Archive for the ‘BANKING & FINANCE – Market Sector’ Category

MBA TURNS 125 — Regulation, technology driving consolidation

As the Mississippi Bankers Association celebrates its 125th anniversary this year, the number of banks in the states has decreased from about 165 to fewer than 100 in the past 30 years, and the spiraling growth of bank regulation could possibly reduce that number even farther. Freddie Bagley, chairman of Community Bancshares Inc., of Brandon […] [...]

Trustmark’s military internship program helps military veterans make transitions

by Published: August 14,2014

Tags: banking and finance, Business, Mississippi, Trustmark Bank

Trustmark Bank is recruiting heroes for its military internship program. The bank recognizes the desirable work traits of those who have served in the armed forces and honors their commitment to service. “We are proud to express our gratitude and exercise our commitment to military service by offering professional assistance to former and current military […] [...]

IKE TROTTER: Retirement age decision becomes more difficult

by Published: August 14,2014

Tags: Business, Greenville, Ike Trotter, JACKSON, Mississippi

WHY DO SOME PEOPLE CHOOSE to claim Social Security retirement benefits at the earliest possible age of 62, rather than waiting until their full retirement age (66 to 67 for anyone born in 1943 or later) when doing so would reduce their monthly benefit by as much as 30 percent? Well, there actually are many reasons, […] [...]

Jackson native Brad Edwards signs new 3-year contract with ESPN

College football’s Bowl Championship Series was retired following the 2013 season, but ESPN’s BCS expert will continue to offer commentary on the sport this fall — in a revamped role. Jackson native Brad Edwards has signed a new three-year contract with ESPN and said this week that he will continue to fill a variety of […] [...]

Lawmakers write letter to SEC chair over Stanford Ponzi scheme ruling

WASHINGTON — Members of Mississippi’s congressional delegation, including U.S. Sens. Thad Cochran, R-Miss., and Roger Wicker, R-Miss., and U.S. Reps. Gregg Harper, R-Miss., Alan Nunnelee, R-Miss., and Steven Palazzo, R-Miss., have written a letter to Securities and Exchange Commission (SEC) Chair Mary Jo White to appeal a recent ruling by the U.S. Court of Appeals […] [...]

SPECIAL REPORT: Lawmakers await feds’ move to repair payday lending flaws

by Published: August 11,2014

Tags: All American Check Cashing, Business, Madison, Mississippi

The chairs of Mississippi’s legislative committees with jurisdiction over payday loans concede the state’s 2012 Check Cashing Act may need some repairs. But with the federal government set to take control of payday lending rules, doing the fixes now could be a waste of time, they say. “I’m waiting to see what they do,” said […] [...]

SPECIAL REPORT: Training emphasized way to double fees on loans for All American Check Cashing

by Published: August 11,2014

Tags: All American Check Cashing, banking, Business, Madison, Mississippi

Just how does a payday lender get double fees off a $200 payday loan to a borrower who is paid monthly? The answer is in an October 2012 training document prepared by Madison’s All American Check Cashing and is part of a practice that has the company in hot water with state regulators. Central to […] [...]

Hancock Bank hosting event to raise funds for lighthouse restoration

PASCAGOULA — Hancock Bank is hosting a “Come Light Up The Night” Round Island Lighthouse fundraiser Aug. 7 to complete interior and lighting work at the top of the historic structure. The event will take place under the historical oaks at Lighthouse Park, on the north side of the Pascagoula bridge. Preservationists and the city […] [...]

Guns OK inside Mississippi polling places, attorney general says

By Ted Carter The trend among gun fanatics of openly carrying assault weapons and other firearms into stores and restaurants could spread to polling places around Mississippi in November. The key here is that gun owners must wear the weapon so it is visible to everyone, says Attorney General Jim Hood, who this week replied […] [...]

Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau

All American Check Cashing’s refusal to answer complaints has led the Better Business Bureaus in Mississippi and Alabama to give grades of “F” to the Madison payday lender that the Mississippi Department of Banking & Finance says did loan rollovers that violated state law. The Department of Banking & Finance put All American Check Cashing […] [...]

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