Public Policy

Delta Dreams

June 5th, 2008


Southern Bancorp’s comprehensive community revitalization efforts in Helena-West Helena were featured on an award winning AETN documentary titled “Delta Dreams.” The documentary won a Silver Screen Award in the social issues category of the U.S. International Film and Video Festival.

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 Archive: June 2008 | Section: Phillips County, Public Policy, Southern Bancorp, Southern CDC, Southern Financial Partners, Southern Good Faith Fund

McDaniel walks fine line with payday lending crackdown

April 15th, 2008
By Andrew DeMillo // The Helena Daily World


Attorney General Dustin McDaniel has become the champion of payday lending opponents, vowing to shut down an industry that they say preys on the poor and traps them in debt.

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 Archive: April 2008 | Section: Other Related News, Public Policy, Southern Good Faith Fund

Payday lenders must shut down or face lawsuits, AG says

March 19th, 2008
By Jason Wiest // Arkansas News Bureau


LITTLE ROCK - Payday lenders throughout Arkansas must shut down immediately or face the likelihood of lawsuits, Attorney General Dustin McDaniel said Tuesday.

McDaniel said he sent letters to about 60 companies that run 156 payday lending outlets in Arkansas, telling them to cease and desist their practices.

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 Archive: March 2008 | Section: Public Policy, Southern Bancorp, Southern Good Faith Fund

Ark. AG asks payday lenders to shut down or face lawsuits

March 19th, 2008
By Andrew DeMillo // Associated Press


LITTLE ROCK (AP) — Arkansas Attorney General Dustin McDaniel moved Tuesday to shut down payday lending companies in the state, saying the fees they charge harmed the working poor and violated the state constitution’s ban on high-interest loans.

McDaniel sent letters to about 60 companies that operate 156 payday lending locations in the state, asking them to shut down immediately and void customers’ debts or face the likelihood of lawsuits.

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 Archive: March 2008 | Section: Public Policy, Southern Bancorp, Southern Good Faith Fund

Arkansas enforces 17 percent interest rate cap, chases out payday lenders

March 19th, 2008
Source: Center For Responsible Lending


Southern Good Faith Fund’s Policy Team has been leading the Arkansans Against Payday Lending coalition.

Good news out of Arkansas: after a hard-fought legal and political battle, the state should soon be rid of predatory payday lending.

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 Archive: March 2008 | Section: Other Related News, Public Policy, Southern Bancorp, Southern Good Faith Fund

New program matches funds for college

February 12th, 2008
By Jessica Bauer // Log Cabin Democrat


The future of Arkansas is in the hands of the children and education officials, along with Sen. Gilbert Baker, visited Sallie Cone Elementary School Friday to present a new way to make the future a little brighter.

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 Archive: February 2008 | Section: Aspiring Scholars, Public Policy, Southern Bancorp, Southern Good Faith Fund

Another Group Pitches New Severance Tax Ideas

January 29th, 2008
Source: KTHV Channel 11


The debate over increasing the severance tax on natural gas is building momentum in Arkansas.

Right now, gas companies pay Arkansas three-tenths of a cent for every 1,000 cubic feet taken from the Fayetteville shale play. The rate is one of the lowest in the country.

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 Archive: January 2008 | Section: Media, Public Policy, Southern Bancorp, Southern Good Faith Fund, Video

Southern Good Faith Fund proposes severance tax increase to finance trust fund for higher education

January 29th, 2008
Source: SGFF Press Release


LITTLE ROCK— Southern Good Faith Fund’s Public Policy program today released a report that proposes creating an Arkansas Promise Trust Fund to help more Arkansans go to college, financed by an increase in the state’s historically low severance tax on natural gas.

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 Archive: January 2008 | Section: Press Releases, Public Policy, Southern Bancorp, Southern Good Faith Fund

FDIC wants millions more in ‘mainstream’

December 20th, 2007
Source: Arkansas State Bank Department


There are an estimated 28 million” unbanked” and 44.7 million “underbanked” people in the United States today, representing a potential market of 40 million households with little or no current relationship with a financial institution.

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 Archive: December 2007 | Section: Public Policy, Southern Bancorp, Southern Good Faith Fund

Study: One third of Ark. payday lenders not regulated

December 20th, 2007
By Andrew DeMillo // Associated Press


LITTLE ROCK (AP) - More than a third of the payday lenders operating in Arkansas are not being regulated, opponents of the lending practice said in a study released Wednesday.

The study by Arkansans Against Abusive Payday Lending, a coalition of groups seeking to end the practice of payday loans, said the state has improved its licensing of payday lenders but called for more oversight.

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 Archive: December 2007 | Section: Public Policy, Southern Bancorp, Southern Good Faith Fund

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