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DOJ Settles with Patriot Bank for Redlining in Memphis

CFPB Monitor

million to resolve allegations that the Bank engaged in a pattern or practice of redlining majority-Black and Hispanic neighborhoods in Memphis, Tennessee from 2015 to at least 2020, in violation of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA). Continue Reading

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Uber Expands ‘Ride Pass’ Monthly Subscription

PYMNTS

The new cities are Memphis, Tennessee; New York City, New York; Jacksonville, Florida; Dallas, Texas; St. Louis, Missouri; San Diego, California; Raleigh-Durham, North Carolina; Seattle, Washington; Portland, Oregon; San Antonio, Texas; Nashville, Tennessee; Las Vegas, Nevada; New Orleans, Louisiana and Phoenix, Arizona.

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First Horizon's earnings slip after securities portfolio restructuring

American Banker

The Memphis, Tennessee-based bank had a $91 million loss related to its securities portfolio, which weighed on noninterest income.

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Are you ready? Increasing regulation for small business lenders

Abrigo

A group of bankers from the Tennessee Bankers Association met with representatives of the CFPB and expressed concern about this new focus, citing difficulties that prior data collection requirements from the CFPB on mortgage loans had caused. published in the May 2017 issue of BankNews.

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CFPB January 2017 complaint report highlights mortgage complaints, complaints from Tennessee consumers

CFPB Monitor

The report also highlights complaints from consumers in Tennessee and the Memphis and Nashville metro areas. Average monthly complaints received from Tennessee consumers increased 8 percent from the same time last year (October to December 2015 to October to December 2016), higher than the increase of 12 percent nationally.

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COVID-19 Vaccine Could Complicate Holiday Shipping Delays

PYMNTS

FedEx trucks were among the first vehicles to carry COVID-19 vaccines from a Pfizer factory in Portage, Michigan, on Sunday morning, and it was a FedEx plane carrying vaccine doses that flew from the Grand Rapids, Michigan airport to the Memphis, Tennessee hub for distribution to points around the country starting today.

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Instacart, Walmart Canada Work On Grocery Delivery Pilot

PYMNTS

According to a report in USA Today in August, the service was available in Atlanta and Augusta, Georgia; Knoxville, Memphis, and Nashville, Tennessee; Little Rock, Arkansas, as well as other cities and regions. The goal is to have the service in 120 metropolitan markets by October, which will cover 1,600 stores.

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