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BancorpSouth fined $10.6 million for discriminatory lending, redlining 

Jun 29, 2016By

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 a number of discriminatory practices, including illegally redlining in Memphis, and implementing an “explicitly discriminatory loan denial policy.”

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