
Lessons From BancorpSouth’s Fair Lending Woes
BancorpSouth Bank, headquartered in Mississippi, took a $10.6 million misstep when its mortgage lending practices allegedly discriminated against African-American consumers. While some of the allegations against BancorpSouth had to do with redlining, other areas addressed in the complaint against the institution could be levied at financial institutions and therefore merit consideration. So what happened at BancorpSouth and what can financial institutions learn from its mistakes? [11/1/16]


