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

CFPB Monitor

Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”. Trustmark is a national bank headquartered in Jackson, Mississippi with 196 branches in five southern states. Attorney’s Offices.

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Google Faces Lawsuit From Multiple States Over Digital Ad Tactics

PYMNTS

This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec. In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported.

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NXTsoft Welcomes New Customer Mutual Credit Union

Bobsguide

Chartered April 10th, 1931, Mutual Credit Union is Mississippi’s oldest credit union, and one of the Southeast’s most respected. NXTsoft is excited to welcome our newest customer Mutual Credit Union, who is using OmniConnect API Connectivity to save time & money.

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Defendants in three CFPB enforcement actions seek dismissal based on Fifth Circuit decision holding CFPB’s funding mechanism is unconstitutional

CFPB Monitor

CFPB would only be binding on federal district courts in in Texas, Louisiana, and Mississippi if it becomes final. Progrexion Marketing, Inc. , in which the CFPB alleges that the methods used by the defendants to market credit repair services violated the Telemarketing Sales Rule and the Consumer Financial Protection Act.

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Caesars Puts Stake In Online Betting Co DraftKings

PYMNTS

Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. In New Jersey and Mississippi, DraftKings Sportsbook mobile and retail allows players to bet for major U.S. and Australia. .

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This week’s podcast: The CFPB’s approach to regulating payday lending: a discussion with Todd J. Zywicki, Professor of Law at George Mason University Antonin Scalia Law School, and Thomas Miller, Professor of Finance at Mississippi State University

CFPB Monitor

Zywicki and Miller have co-authored a soon-to-be published study, “The Effects on Consumers from Two State-Level Regulations of the Payday Loan Market,” in which they analyzed 15.6 million storefront payday loans made to 1.8

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Walking in your neighbor’s shoes this Thanksgiving.

Long Lasting Ideas

The scene was the Mississippi Gulf Coast, a land that still looked for all the world like a war zone, thanks to Hurricane Katrina, the storm that hammered Mississippi and Louisiana just three months before. at Bank Marketing Strategy + Ideas. Thanksgiving 2005. Where homes once stood, FEMA trailers were in their place.