HATTIESBURG, MS. (WDAM) - Helping Mississippi residents achieve positive financial health was the focus of a workshop Monday at Southern Miss.
Presenters from a variety of state, federal and other financial institutions worked to educate one another about what they are doing to ward off scams and predatory lending practices that can hurt people. Their goal is to use this knowledge to benefit Mississippi consumers.
A representative from the Federal Reserve gave a presentation on the importance of financial stability, while the state Attorney General's office discussed what they are doing to protect residents from financial crimes.
This workshop was the first of it's kind at USM's Trent Lott Center for Economic Development and Entrepreneurship. Brent Hales is the Director of the Center and offered some key advice for Mississippi consumers.
"Read the fine print. Second, is that you should befriend a banker. Know a banker, get to know them so that they know you. So if you have questions ask them. That is the best thing we can do is to get as much information as we possibly can," said Hales.
The workshop was sponsored by Southern Miss, the Federal Reserve Bank of Atlanta and the Mississippi Development Authority.