Pawn Industry Talking Points

Press Statement: Dave Adelman, president of the National Pawnbrokers Association, speaks about rate caps outlined in U.S. Senate Bill 500

In today's diverse society, many people depend on pawnbrokers to help them meet those daily financial needs not met by other financial institutions. Our customers represent the working families of America who have an unexpected need for short term cash. Pawn loans keep the electricity on, the rent paid, and cars working and full of gasoline.

Today's pawnbroker may be a small business owner operating a single location or an entrepreneur with a larger company owning multiple locations around a city or a state. This growing, competitive industry is working hard to upgrade the image of pawnbrokers and to offer needed services to the public.

The National Pawnbrokers Association encourages its members to give back to the community, and offers guidance to pawnbrokers on how to get involved locally.

Working with law enforcement has always been an important part of being a pawnbroker. Pawnbrokers comply with all federal, state and local regulations and laws and in most jurisdictions they provide local law enforcement with data on all of their transactions on a daily basis.

NPA works to provide pawnbrokers nationwide with resources and tools to strengthen the pawn industry. NPA members are committed to operating their business in such a manner as to enhance and promote the positive and professional image of all pawnbrokers. Members believe in establishing positive and long-lasting relationships with local, state and federal government officials. NPA serves nearly 2600 members nationally from the main office in Keller, Texas.