Categorized | Mississippi

Wait and see

The Mississippi bill regarding payday lending will die if the state House and Senate can’t agree:

“It’s a work in progress,” House Banking Committee Chairman George Flaggs, D-Vicksburg, said Friday, after the Senate passed House Bill 455 in a 33-13 vote. “Unless there’s some type of real consensus, it may be best to leave it alone this year.”

The state law enabling payday lending expires in 2012.

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