Effects of Trustmark Redlining Trustmark Bank, a $17 Billion bank in Memphis, Tennessee, agreed to pay a civil money penalty of $5 million to the CFPB and $4 million to the OCC as settlement in a redlining case. This was …
Appraisal Bias An African American couple purchased a home and worked hard to fix it up. They sought to refinance, and the bank ordered an appraisal. Normal process, right? Then comes the kicker. A Caucasian appraiser valued the home at …
What’s the Deal with Fees? Recently, there seems to be a lot of chatter coming from regulators about fees. So, what’s up with that? It started with Overdraft Fees. In December 2021, the CFPB blogged that banks are deeply dependent …