and Consumer Financial Protection Bureau Reach

AR 2016 Community Banks / Credit Unions

DOJ Redlining

Penalty

$7 million

Outcome

Justice Department and Consumer Financial Protection Bureau Reach Settlement with BancorpSouth Bank to Resolve Allegations of Mortgage Lending Discrimination

Details

and Consumer Financial Protection Bureau Reach — DOJ Enforcement (2016)

Outcome: Justice Department and Consumer Financial Protection Bureau Reach Settlement with BancorpSouth Bank to Resolve Allegations of Mortgage Lending Discrimination

How Crucible Prevents This

Crucible's fair lending compliance module monitors geographic lending patterns and flags statistical disparities before they become enforcement targets.

Source: DOJ Press Release — Justice Department and Consumer Financial Protection Bureau Reach Settlement with BancorpSouth Bank to Resolve Allegations of Mortgage Lending Discrim

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