Pawn chain seeks a change in lending laws

  • Article by: BRAD SCHRADE and MIKE KASZUBA , Star Tribune s taff w riters
  • Updated: February 23, 2012 - 8:16 AM

Pawn America asks Legislature to loosen rules for a new kind of loans.

  • 46
  • Comments

  • Results per page:
westcentralwFeb. 22, 1211:15 PM

yes this could have the possibility of being abused, but I say go for it. Anyone dumb enough to get a loan against their vehicle reaps what they sew. And of course the owner of pawn america would contribute more to the republican party than to the democratic. the republicans tend to be more pro business. Lets try and not demonize one side vs the other please.

25
64
falcon1675Feb. 22, 1211:21 PM

"To do these types of loans it's expensive on our end," said Chuck Armstrong, Pawn America's community affairs director. ------------ Republicans keep telling me that businesses take risks. Well, these expensive pawns sound like a real risky business venture all right. And it sounds like Pawn America is buying legislation to remove the 'risk' from 'risky business ventures'.

68
15
potter101Feb. 23, 1212:32 AM

He calls what he does a service to his customer, ya you bet. Don't give them nothing. This guy holding hands with the regressives sums it all up .

59
19
texas_technomanFeb. 23, 12 7:23 AM

I find the fact that lobbiests wrote the bill a bit unsettling.....that seems to be the norm for GOP introduced bills these days.

46
14
chuckdancerFeb. 23, 12 7:25 AM

What's good for Brad Rixmann is good for Minnesotans. Change the rules so Rixmann makes money and "revive' the business climate in Minnesota. Likes she said "it makes sense". And it does make sense; a pheasant hunt at a private club with captive pheasants, two guys with a draft of the legislation, big money donor, fast track to the floor of the legislature and Republican leaders that don't know nothin'-never heard of the guy.

28
13
evldedFeb. 23, 12 7:53 AM

"...He wants Minnesota to be competitive in business again." - By preying upon people who are suffering through hard times and down and out. Yep... He's a republican.

57
13
jablumpkinnFeb. 23, 12 8:04 AM

Nobody has equity in their home. Banks are not giving loans. If one can use the equity they have in a boat or snowmobile to their advantage, why would the government prevent them from doing that?

16
36
mn1nativeFeb. 23, 12 8:18 AM

Did he get that jacket on pawn? It's a little big.

22
5
brianstrFeb. 23, 12 8:30 AM

I suspect that in this case "flexibility" is just a euphemism for a deeper gouging of desperate people.

40
4
gsthomsonFeb. 23, 12 8:45 AM

This is news? A business using it's money to lobby lawmakers to get more favorable laws for their bottom line. A shocker!

30
4

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT