- Associated Press - Friday, January 29, 2016

JACKSON, Miss. (AP) - A payday lending company is seeking a court order to block Mississippi regulators from taking disciplinary action that could shut down the business.

Attorneys for All American Check Cashing Inc. filed a lawsuit Friday in federal court in Jackson.

There was no immediate response from the state.

The suit seeks to block the Mississippi Department of Banking and Consumer Finance from revoking the operating license of All American and from seizing assets or taking other steps to close the Madison-based company.

In June 2014, the department ordered All American to stop some transactions such as using the proceeds from one delayed-deposit check to pay the principal or fee owed on any other delayed-deposit check.

The department also ordered the company to turn over documents for regulators to investigate.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide