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HOPE Federal Credit Union opening for business in Greenville

HOPE Federal Credit Union, an arm of non-profit Hope Enterprise Corp., will cut the ribbon at 10:30 a.m. Tuesday on its full service location in Greenville. HOPE Federal has had a limited operation in Greenville for 20 years. The location at 546 Martin Luther King Jr. Blvd. will expand those offerings, giving members access to checking accounts, loans and mortgages ...

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New federal rules set for appraisal management companies

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

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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Jackson County to vote on tourism tax

PASCAGOULA — Jackson County supervisors have decided to go ahead with a special election June 23 for a 2 percent tourism tax on hotel and motel rooms, rather than wait for the November general election. The Sun Herald reports voters will be asked to decide whether to institute the tax to support tourism. Renee Areng, executive director of the Mississippi ...

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Innovate Mississippi in ‘fund-a-thon’ to raise start-up prize money

Innovate Mississippi kicks off a 24-hour fund-a-thon at 11 central tonight and through 11 Tuesday night to raise prize money for winners of a venture challenge later this month. The idea is to help “great new startup ventures in Mississippi,” Innovate’s CEO Tony Jeff said in an email to media and supporters of the organization that helps both creative economy ...

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Man sentenced for making counterfeit IDs for immigrants

GULFPORT — Prosecutors say a Louisiana man has been sentenced to 13 months in prison after selling counterfeit immigration papers to illegal immigrants in southern Mississippi. The Sun Herald reports 27-year-old Pedro Alberto Perez pleaded guilty to a charge of possession of counterfeit documents April 21 in Gulfport. Court records show Perez met with customers who wanted to buy a ...

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Distressed mortgage borrowers get 6 extra months under new HUD rules

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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Sometimes it’s better to receive — U.S. gaining more China jobs than it’s losing

By TED CARTER The newest assessment of the movement of jobs and investment back to the United States from oversees shows 2014 continued to tilt the jobs competition in the U.S.’s favor. But the United States is still three million to four million jobs short of regaining the number lost since the emergence of Asia, China in particular, as industrial giants. ...

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STRUCTURE: Ellis Steel in West Point provides the framework for major projects in Mississippi and nationwide

Ellis Steel Co. has been in business for 83 years, the last 30 years under the current management, an impressive record for longevity on both counts. President and general manager Frank Hopper, who has been with Ellis since 1980, had a simple explanation for why the company has successfully operated for so long. “Our success is attributed to the hard ...

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Firms’ donations focus on education

Big businesses in Mississippi not only provide some of the best paying jobs in the state, they are known for generously supporting charitable programs of many different types throughout the state. The big businesses often put a lion’s share of their charitable resources behind educational programs. “Education has been our priority for more than a century, and raising graduation rates ...

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