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Tag Archives: banking

SELENA SWARTZFAGER: Students best prepared by Master Teachers of Economics

Last week, 20 teams from 18 schools from throughout Mississippi competed, flexing their intellectual muscle and testing their economic knowledge at the state Economics Challenge.  In its 12th year and made possible by BankPlus, Blue Cross & Blue Shield of Mississippi, State Farm, Millsaps College, and Security Ballew, Inc. and delivered by the Mississippi Council on Economic Education, high school ...

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CFPB wants repay ability at center of new payday loan rules

By TED CARTER Drawing from a doctrine applied to new rules for residential mortgages, the U.S. Consumer Financial Protection Bureau is proposing that payday lenders verify a borrower’s ability to repay before making a short-term, low dollar loan. Payday lenders now require that borrowers have both a source of income and an active checking account. But the CFPB wants to require ...

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Banking association ‘hit a home run’ with women’s conference

By LISA MONTI About 150 women attended the 2015 Women in Banking Conference March 24 in Jackson. The third annual conference provided women bankers with information on how to be successful in the financial industry and also was an opportunity for them to network with their peers and talk about career challenges and solutions. “The MBA Women in Banking Conference provides ...

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IKE TROTTER: Protect yourself from identity theft

Whether they’re snatching your purse, diving into your dumpster, stealing your mail, or hacking into your computer, there are bad people out there. Who are they? Identity thieves. Identity thieves can empty your bank account, max out your credit cards, open accounts in your name, and purchase furniture, cars, and even homes on the basis of your credit history. If ...

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With S&P suit settled, Mississippi set to take on Moody’s over flawed investment ratings

By TED CARTER A recent big-dollar settlement with Standard & Poor’s over misleading ratings put on sub-prime mortgage-backed securities before the 2008 financial collapse has cleared the way for Mississippi and Connecticut to resume a similar case against Moody’s Ratings Service. The two states put their action against Moody’s on hold during settlement negotiations with S&P that resulted in a Feb. ...

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MAKING DREAMS COME TRUE — Mississippi bankers see increase in young homebuyers

By BECKY GILLETTE With rent going up in many areas, and employment rising as the economy improves, home buying is beginning to improve in some areas of the state. “Lower rates are improving housing affordability relative to rents, and many of the recent applicants think this is a good time to buy,” said Scott Dickey, mortgage division president, BancorpSouth, Tupelo. ...

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IKE TROTTER: lt’s time to get a handle on your budget

Do you often wonder about where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Here’s a few first of the year ideas that might help you ...

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U.S. Treasury Department awards Mississippi more than $4.4 million in state small business credit initiative funds

The U.S. Treasury Department has awarded Mississippi more than $4.4 million in State Small Business Credit Initiative funds, which will be disbursed by the Mississippi Development Authority. The funds will assist the state’s small businesses with accessing the capital needed to grow and create jobs. To date, more than $13 million in SSBCI funds have been allotted to MDA to ...

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Wesley Health Systems Federal Credit Union to merge with Keesler Federal Credit Union

BILOXI –  Wesley Health Systems Federal Credit Union, located in Hattiesburg, will merge with Keesler Federal Credit Union on Feb. 28, 2015.  First chartered in 1968 to serve employees of the former Methodist Hospital, Wesley FCU now serves all of Forrest County and select employee groups in Forrest, Lamar and Marion Counties. Wesley FCU will assume the name of Keesler ...

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