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...
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....
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...
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....
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...
