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, […]

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 […]

Note: This blog is the first in a three-part series exploring the Consumer Finance Protection Bureau’s 2015 Fair Lending Report. Earlier this month the Consumer Finance Protection Bureau released its annual report of supervisory and enforcement action. The 2015 report includes insights into a number of high-profile actions the Bureau took last year – several […]