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State regulating bank subsidiaries until ordered to stop, says top bank supervisor

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 the Comptroller of the Currency ...

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Bank reform sets stage for state, federal regulator spat

With the volumes of rule making required to fully implement the Dodd-Frank Wall Street Reform, observers widely viewed the measure as a regulatory turf war waiting to happen. The waiting is over. The historic reform law, which went into effect July 21, will be the subject of many more months of rule making by federal regulators. But already under challenge ...

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In Florida’s parks & city halls ect., be quick or be dead

Something for which to be grateful: Mississippi has Garden&Gun (which, by the way, just won national acclaim for magazine excellence). My home state of Florida, on the other hand, has Parks&Gun (which, by the way, just won national acclaim for stupidity). I left the Sunshine State just after its passage of a “bring your guns to work law.” OK, you ...

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Pew poll: Americans want banks to give more details on checking accounts

Republicans in Congress may want the Consumer Financial Protection Bureau to die in its infancy, but most Americans are looking forward to the work the bureau will do in bringing more transparency to bank checking account transactions, a new poll has found. Americans with checking accounts believe banks must do a better job of disclosing terms, conditions and fees associated ...

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Jackson councilman pushes insurance requirement for convenience stores that sell alcoholic beverages

The liability insurance Jackson City Councilman Kenneth Stokes wants to require of convenience stores in the city that sell alcoholic beverages may make the premises safer from mishaps such as slip-and-falls. But don’t look for it to lessen the likelihood of violent incidents – or to even cover customers injured by violence, insurance professionals say. Ward 3’s Stokes has proposed ...

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Are you in poverty if you have an Xbox?

The conservative think tank, The Heritage Foundation, has just released a study questioning whether the U.S. Census Bureau should allow Americans with a multitude of unnecessary electronic devices to be considered “in poverty.” According to the most recent Census, 21.8 percent of Mississippians live below poverty level, as opposed to 14.3 percent nationally. According to USDA numbers reported by the ...

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Tradeoff: Jobs or property rights? Mississippians must settle issue

Mississippians cheered the arrival of big league economic development this decade with Nissan’s arrival in Canton and Toyota pending move into Blue Springs. But a property rights movement is working to blunt the enthusiasm for more economic bonanzas — at least if state incentives include offering the mega employers private property the state would seize through eminent domain. The Mississippi ...

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Backers of condemnation curbs see chance to cement property protections

Eminent domain — at least the government taking of private property on behalf of private enterprise — does not seem to offer much room for compromise. You are either OK with the government taking private property for private sector economic development or you are not. If middle ground exists, neither Leland Speed nor Ron Aldridge has found it. Speed, interim ...

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‘Replacement costs’ likely go by wayside with eminent domain vote

A ballot initiative to curb eminent domain in Mississippi to protect private property from private enterprise carries a cost land owners may not have considered, says Randy Kelley, executive director of Three Rivers Planning and Development District. New limits on the state’s eminent domain law through a constitutional change could end the paying of “replacement value” to landowners who sell ...

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