If you’ve ever been in discussions or training regarding fair lending you might hear the term “redlining” thrown around from time to time. In October 2021, the Department of Justice announced a new initiative to combat redlining on the same day the OCC and CFPB reached an agreement to resolve redlining allegations against a bank in Memphis, Tennessee. So, what exactly is redlining and why is it a fair lending issue?
Jerod explains more in the video.
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