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CFPB issues annual fair lending report

CFPB Monitor

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

Lending 148
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First Horizon Reports Solid Results on Increased Revenue

American Banker

First Horizon National in Memphis, Tenn., reported improved quarterly earnings that reflected higher revenue.

Memphis 28
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First Tennessee Hires Four for Its Growing Niche Lines

American Banker

First Tennessee Bank in Memphis has recruited a quartet of executives for its expanding specialty banking lines that serve the franchising, healthcare, music, and transportation industries.

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Mobile Wave Makes Cost-Cutting Easier for First Horizon

American Banker

The Memphis company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.

Memphis 28
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Justice Department announces settlement to resolve lending discrimination claims against Evolve Bank and Trust

CFPB Monitor

On September 29, 2022, the Justice Department announced a proposed consent order with Evolve Bank and Trust to resolve allegations of lending discrimination on the basis of race, sex, and national origin in the pricing of its residential mortgage loans from at least 2014 through 2019.

Lending 147
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Regulation and Compliance: Ready for Review

Independent Banker

However, as the expansion proceeds and bank lending continues to gain steam, sound principles of loan underwriting and concentration management must be remembered.”. Wilson, partner with the accounting and consulting firm Butler Snow LLP of Memphis, Tenn., increased operational risks. “So Virginia B.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.