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Tag Archives: Mississippi Department of Banking and Finance

Federal judge: Let payday lender All American air case

By TED CARTER A federal judge Friday put a speed bump in front of Mississippi banking regulators seeking to shut down payday lender All American Checking Cashing over allegedly collecting illegal fees from borrowers. The Department of Banking and Finance can’t revoke the licenses for All American’s 43 stores and force payment of a $3 million penalty without giving the payday lender ...

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Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau

All American Check Cashing’s refusal to answer complaints has led the Better Business Bureaus in Mississippi and Alabama to give grades of “F” to the Madison payday lender that the Mississippi Department of Banking & Finance says did loan rollovers that violated state law. The Department of Banking & Finance put All American Check Cashing and its 41 stores in ...

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State regulators probe All American Check Cashing on suspicion of violating loan rollover law

Madison payday lender All American Check Cashing is under a “cease and desist” order after refusing to let examiners from the Mississippi Department of Banking and Finance review its records for signs of illegal lending. The order followed a state raid on 15 of the company’s 41 Mississippi stores, a former executive of All American Check Cashing said. Examiners say ...

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