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Tag Archives: finance

Young bankers keeping watch on young customers

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By LISA MONTI When Parker England, first vice president of Planters Bank & Trust Co. in Greenville, looks to the future of the banking industry, a couple of things grab his attention. One is finding ways for his bank to make a profit in an increasingly competitive market. The other is providing his customers with what they need and expect in ...

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IKE TROTTER: Weighing in on reverse mortgages

More and more we see on TV or read in the paper about Reverse Mortgages and the opportunities available for homeowners to “unlock” the equity in their home. I thought it might be helpful to discuss this unique type of home equity loan and the resulting implications they offer to homeowners, particularly those who are retired and elderly. Created in ...

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Regions only one of several lenders in trouble over overdraft fees

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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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Metropolitan Banks first women’s forum a huge success

Cascading parasols in Duling Hall set the “high tea” theme for the event

Metropolitan Bank recently hosted the inaugural Metropolitan Women’s Forum.  The breakfast, held on April 21st at Duling Hall in Jackson, attracted over 100 influential women leaders from the Jackson area.  Metropolitan is a seven year old bank which recently reached $1 billion in assets, and boasts a very strong core of women leaders.  With this in mind, a few of ...

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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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