Frequently Asked Questions: Compliance with the Military Lending Act
Updated November 23, 2021 We’re here with answers to NPA members’ recent questions on Military...
36% Rate Cap Bill filed in the U.S. House of Representatives
On November 15, 2021, H. R. 5974 the Veterans and Consumers Fair Credit Act was introduced by Rep. Jesus G. …...
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 …...
Pawnbrokers and Banks
11/11/21 by Fran Bishop, NPA Government Relations Liaison, NPA Past President What immediately comes to mind? We hope it is not ’The...
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. …...
Preliminary Injunction in the Illinois Rate-Cap Litigation Remains in Effect with No Appeal by the Attorney General
October 12, 2021The September 7th GRC Update on the litigation brought by the Illinois Pawnbrokers Association, the NPA, and other …...
Are You Offering Check Cashing Services?
10/7/2021 FYI to pawnbrokers offering check cashing as an additional customer service… No offense to hard-working postal employees…but...
