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Banking & Finance

FINANCIAL PLANNING: Do you really know what time it is?

Michael Denny

By BECKY GILLETTE It used to be that most people retired at the age of 65. But, today, there are options for retiring earlier, and higher benefits from Social Security for retiring later. The timing of retirement can make a big difference in how much financial freedom someone has during retirement. The number one question when deciding when to retire is, ...

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Jessica Merrill Lane joins Community Bank

Jessica Merrill Lane has recently joined Community Bank as a Senior Vice President at the Flowood office in the Dogwood Shopping Center. Lane has over 12 years banking experience and most recently was employed with Trustmark Bank as a Vice President in their Commercial Lending department. In her new role with Community Bank, Lane will provide financial solutions to commercial ...

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Regions Bank high in CS ratings

Regions Bank is ranked among the top 10 percent of companies in the recently released 2015 Temkin Experience Ratings compiled by customer experience research and consulting firm Temkin Group. This is the second year in a row in which Regions has been ranked among the top 10 percent. Regions Bank ranked third in the bank industry category and tied for ...

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New federal rules set for appraisal management companies

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By TED CARTER Mississippi legislation that two years ago set new rules for appraisal management companies should largely free appraisal companies in the state from taking on newly enacted compliance standards. Six federal financial regulatory agencies have implemented minimum requirements for state registration and supervision of appraisal management companies (AMCs), an entity that provides appraisal management services to lenders or underwriters ...

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Regions only one of several lenders in trouble over overdraft fees

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By TED CARTER  Regions Bank is paying tens of millions in reimbursements and a fine of $7.5 million after its executives ignored a warning two years ago that its overdraft practices could be illegal. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act brought new scrutiny to bank overdraft practices across the country. Until the federal law ordered banks ...

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Trustmark CEO Gerard Host to address Gulf South Bank Conference

JACKSON — Trustmark Corporation (NASDAQ:TRMK) President and CEO Gerard R. Host will address analysts and investors attending the Gulf South Bank Conference at The Ritz-Carlton Hotel in New Orleans on Monday at 1 p.m. Trustmark Corporation is a financial services company providing banking and financial solutions through 202 offices in Alabama, Florida, Mississippi, Tennessee and Texas.  

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Regions must pay $7.5 million in fines over illegal overdraft fees

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By TED CARTER  The U.S. Consumer Financial Protection Bureau has hit Regions Bank, tops in market share among Mississippi banks, with a $7.5 million fine for “illegal actions” on over-draft fees. The CFPB has already forced the Alabama-based multi-state bank to refund customers $49 million in wrongfully collected overdraft charges. The enforcement action announced this week charges the $122-billion Regions ...

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Regions must pay $7.5 million in fines over illegal overdraft fees

The U.S. Consumer Financial Protection Bureau has hit Regions Bank, tops in market share among Mississippi banks, with a $7.5 million fine for “illegal actions” on over-draft fees. The CFPB has already forced the Alabama-based multi-state bank to refund customers $49 million in wrongfully collected overdraft charges. The enforcement action announced this week charges the $122-billion Regions assessed overdraft fees ...

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Distressed mortgage borrowers get 6 extra months under new HUD rules

Stack Of Cash

By TED CARTER Homeowners who have fallen significantly behind on their mortgages are getting six additional months to stave off foreclosure, thanks to a new mandate from the U.S. Department of Housing and Urban Development. HUD, in rule changes announced last Friday, is requiring servicers of Federal Housing Administration-backed loans to delay foreclosure for a full year and to evaluate ...

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MARK BLACKWELL — Retirement planning: It isn’t just financial

Quality of life in retirement is about more than how much money you have saved or how much income you generate.  Those are certainly important factors, but AgeLab, a research program within Massachusetts Institute of Technology to study ageing, has identified additional risks that can also diminish the quality of life for the elderly.  AgeLab asserts that these risks must ...

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