Memrie M. Fortenberry

Nov 7, 2024 | mondaq.com | Memrie M. Fortenberry

The Department of Justice (DOJ) recently commemorated the third anniversary of its Combatting Redlining initiative by issuing three new consent orders in the past two months. It had been somewhat quiet since February 2024, but now settlements are back in full force. One of these recent consent orders is the first of its kind against a federal credit union and another is the first in the Birmingham, Alabama area. There have now been 15 settlements totaling more than $150 million.

Oct 31, 2024 | natlawreview.com | Memrie M. Fortenberry

The Department of Justice (DOJ) recently commemorated the third anniversary of its Combatting Redlining initiative by issuing three new consent orders in the past two months. It had been somewhat quiet since February 2024, but now settlements are back in full force. One of these recent consent orders is the first of its kind against a federal credit union and another is the first in the Birmingham, Alabama area. There have now been 15 settlements totaling more than $150 million.

Oct 31, 2024 | joneswalker.com | Memrie M. Fortenberry

The Department of Justice (DOJ) recently commemorated the third anniversary of its Combatting Redlining initiative by issuing three new consent orders in the past two months. It had been somewhat quiet since February 2024, but now settlements are back in full force. One of these recent consent orders is the first of its kind against a federal credit union, and another is the first in the Birmingham, Alabama area. There have now been 15 settlements totaling more than $150 million.

Oct 1, 2024 | mondaq.com | Memrie M. Fortenberry

The date by which insured financial institutions are required to comply with the updated rules for advertising of FDIC membership is January 1, 2025. As a reminder, the traditional FDIC signage is still required at each teller window, station, and any other location where insured deposits are usually or normally received. For new physical locations, the signs must be in place by the 21st calendar day of operation.

Sep 27, 2024 | natlawreview.com | Memrie M. Fortenberry

The date by which insured financial institutions are required to comply with the updated rules for advertising of FDIC membership is January 1, 2025. As a reminder, the traditional FDIC signage is still required at each teller window, station, and any other location where insured deposits are usually or normally received. For new physical locations, the signs must be in place by the 21st calendar day of operation.