Acting Comptroller of the Currency Issues Statement on Civil Money Penalty Against Cadence Bank, N.A. For Violations of the Fair Housing Act — 2021-08-30

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement upon announcement of an enforcement action against Cadence Bank, N.A., Atlanta, for violations of the Fair Housing Act. Promoting fairness and inclusion in banking is a fundamental part of the OCC’s mission, and one of my four priorities as Acting Comptroller of the Currency. Today’s action against Cadence Bank for redlining demonstrates the agency’s and my personal commitment to ensuring that all of our regulated institutions provide fair access to financial services for all customers. There is no place for discrimination in the federal banking system. The OCC will use the full force of our authority to correct fair lending violations with our supervisory and enforcement tools, including civil money penalties, cease and desist orders, and requiring restitution for customers harmed as a result of any discriminatory practices.