Fort Davis State Bank: Elements of a Small Bank Monitoring Program Recently Fort Davis State Bank (FDSB) of Fort Davis, Texas a $78 million three branch institution signed a consent decree with the Department of Justice. The DOJ complaint, based on an FDIC referral, alleged that FDSB charged Hispanic borrowers more for unsecured loans than […]
Yesterday the Department of Justice announced a fair lending settlement with Texas Champion Bank, a $345 million bank in Alice, Texas. The allegations concerned pricing on unsecured consumer loans to Hispanic applicants. The settlement was the result of a 2010 referral by the FDIC. In the settlement Texas Champion agreed to pay $700,000 in restitution […]