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Tag Archives: Mississippi Department of Banking & Consumer Finance

UPDATED: Payday lender All American operating on temporary license

Payday lender All American Check Cashing’s troubles with state regulators have cost it renewal of its annual license. The Madison company instead is operating its 41 stores under a temporary license granted by Mississippi Department of Banking and Consumer Finance regulators who need more time to determine whether the low-dollar lender violated state laws against rolling over short-term loans. Meanwhile, ...

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Banking commissioner's departure opens up replacement question

Mississippi Gov. Haley Barbour or his successor have the option of going into the financial services regulatory realm or into the banking sector itself to replace the retired John Allison as banking commissioner. Allison says the load of regulatory changes facing the financial sector has led state banking supervision offices across the nation to fill their top ranks with seasoned ...

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