As it turns out, there is such a thing as being too successful in selling one’s wares, a reality that China’s pawn shops are about to become acquainted with, it seems. Unlike in the U.S. – where pawn shops represent a small slice of a...
Chinese regulators continue to crack down on shadow and alternative lending: Their latest target is the pawnshop financing space, which is often used by small businesses for quick capital. Reports in Bloomberg on Tuesday (March 12) said Chinese pawnshops are quickly emerging as a major...
The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders. The Financial Times reported that pawnshop chains and payday lenders are seeing a huge jump in their business thanks...
The Consumer Financial Protection Bureau (CFPB) announced Monday (Dec. 19) that it took action against four Virginia pawnbrokers for what it said was deceptive practices in terms of the actual annual costs of loans. In a press release, the CFPB said it filed lawsuits in...
March 12, 2019
Chinese regulators continue to crack down on shadow and alternative lending: Their latest target is the pawnshop financing space, which is often used by small businesses for quick capital. Reports in Bloomberg on Tuesday (March 12) said Chinese pawnshops are quickly emerging as a major shadow lender for small firms, providing $43 billion worth of […]
January 21, 2019
The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders. The Financial Times reported...
December 20, 2016
The Consumer Financial Protection Bureau (CFPB) announced Monday (Dec. 19) that it took action against four Virginia pawnbrokers for what it said was deceptive practices in terms of the actual...
