Acting Assistant Director Dave Ueijo

In late January the CFPB announced that Rohit Chopra was being nominated to replace Kathy Kraninger as Director of the CFPB.  In the interim between that announcement and today, an Acting Assistant Director, Dave Ueijo, has been appointed.  In his memo to the CFPB staff Ueijo made several comments that compliance officers should be aware […]

Charter Bank Fair Lending Settlement with the Department of Justice

The Department of Justice and Charter Bank of Corpus Christi, Texas have announced the settlement of the fair lending suit referred to the DOJ by the Federal Deposit Insurance Corporation. This suit is one of a long line of fair lending legal actions brought by regulators. While the provisions of the settlement contain some familiar provisions, […]

Mystery Shoppers Expose Alleged Redlining at BancorpSouth

This month yet another financial institution has entered into a consent order with the Department of Justice and Consumer Finance Protection Bureau over allegations of discriminatory mortgage lending practices. BancorpSouth Bank, headquartered in Tupelo, Miss., is accused of: Structuring their lending area to avoid and/or discourage mortgage applications from consumers in minority areas (also known […]