136 auto title pledge loans in Mississippi.

Treasury’s New “Beneficial Ownership” Rule Should Not Affect Pawnbrokers’ Existing Bank Accounts

On May 11, 2018, banks and credit unions will be required to collect “beneficial ownership” information about “legal entity customers” seeking to open new accounts. This new requirement does not affect existing accounts of “legal entities.”