Category Archives: Mississippi PEP

Feds pop BancorpSouth to the tune of $10.6 million for redlining in Memphis.

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 $10.6 billion in assets, deliberately avoided building branches … Continue reading → Read More at Mississippi Pep