Banking Exchange
JUNE 16, 2021
Mississippi-headquartered BancorpSouth Bank has joined the growing number of banks calling on external consultancies to assist with its handing of current expected credit loss (CECL) rules Compliance The Economy Feature Risk Management Feature3.
American Banker
JUNE 8, 2023
The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.
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CFPB Monitor
FEBRUARY 16, 2022
On February 1, 2022, Mississippi ’s commercial disclosure bill died in committee. Compliance obligations are not likely to arise in any of the other states before the third quarter of 2022. During the week of February 7, 2022, bills were introduced in Utah and Maryland that would require disclosures in commercial transactions.
CFPB Monitor
OCTOBER 25, 2019
(States that provide time-barred debts are extinguished upon the running of the statute of limitations currently include Mississippi, Wisconsin, and, for purchased debts only, North Carolina.).
CFPB Monitor
DECEMBER 5, 2022
CarMax has 180 days to implement these practices, and has agreed to compliance monitoring for a period of five years. Additionally, CarMax is prohibited from directly or indirectly stating in marketing, advertising, or during sale (including vehicle labeling) that a vehicle is “safe” or has been repaired for “safety issues.” .
CFPB Monitor
SEPTEMBER 21, 2015
Robinson, Executive Director, Coalition for a Prosperous Mississippi, Richland, Miss. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Quick, Vice President of Compliance, First Hope Bank, N.A., Katey Proefke – Assistant Vice President of Compliance, Chevron Federal Credit Union, Oakland, Calif.
American Banker
MAY 11, 2016
The Consumer Financial Protection Bureau has charged a Mississippi company with refusing to disclose check-cashing fees to consumers, deceptively pressuring borrowers into taking out multiple payday loans and keeping overpayments.
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