Wonk alert! A hot issue in the pawn world
All pawnshops are regulated by the states, and some municipalities add additional regulations. The national government is not involved.
But there’s a move to create a national pawn structure. It would be similar to the situation with commercial banks, which can seek either a state or a federal charter. (The majority of banks have state charters, including the big ones in Hawaii.)
The National Pawnbrokers Association is against http://act.nationalpawnbrokers.org/7851/federal-charter-hr-6139/ national regulation, but there is a minority of the membership that disagrees:
The National Pawnbrokers Association opposes any legislation that grants authority to the federal government to charter, regulate, supervise and examine non-depositary providers of credit services and products to consumers. These responsibilities have traditionally been managed by the states. The NPA has been monitoring, H.R. 6139, which authorizes the Office of the Comptroller of the Currency to grant “federal charters” to non-depository providers of financial services who meet fairly exclusive requirements.
This may not seem to be much of an issue for customers, but it can be.
Think of it like you do credit cards. Your credit card issuer is almost certainly domiciled in South Dakota, which has VERY credit card issuer-friendly laws. S.D.’s laws are not so friendly to credit card holders, though.