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Law & Accounting

State's immigration bill has same provisions blocked in federal court

If enacted, Mississippi’s proposed anti-immigration law could encounter the same legal obstacles from federal judges who last week blocked two provisions of Alabama’s law. The U.S. 11th Circuit Court of Appeals issued an order temporarily halting a section that says courts can’t enforce contracts involving illegal immigrants and another that makes it a felony for an illegal immigrant to do ...

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Ms. immigration law would exempt foreign business execs

Mississippi’s anti-immigration legislation mirrors Alabama’s year-old law in most every way except for whom it exempts. HB488, the strict papers-please law winding its way through the Legislature, gives a hall pass to business execs whose companies are authorized to do business in the Magnolia State. The “no papers, no problem” provision for international business executives is designed to help Mississippi ...

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PERS bills strike certain benefits from retirement salary calculations

A pair of identical Mississippi House and Senate bills that tinker with compensation calculations for public employee retirement purposes survived last Tuesday’s cutoff for advancing out of committees. Legislators held off this year tackling major reforms to the Public Employees Retirement System suggested by former Gov. Haley Barbour’s 12-member study commission. Barbour created the commission and pushed for aggressive reforms ...

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BP avoids trial, agrees to pay $7.8B Gulf oil spill claims

BP will pay an estimated $7.8 billion to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill with attorneys representing thousands of individual plaintiffs and businesses on the eve of a major trial in a New Orleans federal court, the company said Friday night. The Washington Post reported the settlement does not include claims made by Mississippi ...

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Threats, lies get debt collection company in very hot water

We all know how cunning and deceiving debt collectors can be. They’ll rely on intimidation and, on occasion, outright lying in their quest to collect tardy debts. An Atlanta collection agency engaged in the practice far too frequently for far too long. Now it must give up attempts to collect on more than 31,000 accounts it purchased for collection purposes. ...

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‘Catholic Day’ or not, Bryant to vow immigration crackdown support

By Ted Carter Gov. Phil Bryant will gather in the Capitol Wednesday with Tea Party allies to detail progress on giving Mississippi an “Alabama-style” law to keep undocumented immigrants from working in the state. The 1:30 p.m. joint press conference with the Mississippi Federation for Immigration Reform and Enforcement and the Mississippi Tea Party could present some awkwardness because of ...

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Some states to use foreclosure settlement money to patch budgets

Seeing a chance to plug budget holes in their states, three governors are laying claim to portions of a recent $25 billion mortgage foreclosure settlement to be paid by five of the nation’s largest banks. Where authority for use of the money rests is not entirely clear. Some media reports say U.S., Attorney General Eric Holder and the 49 attorneys ...

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Hood details spending of state’s $47.1M share of foreclosure settlement

A proposed national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices, Attorney General Jim Hood said Friday in announcing Mississippi’s participation in the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud. The five lenders — Bank of America, ...

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Foreclosure fraud deal offers payments to displaced homeowners

Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal settles charges of systemic and ...

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

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 — Bank of America, JPMorgan ...

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