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Podcast: ‘Folks Who Are Low-Wealth Also Need Wealth Advisers’

ABA Community Banking

Homeownership, savings and holding down a job are three keys to financial well-being and moving out of generational poverty, so that's what Southern Bancorp focuses on in its home Mississippi and Arkansas Delta region, one of the nation's poorest.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported.

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Training Employees to Soar at Community Bank in Mississippi

American Banker

Roughly once a quarter senior executives at Community Bank in Brandon, Miss., take a select group of up-and-coming managers on a three-day retreat. The trips are part of a management training course known as the Falcon Program that took flight in 2012.

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CFPB Accuses Check Casher All American of Deceptive Acts

American Banker

The Consumer Financial Protection Bureau has charged a Mississippi company with refusing to disclose check-cashing fees to consumers, deceptively pressuring borrowers into taking out multiple payday loans and keeping overpayments.

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Energy Lenders in Hot Seat After Warning from Big Gulf Coast Bank

American Banker

Word that Hancock Holding in Mississippi would more than double its loan-loss allowance has triggered broader questions about how the oil slump could spread beyond the energy portfolios of a whole class of banks.

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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

So, while the average FICO® Score is increasing over time at the national level, what about at the state or city level? While 31 states (and the District of Columbia) have an average score higher than the national average of 706, we generally see that the Midwest and New England states have the highest average FICO® Scores.

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Hurricane Insurance: What is Covered & What is Not Covered

MyBankTracker

However: There are many exclusions, caveats, and restrictions you should be aware of on these policies as you seek to insure a property in a hurricane-prone region. Wind damage can also affect power lines and knock out power grids in an affected region for days, weeks, or even months. Mississippi. Connecticut. Massachusetts.