Mississippi Catholic – Serving Catholics for the Diocese of Jackson Since 1954

Mississippi Catholic – Serving Catholics for the Diocese of Jackson Since 1954

By Maureen Smith JACKSON – Despite opposition from faith leaders and advocacy that is financial, Governor Phil Bryant finalized an expansion of alleged payday financing into legislation on Friday, might 15. The brand new legislation, officially called the “Mississippi Credit Availability Act,” paves just how for short-term loan providers to charge up to 297 per cent interest on loans of $500 for six-months and enables for similar rates of interest on 12-month loans of $2,500. Continue reading “Mississippi Catholic – Serving Catholics for the Diocese of Jackson Since 1954”