: News

Filed Under:

Committee Considers Tougher Regulations Of Pawn Shops

Play associated audio

By Peter Granitz

A D.C. Council Committee will hear testimony on a bill today that would further regulate pawn shops, not everyone would welcome the change.

Council Member Muriel Bowser introduced emergency legislation in April to stop a pawn shop from opening in her Ward Four.

Now the committee on consumer affairs, which she chairs, is set to consider permanent laws that would cap interest rates at pawn shops at 24 percent. The bill would also notify Advisory Neighborhood Commissions when a pawn shop applies for a license to open.

"As a money lender, because that's primarily what a pawn broker is, it should be regulated by the same agency that regulates other money lenders," says Bowser.

In D.C., that's the Department of Insurance, Securities and Banking.

Pawn broker Rufat Khankishiyve says he doesn't understand why the city wants to deter businesses that he says helps public safety. After all, he works with the police to track stolen merchandise.

"We ask for ID, and put all the information in the computer. We also take all the information about the merchandise, model number and serial number. At the end of the day we do a report for the police," says Khankishiyve.

Still. it's unclear how sweeping the changes could be: Bowser says only eight pawn shops remain in the District.

NPR

Opulent And Apolitical: The Art Of The Met's Islamic Galleries

Navina Haidar, an Islamic art curator at the Met, says she isn't interested in ideology: "The only place where we allow ourselves any passion is in the artistic joy ... of something that's beautiful."
NPR

Tired Of The Seoul-Sucking Rat Race, Koreans Flock To Farming

More than 80 percent of people in South Korea live in cities. But in the past few years, there has been a shift. Tens of thousands of South Koreans are relocating to the countryside each year.
WAMU 88.5

Fannie Lou Hamer and the Fight for Voting Rights

Kojo explores the life and legacy of Fannie Lou Hamer, a poor Mississippi sharecropper who became an outspoken voice in the civil rights movement and the fight for voting rights.

WAMU 88.5

Computer Guys and Gal

Chrysler recalls cars to boost their cybersecurity. Microsoft debuts its new Windows 10 operating system. And navigation tech could bring us robotic lawn mowers. The Computer Guys and Gal explain.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.