Tag Archives: Rick Fischer

Federal Agencies Announce Ramp-Up of Redlining Enforcement

by Rick Fischer, Nancy Thomasand Jeremy Mandell

The Department of Justice (DOJ) joined other federal agencies in announcing an increased focus on fair lending issues. On October 22, 2021, DOJ announced a new initiative to crack down on “modern-day” redlining. DOJ is partnering with the Consumer Financial Protection Bureau (CFPB), and the Office of the Comptroller of the Currency (OCC) in this initiative, which will also involve increased coordination among the three agencies, federal prosecutors, and state attorneys general. To kick off the new initiative, DOJ, the CFPB, the OCC, and the U.S. Attorney’s Office for the Western District of Tennessee announced a consent order against Trustmark National Bank for alleged illegal redlining.

Continue reading