Reversing the Tide on pay day loans in Mississippi. Southern Bancorp has been a longtime advocate for policies, programs and items that improve family members financial safety.

Reversing the Tide on pay day loans in Mississippi. Southern Bancorp has been a longtime advocate for policies, programs and items that improve family members financial safety.

Southern Bancorp was a longtime advocate for policies, programs and items that improve household security that is economic. Part of this advocacy includes efforts to eradicate predatory methods such as payday lending. Within our newest Policy Points edition, “Turning a Cycle of Debt and Dependency into Financial protection: Rerouting Payday Loan people in Mississippi,” we look during the present payday lending environment in Mississippi; highlight the necessity for effective pay day loan alternative services and products and strong asset building policies by showcasing classes discovered in Arkansas; provide policy recommendations for increased monetary safety for Mississippians, including payday financing reform; and show a unique alternative payday loan approach in Mississippi, the brand new Roots Credit Partnership, which will be facilitated by the Mississippi Center for Justice through conventional finance institutions and companies for the state. (more…)

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Indiana Community, Faith and Military Groups demand speed Cap on pay day loans

Indiana Community, Faith and Military Groups demand speed Cap on pay day loans

For Immediate Launch

CONTACT: Erin Macey, Senior Policy Analyst, 317-270-0874

Indiana Community, Faith, and Military Groups necessitate speed Cap on pay day loans

Payday Lenders Oppose Phone Telephone Phone Calls to finish Triple Digit Rates Of Interest

Indianapolis, IN – On Wednesday, January 23, Hoosiers from all over their state, including representatives from army associations, faith teams, community help companies, and advocates for housing, civil liberties, and survivors of domestic physical physical violence presented compelling pleas to Indiana senators in regards to the harms of pay day loans within their communities. (more…)

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