CA ACR101

Requests the California Department of Justice to convene meetings in 2014 with law enforcement, prosecutors, pawnbrokers, secondhand dealers, and the public to address Internet pawn competition.

Seeks statutory changes to allow California pawnbrokers and secondhand dealers to compete fairly with out-of-state Internet pawnbrokers who operate without complying with California regulations.

Addresses competitive disadvantages for California businesses, including requirements for fingerprints and 30-day property holds that out-of-state operators avoid.

Aims to protect California consumers from higher interest rates and fees charged by unregulated out-of-state Internet pawnbrokers compared to California's capped rates.

Requires the Department of Justice to report findings and recommendations for statutory changes to the Legislature by January 1, 2015.