by Data Age | Aug 5, 2014 | Business, Business Licensing, Compliance, Industry, Laws, Management, New to the Industry, News
For anyone seeking to open establishments such as a pawn shop, title or payday loan entity, used-car lot or other establishments contained within a one-year moratorium in Pelham, Alabama will now have until August 31st to submit an application with the city. ...
by Data Age | Jul 29, 2014 | Business, Compliance, Industry, Laws, Management, New to the Industry, News
“Under the amended ordinance, pawnbrokers and secondhand dealers who violate the city’s rules will now be subject to a tiered penalty system. For a first violation, dealers would pay a fine between $1,000 to $2,500; on second violation, a fine of between $2,000...
by Data Age | Jul 28, 2014 | Business, Compliance, General Merchandise, Gold & Jewelry, Industry, Management, News
The Internal Revenue Service is wanting to force a business man, serving the remainder of a 72-month federal prison sentence, to forfeit 67 silver bars and thousands of dollars in cash found in his home in January. He received his sentence in July 2012 for conspiracy...
by Data Age | Jul 24, 2014 | Business, Compliance, Industry, Laws, Laws & Regulations.edu, Legal.edu, Management, New to the Industry, News
As of today, pawnbrokers can charge 8 percent interest for the first two months and 6 percent a month beyond that. “The new law changes that to an initial rate of 13 percent, dropping to 11 percent after the second month. But the law requires a pawnbroker to...
by Data Age | Jul 24, 2014 | BE ON THE LOOKOUT, Compliance, Industry, Management, New to the Industry, News, Safety, Security
The two men, pictured above, walked into a South Side Chicago pawnshop, wearing black mesh “Chicago Police” vests. A woman in the pawnshop felt suspicious of the mens’ credibility and walked out of the shop to flag down a local officer. When the...
by Data Age | Jul 18, 2014 | BE ON THE LOOKOUT, Business, Compliance, Education, Industry, Laws, Laws & Regulations.edu, Legal.edu, Management, Management.edu, Marketing, New to the Industry, News, Security, Security.edu
” The Federal Trade Commission just announced a series of legal actions against three Montreal operations accused of talking U.S. small business owners into paying millions of dollars for local yellow page listings the merchants neither bought nor...
