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Author Archives: Ted Carter

(UPDATE) Mississippi seeks its own reckoning with JPMorgan over illegal debt collections

By TED CARTER Mississippi joined California in staying out of a legal settlement announced Wednesday by which JPMorgan Chase will pay 47 states and the federal government $125 million for illegal consumer credit collection practices. The settlement announced by the U.S. Consumer Financial Protection Bureau and the attorneys general of several states also includes $50 million in restitution to credit card ...

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Amerigo alums making mark as independent restaurant group

By TED CARTER Call them the four Amerigos. A partnership formed at Amerigo years ago has led David Conn, Doug Hogrefe, Ben Brock and Paul Schramkowski to create a casual dining enterprise on track to reach sales of $30 million annually, pay off its debt and open two additional restaurants in the fall. They seek simplicity over complex market analyses, preferring ...

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State looking to Hood for guidance on same-sex benefits signups

By TED CARTER State officials are awaiting word from Mississippi Attorney General Jim Hood on when to extend worker benefits to the same-sex spouses of state and school employees. The Department of Finance and Administration, the state agency that administers worker benefits to state and public school workers, says it needs guidance from Hood on whether to make the benefit signups ...

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Same-sex couples have few private workplace protections in Mississippi

  By TED CARTER  The U.S. Supreme Court has declared same-sex marriages legal but huge gaps remain in protecting gays, lesbians and transgender Americans from discrimination in private-sector hiring, firing and worker benefits. So says Matthew Steffey, a Mississippi College School of Law professor whose expertise includes civil rights and constitutional law. “Married in the morning, fired in the afternoon” ...

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CFPB investigators enlisting help of former managers of All American Check Cashing stores

By TED CARTER The U.S. Consumer Financial Protection Bureau has extended its investigation of Madison-based All American Check Cashing to include questioning of former managers of the company’s check cashing and payday lending stores. The Bureau had been reported to have sent investigators to Jackson to interview current and former executives of All American Check Cashing. But the Bureau’s interest ...

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BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover

Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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Canton drugstore — the state’s oldest — is pioneer in walk-in video health care clinics

Mississippi’s oldest drug store is the launching pad for one of the state’s newest healthcare endeavors. Mosby’s Drug Store, founded in Canton by three Mosby brothers in 1843, is the first in a string of walk-in telehealth clinics that telehealthONE will put in rural parts of Mississippi in the coming months and years. It’s a new avenue for Mississippi-based telehealthONE ...

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Completion expected late this year for One Eastover Center, with hotel to follow

The end of 2015 will see completion of the office building component of Jackson’s District at Eastover followed a few months later by completion of a neighboring Residence Inn by Marriot, developers say. Construction has started on the hotel component of the $150 million District at Eastover mixed-use development at Interstate 55 and Eastover Drive. Developers say the four-story, 95-suite ...

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George Marx seeking lighter regulatory load for Mississippi banks as MBA chief

Mississippi’s banks withstood the blows of the last decade’s national banking crisis far better than many of their counterparts across the country. But it’s unclear how well they will withstand the regulatory consequences of the crisis. Career banker George Marx is trying to make sense of it all has he begins his year as chairman of the Mississippi Bankers Association. ...

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