CFPB and DOJ settle fair lending claims involving allegations of redlining, discretionary underwriting and pricing, and overt discrimination

Barbara S. Mishkin The CFPB and DOJ recently announced a proposed consent order with BancorpSouth Bank to settle charges that the bank's mortgage lending practices violated the Fair Housing Act and the Equal Credit Opportunity Act.  In addition to allegations of redlining and discrimination resulting from discretionary underwriting and pricing, the agencies’ joint complaint filed in federal court... More >...(read more)

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