Tennessee Federal Judge Approves $1.9M Redlining Settlement Between DOJ, Bank

(January 31, 2024, 12:16 PM EST) -- MEMPHIS, Tenn. — A federal judge in Tennessee on Jan. 30 approved a consent order in which Patriot Bank agreed to resolve the U.S. Department of Justice’s allegations that it “engaged in a pattern or practice of unlawful redlining” by establishing a $1.3 million loan subsidy fund to increase access to mortgage, refinancing and similar services for residents of majority-Black and Hispanic neighborhoods in Memphis....