Category: Public Policy Blog
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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…
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The direct benefits of direct deposit
A couple of weeks ago, we touched on the importance of having both a checking and a savings account. We mentioned that having your money in two separate…
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Saving Time and Money at Tax Time
As we continue talking about tax time and ways to save, one thing that we’ve left out of the conversation is the complexity we all face when trying…
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Checking vs Savings: The Showdown
We’ve recently written about two ways to help folks save more at tax time. One is to split your tax refund – put some of your refund into…
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A little “nudge” can do us good
We’ve all been nudged before. But did you know there are different types of nudges? Behavioral economists (those folks who look at why we make the choices we…
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How a little line can add up to big savings
Most (if not all) of us should be saving more. We know we need a financial cushion for life’s inevitable emergencies[1]. If we have children, we know we…
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Dr. Karama Neal Named President of Southern Bancorp Community Partners
Little Rock, Ark. – Southern Bancorp, Inc. CEO Darrin Williams announced today that Dr. Karama Neal has been named President of Southern Bancorp Community Partners (SBCP), a 501(c)(3)…
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Cliff-Jumping Without a Parachute: The State of Retirement Today
By Kathryn Hazelett Are you prepared to jump into retirement? Do you anticipate a soft landing or does it feel more like jumping off of a cliff without…
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Keep Your Eye on the Prize… (Linked Savings)
By Kathryn Hazelett Practically everyone knows that we should be saving, and yet we still don’t do it. Or at least we don’t save enough. Add our general…
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Happy Earned Income Tax Credit Awareness Day!
President Ronald Reagan called the federal Earned Income Tax Credit ’the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” This Friday,…
