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Removal of auction system, proposed Pawnbrokers Act changes

by Data Age | Nov 5, 2014 | Business, Business News, Compliance, Laws, News

Pawnshops in Singapore grew to 204 last year from 163 in 2010 SINGAPORE — The Government is looking to amend laws governing pawnbrokers to ensure they keep up with the industry’s evolving business practices. These include removing the existing auction system, under...

New Pawn Shop Rules in San Diego

by Data Age | Oct 29, 2014 | Business, Business Licensing, Business News, Compliance, Industry, Laws & Regulations.edu

The San Diego City Council revised rules on Tuesday governing pawn shops, massage businesses and emergency...

Benefits of Working with the Consumer Financial Protection Bureau

by Data Age | Oct 20, 2014 | Business, Compliance, Industry, Laws, Management, News

In this special report, we look at new ways the government is tracking down wrongdoing and how lawyers are responding to government probes and defending their clients against alleged overreach in those...

Davidson County Sheriff’s Office Want’s Second-Hand Stores to Report Like Pawn Shops

by Data Age | Sep 19, 2014 | Compliance, Laws

In Davidson County N.C. only pawn shops and precious metal dealers are required to track and report to the police who brings items in their shops. Police say roughly 90 percent of stolen items they recover are found through this reporting method. There is however, a...
Electronic Police Reporting Helps Improve the Pawn Industrys Reputation

Electronic Police Reporting Helps Improve the Pawn Industrys Reputation

by Data Age | Sep 17, 2014 | Compliance, Industry, News, Software, Tech

Pawn shops have been working with the police for decades to help find stolen items. With the advent of electronic reporting to police departments stolen items are able to be identified much faster and more accurately than in the past. Criminals and the public are...

Connecticut Supreme Court Rules State Law Limits Pawnshops’ Interest Rates

by Data Age | Sep 9, 2014 | Business, Compliance, Industry, Laws

The September 8th ruling caps a “repurchase agreement” interests and service charges at 12 percent a year. The ruling can as the result of a lawsuit filed against Pawn King, a Connecticut based buy/sell shop.  The lawyers for Pawn King attempted to argue...
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