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Violation Tracker Individual Record

Company: Evolve Bank & Trust
Penalty: $1,350,000
Year: 2022
Date: September 29, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: The Justice Department secured an agreement to resolve allegations that Evolve Bank & Trust, which is headquartered in Memphis, engaged in lending discrimination on the basis of race, sex and national origin in the pricing of its residential mortgage loans from at least 2014 through 2019. Evolve agreed to establish a settlement fund of $1.3 million to compensate affected borrowers and pay a $50,000 civil penalty.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.