Employer-based small-dollar loans aren’t unique to Mississippi.

Employer-based small-dollar loans aren’t unique to Mississippi.

Credit options like New Roots can not enough come soon for places like Jackson.

The republican-controlled Mississippi state legislature has defeated a number of reform efforts designed to rein in the payday lending industry, most notably a far-reaching package of reform bills in 2011 that would have effectively banned payday lending in the state by capping allowable interest rates and fees over the past five years. Payday advances are prohibited in 14 states additionally the District of Columbia. However in Mississippi, like in the remainder country, the lending that is payday has invested vast amounts lobbying to guard its passions.Continue reading