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Lawmakers yet again reject bill to fix lending glitch that is payday

Lawmakers yet again reject bill to fix lending glitch that is payday Rep. Adrienne Wooten, a Hinds County Democrat, attempted unsuccessfully once more this current year to repair a glitch in Mississippi’s payday lending legislation that was suppose to provide borrowers thirty days to settle loans of greater than $250. Rather than the 1 month, borrowers were getting just a couple of weeks to settle the loans before brand brand new charges activate. A supply in Mississippi’s 2012 Checking Cashing Act established two tiers of loans, the very first tier using to loans of $250 or below and als...
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