Kimberly Jones Merchant, President and CEO of the Mississippi Center for Justice, has defended her organization’s use of funds received from the Consumer Financial Protection Bureau (CFPB). The Center was founded in 2003 to assist low-income Mississippians and communities of color in combating discrimination and poverty. Jones Merchant clarified that the funds in question were used for efforts to combat predatory lending practices, such as setting limits on interest rates charged by lenders.
Jones Merchant emphasized that the Center used the funds to educate the community on financial literacy and establish relationships with banks to help individuals repair their credit and access fairer loans. The organization’s efforts were aimed at protecting consumers and providing second chances to those who have served their time.
In response to recent dismissals of cases by the CFPB against financial institutions like Capitol One, Jones Merchant stressed the importance of transparency in funding sources for non-profit organizations like the Mississippi Center for Justice. Despite facing criticism from the White House, Jones Merchant remains proud of the Center’s work and its dedication to serving marginalized communities in Mississippi.
Overall, Jones Merchant is committed to continuing the Center’s mission of advocating for justice and equality for all Mississippians, regardless of income or background.
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