By BILL KUNKEL
Diamonds fascinate us. We stare into them, read about them and bestow them as tokens of love. The very concept of the time and geological pressure it took to transform a lump of coal into a dazzling diamond is both confounding and compelling. Or, as young copywriter Frances Gerety wrote while daydreaming over ad copy for diamonds in 1947: “A Diamond is Forever.”
By PHILLIP LEE
The House of Representatives’ version of the Consumer Financial Protection Agency bill specifically skips pawnbrokers, to the industry’s relief.
The bill refers to it as an “exclusion,” as it does for others such as community banks that were able to convince legislators that they shouldn’t be covered by the prospective agency, says Fran Bishop, government relations chairman for the National Pawnbrokers Association.
By RIC BLUM
Pawning in America is something we all seem to know something about, in modern times, but many of us are not familiar with the history of our beloved industry in the United States. Wendy A. Woloson fills in both pawnbrokers and the general public on the critical role pawnbroking has played in our country in her recently released book, IN HOCK: Pawning in America from Independence through the Great Depression (University of Chicago Press, 2010).