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PERS bills strike certain benefits from retirement salary calculations

A pair of identical Mississippi House and Senate bills that tinker with compensation calculations for public employee retirement purposes survived last Tuesday’s cutoff for advancing out of committees. Legislators held off this year tackling major reforms to the Public Employees Retirement System suggested by former Gov. Haley Barbour’s 12-member study commission. Barbour created the commission and pushed for aggressive reforms ...

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‘Catholic Day’ or not, Bryant to vow immigration crackdown support

By Ted Carter Gov. Phil Bryant will gather in the Capitol Wednesday with Tea Party allies to detail progress on giving Mississippi an “Alabama-style” law to keep undocumented immigrants from working in the state. The 1:30 p.m. joint press conference with the Mississippi Federation for Immigration Reform and Enforcement and the Mississippi Tea Party could present some awkwardness because of ...

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Noxubee Refugee name change honors late FWS director Hamilton

President Obama signed into law Tuesday legislation to change the name of Noxubee National Wildlife Refuge in Mississippi to the Sam D. Hamilton Noxubee National Wildlife Refuge, in honor of the late director of the U.S. Fish and Wildlife Service. “It is fitting that Sam’s distinguished career and extraordinary contributions to wildlife conservation – and especially the National Wildlife Refuge ...

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ABA: Obama bank tax will sacrifice $600 billion in loans

The American Bankers Association reacted harshly Monday to President Obama’s proposal to levy a 10-year tax on the banking industry that would raise $61 billion to help U.S. homeowners refinance. Obama had previously proposed a “financial crisis responsibility fee” on financial firms with assets exceeding $50 billion. That idea has been changed into a proposal to tax banks to help ...

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Hood details spending of state’s $47.1M share of foreclosure settlement

A proposed national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices, Attorney General Jim Hood said Friday in announcing Mississippi’s participation in the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud. The five lenders — Bank of America, ...

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Foreclosure fraud deal offers payments to displaced homeowners

Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal settles charges of systemic and ...

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks — Bank of America, JPMorgan ...

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