CFPB, DoJ seek to end redlining consent order against Trustmark in Miss.

The Consumer Financial Protection Bureau and the Department of Justice filed a motion to terminate a consent order against Trustmark in Jackson, Miss.

The 2021 order followed claims that the company engaged in redlining from 2014 to 2018.

Trustmark paid a $5 million penalty tied to the order and disbursed nearly $3.9 million into a loan subsidy program designed to boost lending in majority-Black and majority-Hispanic neighborhoods around Memphis, Tenn.

The CFPB and DoJ noted in their motion that the company had also taken steps to implement improved fair lending procedures.