Banks Scrutinizing Their Lending Practices as DOJ Cracks Down on Redlining
Chris Willis, a co-leader of Troutman Pepper's Consumer Financial Services Practice Group, was quoted in the February 7, 2023 S&P Global Market Intelligence article, " Banks Scrutinizing Their Lending Practices as DOJ Cracks Down on Redlining."
The DOJ is expected to continue to turn up the heat, and banks should be paying close attention, said Chris Willis, co-leader of the financial services industry group at Troutman Pepper.
"We know that the DOJ has a large number of redlining cases under investigation right now," Willis told Market Intelligence. "It is important for lenders to get a handle on their risk level as rapidly as possible, before they become the subject of a regulatory examination."