Business Blog

Mississippi Attorney General Jim Hood has joined at least 40 other states’ legal officers in opposing legislation in Congress that could pre-empt states’ authority in governing payday lending businesses. Hood says in a news release that the bill in Congress would allow payday lenders, installment lenders, car title lenders, prepaid card issuers and check cashers [...]

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks [...]