15 Feb Payday loan bill passes in House

Posted at February 15, 2011 in In the News by Mississippi Center for Justice

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...

Read More

13 Feb House to vote on payday bill

Posted at February 13, 2011 in In the News by Mississippi Center for Justice

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...

Read More

12 Feb Proposed payday loan law does little, should not pass

Posted at February 12, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger By Ed Sivak, Guest columnist With conference report now filed on House Bill 455, the payday lending reform debate moves into its final stages. Though some changes have been made, if lawmakers pass the bill, Mississippi will remain home to some of the most expensive...

Read More

01 Feb Gov.’s office: Trip not tied to payday lending bill

Posted at February 01, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger Jerry Mitchell Gov. Haley Barbour met with the nation's biggest payday lender when he traveled last week to South Carolina to seek support for a possible presidential run. His visit with donors, community leaders and Republican activists included representatives of Advance America, based in Spartanburg, S.C....

Read More

24 Jan Religious, NAACP leaders: Let payday law die

Posted at January 24, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger By Jerry Mitchell Mississippi religious leaders called Monday for state lawmakers to let a law sunset that permits payday lenders to charge the equivalent of 572 percent interest. The Rev. Frank Spencer, chief executive officer of Stewpot Community Services in Jackson, said payday lending is immoral...

Read More

21 Jan Payday loan bill amended

Posted at January 21, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger The Senate Banking Committee amended a House bill Thursday aimed at reducing the 572-percent equivalent interest rate on payday loans, making it more palatable to the lenders. Read the full story here....

Read More

10 Jan Payday lenders hearing today

Posted at January 10, 2011 in In the News by Mississippi Center for Justice

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...

Read More