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Author Archives: Ted Carter

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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CFPB sues All American Check Cashing over ‘deceptive’ tactics

By TED CARTER The U.S. Consumer Financial Protection Bureau filed suit Wednesday against payday lender All American Check Cashing that charges the Madison-based company tricked and trapped check-cashing and loan customers at its 43 stores in Mississippi and a handful of other stores in Louisiana and Alabama. The suit seeks monetary relief against All American and owner Michael Gray, injunctive ...

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CFPB moves to end mandatory arbitration in financial services contracts

By TED CARTER The U.S. Consumer Financial Protection Bureau wants to bar banks, credit card companies and other financial products providers from forcing consumers to agree to arbitration to settle account disputes. Banks, unsurprisingly, oppose the change. “Consumers will get less and pay more,” said Rob Nichols, president and CEO of the American Bankers Association, or ABA. The Consumer Financial Protection ...

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Employment lawyers warn of HB 1523’s workplace pitfalls

By TED CARTER Legal traps are ahead for private employers who impose their religious beliefs in the workplace once Mississippi’s new religiously focused “Freedom of Conscience” law goes into effect July 1, warn employment law attorneys Jaklyn Wrigley and Steve Cupp of the Gulfport office of Fisher & Phillips. The measure set to go into effect July 1 is touted as ...

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