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Tag Archives: All-American

Settlement shuts down payday lender, cuts fine nearly in half

By TED CARTER All American Check Cashing owner Michael Gray has settled with state banking regulators after years of failed legal appeals over charges his dozens of payday lending stores used illegal loan rollovers to trap borrowers in a cycle of debt. In exchange for Gray dropping further appeals of a license revocation order and civil penalties from the Mississippi ...

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Hinds Chancery judge blocks order closing payday lender All American

UPDATED WEDNESDAY: Payday lender pins hopes on Chancery Court to avoid store closings, $1.58 million fine   A judge on Friday blocked an order by state regulators shutting down one of Mississippi’s largest payday lenders and fining the company more than $1.5 million. The Thursday order by state Banking Commissioner Charlotte Corley followed a monthslong proceeding examining whether All American Check ...

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Lengthy probe, legal tussles end with All American Check Cashing shutdown, $1.5 million penalty

UPDATED WEDNESDAY: Payday lender pins hopes on Chancery Court to avoid store closings, $1.58 million fine By TED CARTER Mississippi officials are forcing Madison-based payday lender All American Check Cashing to close its 70 Mississippi locations and pay a more than $1.5 million fine. The action ordered Thursday followed a multi-year investigation by the Mississippi Department of Banking and Consumer Finance, federal ...

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All American staving off shutdown, fine through legal appeals

By TED CARTER The U.S. Court of Appeals for the Fifth Circuit is the next stop in embattled All American Check Cashing’s fight to keep its 43 Mississippi payday lending stores open and avoid paying a $3 million fine. The Madison-based check casher and payday lender is the first low-dollar, short-term lender charged with running afoul of the state’s law against ...

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Prescott leads field for Conerly Trophy as state's best football player

AROUND MISSISSIPPI — Mississippi State University quarterback and All-America candidate Dak Prescott is among the first three finalists named for the 2014 C Spire Conerly Trophy to be presented at a Dec. 2 awards program. Joining Prescott as finalists are Belhaven University wide receiver Greg Livingston and Mississippi College defensive back Dylan Klibert. Mississippi’s 10 football-playing senior colleges have until ...

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MBJ Editorial: Mississippi has a Heisman to hold on to

While we understand what Secretary of State Delbert Hosemann meant when he said, “If Mississippi ever wins a Heisman trophy, we want to keep it,” there likely are many out there who don’t. Hosemann made the comments in connection with a story, saying a new law could help protect student athletes from sports agents who engage in unethical practices. Mississippi ...

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