Reversing the Tide on payday advances in Mississippi

Reversing the Tide on payday advances in Mississippi

Southern Bancorp was a longtime advocate for policies, programs and items that improve family members security that is economic https://titlemax.us/payday-loans-mo/brunswick/.

Part of this advocacy includes efforts to eradicate predatory methods such as payday financing. Within our latest 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 items 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 have a brand new alternative payday loan approach in Mississippi, the newest Roots Credit Partnership, which will be facilitated because of the Mississippi Center for Justice through old-fashioned finance institutions and companies through the state. Continue reading “Reversing the Tide on payday advances in Mississippi”