By Ken Sweet AP Business Writer NEW YORK – The Department of Justice and the Consumer Financial Protection Bureau fined Mississippi-based BancorpSouth $10.6 million, alleging the bank deliberately discriminated against minorities in its lending practices. BancorpSouth, a medium-sized regional bank with $13.9 billion in assets, deliberately avoided building branches in minority neighborhoods in Memphis, Tennessee from at least 2011 to 2013.
Regulators Fine Bancorpsouth $10.6 Million For Redlining
Daily Journal, Northeast Mississippi Daily Journal
Wed, 06/29/2016 - 2:34pm
Sections: u.s.
Topics: Mississippi Lee County Tupelo
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