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Mystery shoppers help CFPB, DOJ ramp up redlining fight
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Banking
Tuesday, July 12, 2016
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A regional bank based in Mississippi will pay $10.6 million to settle allegations that it engaged in redlining and discrimination after the Consumer Financial Protection Bureau-Department of Justice went undercover to find evidence of discrimination against African-American mortgage loan applicants and borrowers in Memphis. Read on for the latest news in the CFPB’s escalating war against redlining and mortgage lending discrimination.
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