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 Bureau (CFPB) rule change that would remove...
Coming Soon: Debit Card Fraud Text Alerts!
We’re excited to announce we’ll be adding Text Fraud Alerts as part of our debit card protection program in the coming weeks. Keeping your account safe and secure is our highest priority. You’ll soon begin receiving text alerts when suspicious activity is detected on...
Smart Tips for Back to School Shopping
It’s that time of year again. New teachers, new classrooms, and a long list of things to buy for any kid going back to school. Stay smart with your back to school shopping by following these tips from the FTC: Shop with a list Take inventory of the clothing and...
Consumer Alert: Social Security Administration Scams
No matter how reputable a company sounds, they are most likely scammers if they make the first contact and ask for sensitive information over the phone. The Federal Trade Commission warns us that scammers are impersonating the Social Security Administration in order...
6 Tips for Building Wealth in 2018
Most people make New year’s resolutions, so why not banks? Southern Bancorp’s New Year’s resolution is to be wealth builders for everyone. This year we want to help you save for the future, pay off debt, rebuild credit, buy a home or start the business you’ve been...
Policy Points 45: Southern Bancorp Community Partners IDA Program
A Solid Tool For Investment The Southern family of companies is committed to moving people out of poverty and onto the path toward wealth creation and financial stability. We believe that asset development is a key component to wealth building, as it is one of the...New York Post: How America is fighting back against predatory lending
By Salena Zito CLEVELAND, MISS. — It was such an easy trap to fall into. All Jennifer Williams needed was an extra $100 to make it to her next paycheck. Back in 2006, she had just started teaching at the local high school and money was tight. The then-24-year-old knew...
Consumer Alert: Holiday Scams and Malware Campaigns
‘Tis the season for family, faith, tradition…and,unfortunately, scammers. Make sure you are protecting you and your family during this holiday season. Be sure to browse and shop online only on trusted websites. Emails and e-cards from unknown senders may...