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Southern Bancorp was a longtime advocate for policies, programs and items that improve family financial safety.

part of this advocacy includes efforts to remove practices that are predatory as payday financing. Inside our latest Policy Points edition, “Turning a Cycle of Debt and Dependency into Financial protection: Rerouting Payday Loan people in Mississippi,” we look in 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 learned in Arkansas; provide policy recommendations for increased monetary safety for Mississippians, including payday financing reform; and have a unique alternative payday loan approach in Mississippi, the latest Roots Credit Partnership, that will be facilitated by the Mississippi Center for Justice through conventional banking institutions and companies through the entire state. Continue Reading…