Tag Archive | "senator durbin"

Pawnshops unite to fight a ban on short term credit


Senate Bill 500, introduced by Senator Dick Durbin, would eliminate virtually all forms of short-term credit (with the exception of bouncing a check, consumers would still be able to do that).  This new website, http://www.SaveMyPawnshop.com, is dedicated to making sure the millions of pawn customers across the country are aware of this legislation.

Posted in federal legislation, industry, regulationComments (3)


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THE DEMAND FOR SHORT-TERM CREDIT