Thursday, June 30, 2016

BancorpSouth fined $10.6 million for discriminatory lending, redlining

BancorpSouth will pay $10.6 million to settle charges against the bank by the Department of Justice and the Consumer Financial Protection Bureau, which accused the Mississippi-based bank of redlining and discriminatory lending practices. The agencies accused BancorpSouth of a number of discriminatory practices, including illegally redlining in Memphis, and implementing an “explicitly discriminatory loan denial policy.”

from Byrd Mix via byrd memphis developer

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