When pawnbrokers receive notices from the bankruptcy court of pawn customers who file for bankruptcy.
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 (https://mla.dmdc.osd.mil) to enhance security of the site and better protect the personal information of Service members. All users […]
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
This Content is for Members Only
Condensed by Fran Bishop, NPA Government Relations Liaison from a prior NPA-GRC Update
On November 21, 2018, seven additional affiliates or subsidiaries of Republic Metals Corporation filed for Chapter 11 Reorganization in the Southern District of New York.
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We have received comments and questions from many members of whether the Department of Defense’s Military Lending Act Regulation, 32 C.F.R. Part 232, is still in effect.
On September 7, 2018, FinCEN announced immediate relief from the final “Beneficial Ownership” Rule that became effective on May 11, 2018.
On August 16, 2018, the Federal Trade Commission (“FTC”) published revisions to its Guides for Jewelry, Precious Metals, and Pewter Industries, and made them effective immediately.
The Gramm-Leach-Bliley Act (GLBA) requires pawnbrokers to safeguard the non-public personal information (NPPI) they receive from customers.
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.
A June 15, 2018 bankruptcy review court decision may have broader effect for pawnbrokers in other states where pawn laws require a post-default notice to pledgors.
This Content is for Members Only