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DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank

CFPB Monitor

Trustmark National Bank Settlement. The DOJ, CFPB, and OCC, announced they had entered into agreements with Trustmark National Bank (TNB) to resolve allegations that TNB engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in Memphis, Tennessee.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. Oklahoma City, and Memphis. Ontario (L.A.), It is only part of a stepped-up marketing effort.

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First Tennessee to Invest $1 Million in Financial Education

American Banker

First Tennessee Bank in Memphis announced Wednesday that it will commit $1 million to Operation Hope’s new HOPE Fund to offer free financial literacy education in low-income communities.

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Regulation and Compliance: Ready for Review

Independent Banker

increased operational risks. Bland of the OCC agrees that “one of the biggest issues” for bank examiners is evaluating operational risk, especially with eyes toward the current financial environment where loan underwriting terms are changing. Wilson, partner with the accounting and consulting firm Butler Snow LLP of Memphis, Tenn.,

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Our Meatless Future: How The $90B Global Meat Market Gets Disrupted

CB Insights

San Francisco-based Memphis Meats produces meat from self-reproducing cells, thereby producing meat that is an “animal-based” product but avoiding the need to breed, raise, and slaughter huge numbers of animals. Memphis Meats aims to decrease the cost of lab-grown meat in order to compete with commercial meat.

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