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 …
MEMBERS OF THE 117TH CONGRESS
Team GRC is following closely as the U. S. Senate and House of Representatives begin announcing the Members of the 117th Congress who will be serving on all the committees in each chamber. The list of Democrat Representatives tapped to serve on the House Financial Services Committee has just been released by Chairwoman Maxine Waters. The complete list of all …
MILITARY ACT COMPLIANCE
Yes, pawnbrokers must comply with the Military Lending Act (MLA). We informed you in December of action by the CFPB against LendUp Loans, LLC an Oakland, California based online lender that offers single-payment and installment loans to consumers for violations of the MLA. A recent settlement reached by the CFPB would require LendUp to provide $300,000 in repayments to consumers …
EMPLOYERS CAN WITHHOLD, MAKE PAYMENTS OF DEFERRED SOCIAL SECURITY TAXES FROM 2020
IR-2021-17, Jan. 19, 2021 WASHINGTON − The Internal Revenue Service today released Notice 2021-11 addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. In response to a presidential memorandum signed Aug. 8, 2020, Notice 2020-65 was issued on Aug. 28, …
CAPITAL ONE PENALIZED FOR BSA VIOLATIONS
FinCEN assessed a $390,000,000 penalty against Capital One for willful and negligent violations of the Bank Secrecy Act. Capital One disregarded its’ obligations to report information that would aid law enforcement in protecting national security. Their failures allowed known criminals to have unchecked access to the nation’s financial system, fostered criminal activity and allowed it to continue and thrive at the …
CFPB DIRECTOR RESIGNS
CFPB Director Kathleen Kraninger resigned at the request of newly sworn-in President Biden. The announced nominee to assume leadership of the CFPB is Rohit Chopra who is currently serving as a federal trade commissioner. Mr. Chopra was formerly at the CFPB as Assistant Director under Richard Cordray. https://thehill.com/policy/finance/535053-consumer-bureau-director-resigns-after-bidens-inauguration
UPDATE: Families First Coronavirus Relief Act
This Update covers two developments related to the March 2020 Families First Coronavirus Relief Act (FFCRA). First, the “paid sick leave” and “expanded family and medical leave” provisions expired on December 31, 2020. Second, Congress gave employers more time to claim tax credits for the paid sick or expanded family or medical leave they provided under the FFCRA. The tax …
State Association Award
This award will be given to the State Association who shows the most amount of willingness and effort to assist their fellow Associations in achieving individual success.
Outstanding Pawn Industry Image Award
Description and Qualifications The NPA Outstanding Pawn Industry Image Award is presented annually to an NPA Pawnbroker or Affiliate member company who creatively generates positive awareness of the pawn industry through a print or digital marketing campaign. Media may include, but is not limited to: television, radio, social media, print campaign, and email campaign. The award recognizes accomplishments in the …
Industry Partner of the Year Award
Description and Qualifications The NPA Industry Partner of the Year Award is presented annually to the NPA Industry Partner member who, through their performance and dedication, has shown significant support of the association and its members. The nominee must be an NPA Industry Partner in good standing and must have been a member since January 1, 2018. The award recognizes …
Pawnbroker of the Year Award
Description and Qualifications The NPA Pawnbroker of the Year Award is presented annually to an individual who, through his/her performance, has demonstrated exceptional success in their business and local community and has made a significant contribution to the pawn industry during the previous year. Nominees must be an employee, partner, or owner of a current NPA Pawnbroker or Affiliate Member …
Young Professional of the Year Award
Description and Qualifications The NPA Young Professional of the Year Award is presented annually to an individual who, through his/her performance, has demonstrated exceptional success in their business and local community and has made a significant contribution to the pawn industry during the previous year. Nominees must be an employee, partner, or owner of a current NPA Pawnbroker or Affiliate …
Charles R. Jones Lifetime Achievement Award
Description and Qualifications The Charles R. Jones Lifetime Achievement Award recognizes an individual who, through his/her outstanding leadership and efforts has gone above and beyond and made a significant and lasting impact on the pawn industry over the course of their pawnbroking career. They are regarded by their peers as leaders in the industry and recognized as such nationally. This …
Outstanding Community Relations Award
Description and Qualifications The NPA Outstanding Community Relations ward is presented annually to an NPA Pawnbroker or Affiliate member company whose public service and/or voluntarism efforts advance the standard and quality of life in their community. The award recognizes accomplishments in the last year. Nominees must be a current NPA Pawnbroker or Affiliate member in good standing and must have …
PAYCHECK PROTECTION LOANS UPDATE
The SBA issued a news release on Tuesday, January 12th stating over $100 billion in Paycheck Protection Program (PPP) loans have been forgiven in the 3 months since the earliest covered periods ended. The SBA has thus far received over 1.3 million forgiveness applications. Eighty-eight per cent (88%) of the loans for $50,000 or less have been approved for forgiveness. Read …
US MINT INCREASES COIN PRODUCTION
In a report this week the coin shortage is easing since the U.S. Mint ramped up production to a level not seen for several years. The Denver and Philadelphia Mint facilities produced 14.8 billion coins in 2020, which was a 26% increase over the previous year. The scarcity of change was a sudden and unseen economic side-effect of the coronavirus …