Pawnbroking Parliamentary Reform Association

The Pawnbroking Parliamentary Reform Association was established in Nottingham in 1868 by representatives of the pawnbroking trade from English and Scottish towns in order to draft and promote a parliamentary bill to amend the law regulating pawnbrokers. Its action resulted in the passing of the Pawnbrokers' Act of 1872, which regulated the amount of interest that pawnbrokers could charge, established guidelines and protected pawnbrokers who sold stolen items without knowledge of the theft.