Significantly more than about ten years ago, we penned an account noting that approximately 1,200 payday loan providers had been operating in Mississippi, with just New Mexico and Southern Dakota having more payday loan providers per 100,000 population than Mississippi, based on a report.
Within the years, it seems absolutely absolutely absolutely nothing changed. I do believe the past We heard Mississippi now leads the country per capita into the true amount of such companies.
Mississippi banking and finance regulators additionally the authorities recently took action against a check cashing/payday financing company.
The federal customer Financial Protection Bureau has expected a judge that is federal purchase All American Check Cashing Inc.