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Tag Archives: Hope Federal Credit Union

Hope begins credit union at Provine High School

By JULIA MILLER Hope Federal Credit Union is working toward making the future brighter by providing Provine High School students with the knowledge of financial tools and services that can help them gain success. By opening the first student-run credit union branch in Jackson, it is giving business academy students the opportunity to hone what they have learned in the ...

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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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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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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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