CFPB wants repay ability at center of new payday loan rules

By TED CARTER Drawing from a doctrine applied to new rules for residential mortgages, the U.S. Consumer Financial Protection Bureau is proposing that payday lenders verify a borrower’s ability to repay before making a short-term, low dollar loan. Payday lenders now require that borrowers have both a source of income and an active checking account. But […]

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TECHNOLOGY & TELECOM - Market Sector

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JOSH MABUS: The Tao of Road House

Be nice. It’s strange that we have to be told this. It’s even stranger that Patrick Swayze has to remind us. In the 1989 genre-busting Road House, Swayze plays Dalton, a legendary “cooler,” a sort of super bouncer who’s recruited from New York to Missouri to take control of a juke joint gone wild: the…

BANKING & FINANCE - Market Sector

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Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal

Mississippi Business Journal Under 40 Business Person of the Year Scott Spivey Home Corporation Executive Director Scott Spivey was named the Under 40 Business Person of the Year Friday by during the Top 50 Under 40 luncheon in front of nearly 500 at the Hilton Hotel in Jackson. Previously named the Top 40 Under 40,…

MANUFACTURING/PRIVATE COMPANIES - Market Sector

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Source: McCullough a leading candidate for MDA job

Glenn McCullough/  Photo by Thomas Wells from DJOURNAL.COM         By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, is a leading candidate to become executive director of the Mississippi Development Authority, according to a source familiar with the situation. McCullough said in a…

ENERGY - Market Sector

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$134M proposed for 10 BP-funded oil spill recovery projects

FILE – In this Saturday, June 12, 2010 file picture, crude oil from the BP Deepwater Horizon spill is seen inside a wave as it washes ashore in Orange Beach, Ala. An April 20, 2010 explosion at the offshore platform killed 11 men, and the subsequent leak released an estimated 172 million gallons of petroleum…

HEALTH CARE - Market Sector

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A STITCH IN TIME — Gulf Coast cancer survivor featured on colon calendar

Tina Seymour Demoran is a model for Colondar 2.0, this year had both a male and female cover. By LYNN LOFTON Seven years ago at age 35, Tina Seymour Demoran of the Gulf Coast was stunned with a diagnoses no one wants to hear — she had colon cancer. Thankfully, she has added cancer survivor…

GAMING/HOSPITALITY - Market Sector

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Judge: Caesars can demolish Harrah’s casino in Mississippi

JACKSON — A Chicago bankruptcy judge has blessed plans to dismantle the former casino at the shuttered Harrah’s complex in Mississippi’s Tunica County. U.S. Bankruptcy Judge Benjamin Goldgar authorized the dismantling March 30. It’s one facet of a massive bankruptcy case involving Caesars Entertainment Corp. and its attempt to restructure or shed almost $20 billion…

REAL ESTATE - Market Sector

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Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere

Mississippi Chapter of CCIM panelists included Stephen Hirn, partner with Haddox Reid Eubanks Pettis PLLC; Leland Speed, EastGroup Properties chairman; Gaines Sturdivant, president of MMI Hotel Group; Richard “Rick” Wood III, an executive VP at Financial Federal Bank, Memphis. By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes…

EDUCATION - Market Sector

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ALAN TURNER: Education in Mississippi – good and bad news

Mississippi State Superintendent of Education Carey Wright At a recent lunch meeting sponsored by the Madison County Business League & Foundation, State Superintendent of Education Dr. Carey Wright delivered an assessment of public education in Mississippi. To her credit, Dr. Wright didn’t sugarcoat the problems facing Mississippi’s schools, acknowledging that Mississippi continues to sit at…

AGRICULTURE - Market Sector

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Cal-Maine, DOJ announce settlement of water pollution issue

EDWARDS — Mississippi-based egg producer Cal-Maine will bring a facility in Edwards into compliance with its state-issued water discharge permit. The settlement was announced Monday by the company and the Department of Justice. The Justice Department says in a news release that Cal-Maine will pay a $475,000 penalty to be split evenly between the U.S.…

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Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.