Posts Tagged ‘Payday lending’

Lawmakers once again reject bill to repair payday lending glitch

Rep. Adrienne Wooten, a Hinds County Democrat, tried unsuccessfully again this year to fix a glitch in Mississippi’s payday lending law that was suppose to give borrowers 30 days to repay loans of more than $250. Instead of the 30 days, borrowers have been getting only two weeks to repay the loans before new fees […] [...]

BankPlus recognized for alternative program to payday lending

RIDGELAND — BankPlus and City First Enterprises of Washington, D.C., are the winners of the inaugural Empowerment Awards, which recognize promising projects that provide or encourage access to safe, fair financial services in underserved communities. BankPlus won in the Community Development Banking category for its innovative alternative to payday lending, and City First won in […] [...]

Payday lender, fired executive exchanging blame for lender’s regulatory woes

Lawyers for payday lender All American Check Cashing and a fired executive of the Madison company are trading accusations of criminal activity. All-American blames the former executive for the hot water it is in with state regulators; the out-of-work executive alleges the company fired him for not participating in illegal activities that included under-the-table payments […] [...]

All American buys Check Express for undisclosed sum

MADISON and BROOKHAVEN — All American Check Cashing has completed the acquisition of Check Express of Brookhaven. Terms were not disclosed. This marks the fourth acquisition for All American this year, including the May 2013 acquisition of Cash Cure of Brookhaven. Michael Gray, president of All American Check Cashing, said, “We are still are still […] [...]

State House passes payday-lending bill despite objections

JACKSON — The Mississippi House has voted to let payday lending businesses keep operating in the state beyond 2015, despite objections by some lawmakers that the shops congregate in poor neighborhoods and take advantage of people who might not be financially savvy. Supporters say the businesses provide easy access to cash for people who might […] [...]

All American completes purchase of Check Exchange locations

MADISON — All American Check Cashing has completed the acquisition of six Check Exchange of Mississippi retail locations. Terms were not disclosed. This marks the second merger for All American this year and increases the total number of retail stores in Mississippi to over 38. In June, All American completed the merger and acquisition of […] [...]

Controversial payday lending bill approved by Senate

by Published: February 16,2011

Tags: banking and finance, Payday lending, state government

JACKSON — The Mississippi Senate has passed the final version of a bill designed to reduce fees on payday loans, sending the legislation to the governor’s desk. Eight senators voted against the bill today. The House passed the bill Monday. The bill would establish a tiered system of caps on fees for payday loans, based […] [...]

Payday lending bill passes House, but fight may continue

by Published: February 15,2011

Tags: banking and finance, Payday lending, state government

JACKSON — Supporters say the final version of a payday lending bill that passed the Mississippi House yesterday could reduce consumers’ out-of-pocket expenses for short-term loans, but the fight might not be over. Even though the measure passed on a 76-43 vote, opponents held it for the possibility of more House debate before it can […] [...]

Legislative panels differ on payday lending bill

JACKSON — The chairman of the House Banking Committee says that if a “reasonable” deal isn’t reached on a proposed state payday lending law, the issue might be put on hold until 2012. “Unless they come up with an agreement, a reasonable compromise, it’s best to leave it alone,” committee Chairman George Flaggs, D-Vicksburg, said […] [...]

House passes controversial payday lending bill

JACKSON — The Mississippi House passed a bill yesterday that would give consumers more time to pay off short-term loans and would reduce the maximum amount of interest payday lenders could charge. The bill also would let payday-lending businesses operate at least another five years in Mississippi. It passed 78-38 after more than an hour […] [...]

Next Page »

Recent Posts


Should the IHL reconsider its position on firing Dan Jones as chancellor at the University of Mississippi?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments