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Southern Bancorp has been a longtime advocate for policies, programs and items that improve family members economic safety. an integral part of this advocacy includes efforts to remove practices that are predatory as payday financing. Within our latest Policy Points edition, “Turning a Cycle of Debt and Dependency into Financial safety: Rerouting Payday Loan people in Mississippi,” we look during the present payday lending environment in Mississippi; highlight the necessity for effective pay day loan alternative services and products and strong asset building policies by showcasing lessons discovered in Arkansas; provide policy recommendations for increased monetary safety for Mississippians, including ...

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