Business Blog

Mississippi Gov. Haley Barbour or his successor have the option of going into the financial services regulatory realm or into the banking sector itself to replace the retired John Allison as banking commissioner. Allison says the load of regulatory changes facing the financial sector has led state banking supervision offices across the nation to fill [...]

Health concerns faced by John Allison and his wife have led Allison to announce he will leave his post as Mississippi Banking commissioner Sept. 30. MBJ-TV recently caught up with the state’s chief banking regulator for a look back at his forty year tenure.

Health concerns faced by John Allison and his wife have led Allison to announce he will leave his post as Mississippi Banking commissioner Sept. 30. His departure marks the end of a four-decade career with the Mississippi Department of Banking and Consumer Finance. He took over the department as interim commissioner in 1996 and served [...]

Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of [...]