Policy Points 44: Good Guys Answer the Call
Providing Safe, Affordable, and Profitable Small Loans as the Regulatory Landscape Evolves
Southern Bancorp Statement on CFPB Decision to Remove Payday Lending Rule
On July 7, the Consumer Financial Protection Bureau (CFPB) announced that it had revoked the mandatory underwriting provisions of the 2017 Payday Lending Rule. This removed the requirement...
Make Your Voice Heard About Payday Lending
By Kathryn Hazelett Back in 2004, Southern was a part of a group called Arkansans Against Abusive Payday Lenders (AAAPL), whose sole purpose was to remove payday lenders...
Southern Bancorp Statement on Recently Announced CFPB Rule Change Affecting Payday Lenders
Little Rock, Ark. – Southern Bancorp, a Community Development Financial Institution (CDFI) with operations in Arkansas and Mississippi, announced its opposition to this week’s proposed Consumer Financial Protection...