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Author Archives: Ted Carter

New overtime rules mean more money for workers, more challenges for employers

The U.S. Department of Labor’s new rule that doubled the over-time pay threshold puts more money into the pockets of 40,000 Mississippi workers but forces businesses to rethink their work arrangements with managers and supervisors. Managers paid below the new threshold of $47,476 ($913 a week) must be paid overtime regardless of how many hours in a work week they ...

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Feds unlikely to ignore Mississippi’s HB1523, lawyers say

Mississippi’s ‘Freedom of Conscience’ law needs time to ripen, they say U.S. Attorney General Loretta Lynch early this month unloaded on North Carolina’s “transgender bathroom law” with a seldom-seen passion and a lawsuit to boot. She compared North Carolina’s reaction to the legal and political gains of gays, lesbians and transgender people to the anger that followed President Lincoln’s Emancipation ...

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Mississippi’s expansion of short-term lending starts July 1

The wall that separated payday ending and car title lenders came down last week with Gov. Phil Bryant’s signing of legislation designed to keep short-term loans available after the U.S. Consumer Financial Protection Bureau enacts sweeping new reforms on June 2 as expected. Lenders in the business of making short term, low-dollar loans say they expect the Consumer Financial Protection ...

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Jackson Evers gets mixed news on bond ratings

  By TED CARTER The debt rating for the Jackson Municipal Airport Authority got a “negative” outlook from Moody’s Investment Services last week but avoided a downgrade from Fitch Ratings Service. The plus for the Airport Authority’s debt of approximately $39 million is a BBB+ maintained by Fitch. That rating came with a downgrade from A- in spring 2014 on ...

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Federal watchdog sues All American Check Cashing over ‘deceptive’ tactics

By TED CARTER A U.S. Consumer Financial Protection Bureau investigation of payday lender All American Check Cashing has led to a lawsuit that alleges the company’s stores in Mississippi, Louisiana and Alabama carried out a company-wide policy of deceiving customers who cashed checks or took out payday loans with them. The suit filed May 11 in the U.S. District Court Southern ...

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Wall Street Journal calls Ridgeland’s war on apartments ‘government abuse’

By TED CARTER Ridgeland’s plan to displace thousands of apartment residents, many of whom are minorities, is edging into the national spotlight. The Wall Street Journal editorial page took up the issue Saturday with a characterization of the  Ridgeland strategy as government abuse that attempts an end-run around the Constitution. The goal is to accomplish what eminent domain can no longer ...

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Butler Snow expands into Texas

Ridgeland-based Butler Snow has expanded into Texas with the addition of attorneys Martin A Sosland, Gary W. Davis and José M. Luzarraga. Sosland will practice in the bankruptcy and restructuring group in Dallas; Davis and Luzarraga will practice with the firm’s product liability group in Austin and Dallas respectively. “Texas is an important strategic market for the firm and we ...

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Senate earmarks $250M to dredge ‘strategic’ ports, including Port of Gulfport

Legislation that would allocate $250 million to fund  deep-draft harbor and channel dredging for commercial ports such as the Port of Gulfport that have been designated as “strategic” to national security won Senate approval Thursday. U.S. Sen. Thad Cochran of Mississippi said the money will help the Port of Gulfport prepare to fulfill its role as one of 17 commercial ...

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