Oakland wants increased regulations on pawnbrokers, making it harder to sell stolen jewelry
I have a hard time getting upset at a minor regulation that affects the pawn business. Especially if it helps cut down on robberies.
Oakland pawnshop owners oppose new rule
The city's effort to increase regulation was initially supported by pawnshop owners, but those business owners now say a proposed rule requiring a 30-day waiting period to pay jewelry sellers would threaten the very existence of what they do: quick cash for the desperate.
The result is that rules that the Oakland City Council and city staff have been working on probably will be delayed for at least six months. Meanwhile, the council on Tuesday night extended a moratorium, by a vote of 8-0, on new pawnshops for another six months to allow more time to work on the rules. The moratorium was first put in place in November.
The extension is only delaying the inevitable, said Councilman Ignacio De La Fuente, who represents the Fruitvale district, where pawnshops are clustered and many crime victims have had gold chains ripped off their necks.
"We are facing a situation where (the industry) is unregulated in many ways," he said. "They're not stupid and blind. If someone comes running in with a gold chain, there's no way that a business doesn't know."