by Associated Press Published: December 23,2010
Tags: payday loans
STARKVILLE — The city of Starkville will not issue any permits for new payday lenders for at least a year. The board of aldermen voted Tuesday to extend a moratorium that was scheduled to expire on Jan. 1. The moratorium will be in place at least until aldermen adopt a new comprehensive plan. Payday lenders offer quick cash [...] [...]
by Ted Carter Published: December 19,2010
Tags: Carol Penick, Financial Industry Regulatory Authority, Jamie Fulmer, John Allison, payday loans, Selena Swartzfager
More than 1 in 3 Mississippians took out payday loans or other type high-cost, short-term loans in last five years Mississippi’s legislators faced with having to decide whether to renew a payday lending law in 2012 have a new factor to consider: More Mississippians than ever are living paycheck-to-paycheck. Unless conventional banks make short-term, low-dollar loans more widely [...] [...]
by MBJ Staff Published: October 3,2010
Tags: editorial, payday loans
Ridgeland may have struck a blow against the predatory payday lending business, but be sure the practice will not go away quietly, in Mississippi or anywhere else. The City of Ridgeland’s stricter requirements for new payday lenders, pawnshops and other businesses went into effect last week. The restrictions, among other things, prevents such businesses from coming within [...] [...]
by Associated Press Published: January 22,2010
Tags: finance, municipal government, payday loans, personal loans, title loans
STARKVILLE — The City of Starkville will not issue any permits for new payday lenders for at least a year, according to The Associated Press. The board of aldermen made the decision Jan. 19 after local officials said 20 such lenders in the city are enough. The moratorium will be in place at least until aldermen adopt [...] [...]
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