Committee Considers Tougher Regulations Of Pawn Shops | WAMU 88.5 - American University Radio

: 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

Film About Campus Sexual Assault Tells Survivors: 'You Are Not Alone'

Survivors Annie Clark and Andrea Pino brought a Title IX complaint against the University of North Carolina. "This is not about UNC," Clark says. "We're not doing this to vilify our institution."
NPR

When Food Is Too Good To Waste, College Kids Pick Up The Scraps

Millions of tons of food are wasted on college campuses around the country, and students are noticing. Some of them are now rescuing food to make tasty meals for the needy and compost for gardens.
NPR

Jeb's Rowdy Supporters Help Him Escape The CPAC Lion's Den

The former Florida governor's supporters shouted down his hecklers at his much anticipated appearance at the Conservative Political Action Conference.
NPR

A Neuroscientist Weighs In: Why Do We Disagree On The Color Of The Dress?

Robert Siegel speaks with Dr. Bevil Conway, a neuroscientist at Wellesley College, about the dress that has the whole Internet asking: What color is it?

Leave a Comment

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