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.
A Message from NPA President Kerry Rainey
The spread of the coronavirus has created a complete disruption of service in our country and the rest of the world. Many of our members have expressed concern about the future of their businesses and their customers. As your industry association, please know the NPA is here to help you get through these difficult times. The health and safety of …
Kerry Rainey Elected President of National Pawnbrokers Association and Awarded National Pawnbrokers Association Charles R. Jones Lifetime Achievement Award
CONTACT: Media@NationalPawnbrokers.org July 9, 2019 FOR IMMEDIATE RELEASE: National Pawnbrokers Association announces the election of 2019 president and Charles R. Jones Lifetime Achievement Award Honoree at NPA’s annual convention and trade show, Pawn Expo Southlake, TX – The National Pawnbrokers Association (NPA) is proud to announce the results of the 2019 annual election to select a new NPA president. The association …
IRS Releases PPP Loan Forgiveness Tax Guidance
November 23, 2020 On November 18, 2020, the Internal Revenue Service issued guidance to clarify that business expenses paid with any portion of PPP loans that have been or may be forgiven by the SBA are NOT eligible for ordinary business-expense tax deductions; and PPP loans that are fully or partially forgiven or expected to be forgiven are excluded from …
Federal Court Orders SBA to Release Information on All PPP Recipients
November 17, 2020 A federal district court ordered the Small Business Administration (SBA) to release the names, addresses, and loan amounts for all PPP and all special CARES-Act EIDL recipients by November 19, 2020. However, a temporary stay of this order has been issued in response to the SBA’s request for a full stay. Newspapers and watchdog organizations petitioned the …
Important Announcement: Wexler Insurance Agency / IJB Signed Agreement to Join Jewelers Mutual® Group
We have an important announcement to share with our members. As you may have heard, Wexler Insurance Agency / IJB has signed an agreement to join Jewelers Mutual® Group. This is seen by both of these important industry partners as an important move that will benefit the pawn industry. This strategic acquisition brings together the two most recognized names in …
SBA Announces NEW PPP Forgiveness Process for Loans of $50,000 or Less and a Big Change in Forgiveness Standards for these Small PPP Loans
October 9, 2020 Late on Thursday, October 8, 2020, the SBA issued new guidelines to simplify forgiveness applications for PPP Loans of $50,000 or less, effective immediately. The new instructions for completing the application and additional guidance for PPP lenders support the SBA’s goal to help the smallest PPP borrowers and allow PPP lenders to process forgiveness applications more swiftly. …
Take Time Now to Organize Records You Will Need for PPP Loan Forgiveness Applications
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Which Form Should Pawnbrokers Use to Report Cash Payments Over $10,000?
September 18, 2020 During the NPA Federal Update seminar at the recent Dixie Pawnbrokers Conference there were questions and discussion about which federal reporting form pawnbrokers should use when a customer makes cash payments of more than $10,000 in one or a series of related transactions. Pawnbrokers use Internal Revenue Service Form 8300 to report payments of more than $10,000 …
The Week in Pawn: News & Events from the NPA 09/17/2020
SHARE-WORTHY STORIES: Posting these stories to your online channels is an easy way to help spread good news about your industry: Local pawn shops have been busy since the coronavirus pandemic began six months ago. Mark Farmer, Owner, Joplin Pawn and Purchase, said, “This has actually been our busiest season this summer. This past summer has been record setting numbers.” Read …
From SESCO: DOL Releases Revised FFCRA Regulations
Reprinted with Permission from SESCO: The Families First Coronavirus Response Act (FFCRA) was enacted on March 18, 2020. The sweeping federal legislation provides emergency paid sick leave (EPSL) and expanded paid Family and Medical Leave (EFML) to certain covered workers impacted by the COVID-19 pandemic. On April 1, 2020, the U.S. Department of Labor (DOL) issued regulations implementing the FFCRA …
YOU’RE INVITED – A MESSAGE FROM THE NPA 9-16-20
DON’T MISS: TWO informative webinars featuring two amazing women in pawn! First, join us for a conversation with ‘GoldGirl’ Lauren Kaminsky Goldman TODAY at 4pm eastern. Click HERE to grab your seat! Tomorrow, at 5pm eastern, we’re joined by renowned expert and author Deanna Thompson to discuss ways that you can actually grow your luxury goods business during these challenging times. …
THIS WEEK IN PAWN 9-10-20
HOW DOES YOUR PAWNSHOP’S PERFORMANCE COMPARE TO YOUR PEERS? THERE’S ONLY ONE WAY TO FIND OUT. The 2020 Pawn Industry Benchmark Survey will provide real actionable insight into how your store performance compares to the industry standard. Data analysis provides the intelligence by which all major corporations steer their businesses. Now, pawnbrokers who participate in this industry-wide survey will be …
SHARE-WORTHY STORIES FROM YOUR INDUSTRY 9-4-20
Sharing a positive news story about pawnbroking is an easy step you can take to help positively impact the perception of pawn. Want to learn more about getting media hits for YOUR pawnshop? Reach out to your NPA Staff! US NEWS AND WORLD REPORT: AS CASES OF COVID-19 spread across the nation in the spring, Bob Moulton decided it was best to close his …
SHARE-WORTHY STORIES FROM YOUR INDUSTRY 9-3-2020
SHARE-WORTHY STORIES FROM YOUR INDUSTRY Sharing a positive news story about pawnbroking is an easy step you can take to help positively impact the perception of pawn. Want to learn more about getting media hits for YOUR pawnshop? Reach out to your NPA Staff! US NEWS AND WORLD REPORT: AS CASES OF COVID-19 spread across the nation in the spring, Bob Moulton decided …
#DataDrivenPawn
What areas of your pawnshop are underperforming your peers? There’s only one way to find out. The 2020 Pawn Industry Financial and Operating Performance Benchmark Survey will provide real actionable insight into how your store performance compares to the industry standard. Data analysis provides the intelligence by which all major corporations steer their businesses. Now, pawnbrokers who participate in this industry-wide …
SHARE-WORTHY STORIES FROM YOUR INDUSTRY 8-27-20
SHARE-WORTHY STORIES FROM YOUR INDUSTRY When you use your online channels and network to share a positive news story about pawnbroking, you align yourself with the industry’s best and increase the likelihood that it will be seen by legislators, influencers, and others whose perception will be changed for the better. PEOPLE TURNING TO PAWN SHOPS FOR QUICK CASH AS …
When Must Pawnbrokers Report “Cash Transactions” with Customers to the Internal Revenue Service?
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