BancorpSouth will pay $10.6 million to settle charges against the bank by the Department of Justice and the Consumer Financial Protection Bureau, which accused the Mississippi-based bank of redlining and discriminatory lending practices. The agencies accused BancorpSouth of engaged in a number of discriminatory practices, including illegally redlining in Memphis, and implementing an “explicitly discriminatory loan denial policy.” http://www.housingwire.com/articles/37405-bancorpsouth-fined-106-million-for-discriminatory-lending-redlining ❤️ #share #mortgage
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