On October 27, 2021, the court entered a consent order in United States v. Trustmark National Bank (W.D. Tenn.). The complaint, filed on October 22, 2021, alleges that Trustmark National Bank, through its residential real estate lending-related policies and practices, engaged in a pattern or practice of redlining in the Memphis MSA in violation of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA). Under the consent order, the Bank will invest $3.85 million in a loan subsidy fund to increase credit opportunities for current and future residents of predominantly Black and Hispanic neighborhoods in the Memphis area; dedicate at least four mortgage loan officers or community lending specialists to those neighborhoods; and open a loan production office in a majority-Black and Hispanic neighborhood in Memphis. Trustmark will also devote $400,000 to developing community partnerships to provide services to residents of majority-Black and Hispanic neighborhoods in Memphis to increase access to residential mortgage credit and spend at least $200,000 per year for five years on advertising, outreach, consumer financial education and credit repair initiatives in and around Memphis.