NPA This Week in Pawn

National Pawnbrokers Association

Fox12 Oregon

The manager of a Portland pawn shop was allegedly shot and killed by a suspected thief last week. The suspect has not been identified. 

Visit https://www.kptv.com/news/family-says-portland-pawn-shop-manager-killed-after-trying-to-stop-thief/article_f25fdf50-749f-11ea-a0ca-0bebf5c16c81.html to view the full article online.

ABC13 WLOS

Pawn shops that offer financial services, including loans and check cashing, are licensed by the banking commision and are considered essential businesses. 

Visit https://wlos.com/news/news-13-investigates/why-pawn-shops-are-included-as-an-essential-business to view the full article online.

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AmericanBanker

COVID-19 is shutting the doors on thousands of small businesses across the country, many of which will go underwater in less than a month without federal funding. Financial tech could have a solution to keep businesses afloat by streamlining the federal application, approval and distribution process. 

Visit https://www.americanbanker.com/opinion/how-fintech-can-save-small-businesses-on-the-brink to view the full article online.

Kiplinger

The CARES act has a lot of positive things for small businesses, but unpacking it can be confusing and overwhelming. 

Visit https://www.kiplinger.com/article/business/T049-C032-S014-small-businesses-should-jump-on-cares-act-benefits.html to view the full article online.

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Wexler Insurance Agency/IJB is a professional independent insurance agency committed to offering Pawnbrokers our expertise, creative insurance solutions and outstanding service.
Wexler Insurance Agency, Inc.
Wexler Insurance Agency/IJB has an In-house Underwriting and a Claims and Loss Control Department focused on providing Pawnbrokers world-class products and service at competitive prices. We are one of the largest cover holders for Certain Underwriters at Lloyd’s of London. We also represent other financially sound highly respected insurance companies.
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Wexler Insurance Agency, Inc.
Wexler Insurance Agency, Inc.
MarketWatch

Banks and financial institutions are limiting loans to new customers as concerns about the ecomonic impact of COVID-19 rise.

Visit https://www.marketwatch.com/story/people-need-loans-as-coronavirus-spreads-but-lenders-are-making-them-tougher-to-get-2020-03-28?mod=mw_quote_news to view the full article online.