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Tag Archives: Check Cashers Act

Key figure in expanded prison probe netted big dollars from payday lending groups

By TED CARTER Madison businessman Irb Benjamin, indicted last week in connection with paying bribes in exchange for prison contracts, made $198,000 in recent years lobbying for Mississippi’s check cashing & payday loan industry. Benjamin pleaded not guilty Aug. 21 to federal bribery and kickback charges that could land him in prison for 20 years and a $250,000 fine for each ...

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Lawmakers once again reject bill to repair payday lending glitch

Rep. Adrienne Wooten, a Hinds County Democrat, tried unsuccessfully again this year to fix a glitch in Mississippi’s payday lending law that was suppose to give borrowers 30 days to repay loans of more than $250. Instead of the 30 days, borrowers have been getting only two weeks to repay the loans before new fees kick in. A provision in ...

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