Items Tagged with 'First Horizon National'

ARTICLES

  • First Tennessee Bank reaches $1.9 million settlement over discriminatory lending

    Accused of Fair Housing Act violations
    For the second time in just over six months, First Tennessee Bank, the regional bank for First Horizon National, is settling with the federal government over allegations that it violated U.S. lending laws. In June 2015, First Tennessee agreed to pay $212.5 million to resolve allegations that it violated the False Claims Act. HUD announced Monday that it reached a settlement with First Tennessee over allegations that the bank violated the Fair Housing Act.
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  • First Tennessee Bank to pay $212.5 million for faulty FHA underwriting

    Settlement with DOJ stems from False Claims Act violations
    First Tennessee Bank, the regional bank for First Horizon National, will pay $212.5 million to resolve allegations that it violated the False Claims Act by “knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements,” the Department of Justice announced Monday.
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