Posts Tagged ‘payday lenders’

George Flaggs regrets repayment flaw in lending law

by Published: August 29,2014

Tags: Business, Mississippi, payday lenders

The former chairman of the Mississippi House Banking Committee gave strong support in 2012 to renewal of the state’s payday lending law. The chairman’s enthusiasm even led him to lead the push to remove sunset provisions and make payday lending permanent in Mississippi. George Flaggs, elected mayor of Vicksburg last year after 26 years in […] [...]

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 […] [...]

State regulators probe All American Check Cashing on suspicion of violating loan rollover law

Madison payday lender All American Check Cashing is under a “cease and desist” order after refusing to let examiners from the Mississippi Department of Banking and Finance review its records for signs of illegal lending. The order followed a state raid on 15 of the company’s 41 Mississippi stores, a former executive of All American […] [...]

MBJ February 21st Digital Edition

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All-American completes merger/acquisition with Emergency Cash

by Published: May 28,2012

Tags: acquisitions, lenders, loans, mergers, payday lenders, title loans

MADISON and BYRAM — All American Check Cashing has completed the merger and acquisition of Emergency Cash of Byram. Terms were not disclosed. This marks the fifth acquisition for All American in the last 12 months and brings the total of payday and title loan locations in Mississippi to over 34. Early this month All […] [...]

Payday lending bill could jeopardize smaller lenders

by Published: January 16,2011

Tags: Dan Robinson, George Flaggs, John Allison, payday lenders

The 28 days the legislation gives borrowers to repay the loan would severely hurt cash flow of small, rural lenders, the payday-loan industry says If Mississippians want payday lenders to go away, state Rep. George Flaggs is giving them a lot of what they want, the lenders say. The Vicksburg Democrat and chair of the […] [...]

Cracking down on payday lenders

by Published: January 7,2010

Tags: banking, economy, loanshark, payday lenders

Legislators could follow lead of Western states by enacting new set of regulations on industry Arizona will join a handful of Western states this year in proposing legislation that enacts a new set of regulations on the title loan and payday loan industry, if not eliminate it all together. In Mississippi, lawmakers will make the […] [...]

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