Certainly one of Mississippi’s largest payday loan providers ended up being efficiently forced away from company Wednesday following a judge ruled that state banking regulators could revoke the business’s licenses during its benefit of state charges.

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Hinds County Chancery Judge Dewayne Thomas month that is last temporarily obstructed penalties against All American Check Cashing because of the state dept. of Banking and customer Finance. But he ruled Tuesday that is late that would not reinstate All American’s licenses to cash checks or make loans although the company fights their state agency.

The Madison-based business appealed Wednesday into the Mississippi Supreme Court, arguing that also temporary enforcement of charges passed because of the state Department of Banking and customer Finance “is the equivalent of the death penalty” for the business.