Monthly Archives: July 2016

Using BancorpSouth as a Learning Opportunity for Redlining

On June 29, 2016, a new case was added to the growing list of evidence signaling the importance of redlining as a key area of focus for Fair Lending compliance. In a joint effort between the Consumer Finance Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ), BancorpSouth was accused of several discriminatory practices related [...]

July 19th, 2016|

In Joint Action, BancorpSouth Fined 10.6M for Redlining

BancorpSouth Bank will pay more than $10 million to settle a redlining suit in Mississippi federal court alleging it used mortgage lending policies that unlawfully discriminated against blacks and other residents of predominantly minority communities, federal authorities said Wednesday. The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) issued a statement saying BancorpSouth [...]

July 6th, 2016|