15 Feb

Posted at February 15, 2011 in In the News by

Clarion Ledger Editorial Board The House vote Monday for payday lending reform represents precious little reform and appears headed to one of those legislative instances in which "victory" is declared over a problem that remains unsolved The House and Senate conference committee compromise on payday lending legislation last...

15 Feb

Posted at February 15, 2011 in In the News by

Clarion Ledger by Molly Parker Compromise legislation that cleared the House Monday would extend the payday lending industry in Mississippi another 2 1/2 years while lowering the equivalent 572 percent interest rate allowed under current law. Religious and consumer advocates lined up against the bill, saying it didn't...

13 Feb

Posted at February 13, 2011 in In the News by

Clarion Ledger by Jerry Mitchell House Banking Committee Chairman George Flaggs said the House will vote today on whether to adopt payday lending reform to lower Mississippi's 572 percent equivalent interest rate. The House and Senate conference committee agreed on compromise legislation last week. "I can't write a...

10 Jan

Posted at January 10, 2011 in In the News by

Clarion Ledger by Jerry Mitchell Mississippi lawmakers will hear testimony today on whether the state law enabling payday lenders to charge the equivalent of 572-percent interest rate should expire. House Banking Chairman George Flaggs scheduled the public hearing today to allow both sides to explain their positions. The...