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 [...]

By Ted Carter The Mississippi Bankers Association is staying out of the tussle going on at the Capitol over renewal of the state’s payday-lending law. No upside to entering a fray in which you have little or no stakes, says Mac Deaver, association president. While the MBA does not have a position on whether to [...]