Biden Lending Discrimination

Attorney General Merrick Garland announces plans to combat mortgage lending discrimination, at the Justice Department in Washington, Friday, Oct. 22, 2021. (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — The Justice Department announced Friday a cross-government effort to investigate and prosecute redlining, the practice of banks discriminating against racial minorities or certain neighborhoods. It is the first major expansion of redlining investigations since the Obama administration.

As part of the effort, the Justice Department as well as the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency also announced a new case against Trustmark Bank for its treatment of black and Hispanic borrowers in Memphis.

Despite a half century of laws designed to combat redlining, the racist practice continues across the country and the long-term effects are still felt to this day. The average net worth of a black family is a fraction of a typical white household, and homes found in historically redlined neighborhoods are still worth less than homes found in non-redlined communities.

“Lending discrimination runs counter to fundamental promises of our economic system,” said Attorney General Merrick Garland, in prepared remarks. “When people are denied credit simply because of their race or national origin, their ability to share in our nation’s prosperity is all but eliminated.”

Garland said the department is currently investigating several redlining cases and expects it will be opening more in the coming months.

The Justice Department, CFPB and OCC reached a settlement against Trustmark National Bank on Friday that would end allegations that the bank redlined against certain neighborhoods in Memphis.

Trustmark, a bank primarily found in the South with $13 billion in assets, will be required to open mortgage offices in redlined neighborhoods as well as contribute $3.85 million toward a fund to create loan subsidies for borrowers in these discriminated neighborhoods. The bank will also pay a $5 million fine to the CFPB and a $4 million fine to the OCC. 

 

UT expands eligibility

for Promise scholarships

KNOXVILLE — The University of Tennessee system has increased the amount a family can earn and still have a student qualify for a UT Promise scholarship, the system announced.

UT Promise is a last-dollar scholarship that guarantees free tuition and fees after other financial aid is received. It is available to undergraduate Tennessee residents enrolling at UT campuses in Knoxville, Chattanooga, Martin, Memphis or Pulaski. Beginning in August 2022, students with a family income under $60,000 who meet academic criteria will be eligible. The previous household income limit was $50,000.

Since the scholarship was created in 2019, more than 1,800 students have enrolled at a UT campus tuition-free. In addition to money, the scholarship program matches students with mentors to help ensure their success.

 

State plans eight town halls

on education funding plan

NASHVILLE — Tennessee will hold eight town hall hearings as officials review the state’s K-12 education funding formula.

The Department of Education says the events will be Oct. 27 at Merrol Hyde Magnet School in Hendersonville; Oct. 28 at the National Civil Rights Museum in Memphis; Nov. 1 at UT-Southern in Pulaski; Nov. 2 at the University of Tennessee at Knoxville; Nov. 3 at Niswonger Performance Arts Center in Greeneville; Nov. 4 at The Howard School in Chattanooga; Nov. 10 at Jackson County Middle School in Gainesboro; and Nov. 22 at Gibson County High School in Dyer.

Livestreams will be available.

With no firm timeline yet, officials say they want to present suggestions to lawmakers by next year.

The nearly three-decade-old Basic Education Program uses 45 components to determine funding for each school for expenses including teacher salaries.

It’s been criticized as complicated and outdated.

Democrats and the Tennessee Education Association argue reforms should increase school funding.

Country star Luke Bryan

to host CMA Awards

NASHVILLE — Country music star Luke Bryan has taken home the top prize at the CMA Awards, but he’ll step into a larger role when he hosts the awards show in November.

The Country Music Association and ABC announced that the “American Idol” judge will host the show for the first time when it airs from Nashville on Nov. 10.

“The CMA Awards is one of the biggest nights of the year for country music,” Bryan said in a statement. “Being asked to host the CMA Awards was definitely something I put a lot of thought into before answering. The pressure that comes along with that can be overwhelming, but knowing I get to help honor and celebrate so many of my friends, I knew it was something I couldn’t turn down.”

The Georgia-born singer has twice won CMA entertainer of the year and is nominated this year along with Jordan Davis for musical event of the year. While this is his first time as a CMA Awards host, Bryan has plenty of experience after being a co-host for several years at the Academy of Country Music Awards, normally held in Las Vegas.

It’s been a long time since CMAs have had a single host. Co-hosts Carrie Underwood and Brad Paisley had a 10-year run together starting in 2008. In 2019, Underwood returned as co-host with Reba McEntire, and Dolly Parton and McEntire hosted with Darius Rucker last year.

 

Ronnie Tutt, drummer

for Elvis, dies at 83

NASHVILLE — Ronnie Tutt, a legendary drummer who spent years playing alongside Elvis Presley and teamed up with other superstars ranging from Johnny Cash to Stevie Nicks, has died. He was 83.

In a Facebook post, Terie Tutt wrote that her father died at home surrounded by his family.

“It’s with deep sadness that my family and I share the loss of our beloved dad,” Terie Tutt wrote. “The Legendary Drummer, Ronnie Tutt, ‘has left the building.’”

Elvis Presley Enterprises noted Tutt’s death in a statement. The group that runs Graceland recalled how Tutt drummed for Elvis with the TCB Band from 1969 until 1977, joining the band put together by James Burton for Elvis’ 1969 Las Vegas opening and staying with Elvis until his death in 1977.

“In addition to being a legendary drummer, he was a good friend to many of us here at Graceland,” the group said in a statement. “We enjoyed each time he joined us here to celebrate Elvis Week, Elvis’ birthday and many other special occasions. Ronnie was an amazing ambassador to Elvis’ legacy – sharing his memories of working with Elvis with fans – as well as bringing Elvis’ music to arenas around the globe through later Elvis in Concert shows and performances.”

In 2018, Tutt in an interview from The Sessions musician discussion series recalled the high level of preparation it took to play with Elvis.

“It was spectacular,” Tutt said. “He kept us on our toes because he would just turn around and say, ‘Give me an E chord’ or ‘Give me a B flat’ or whatever, and he’d just start singing. He sang hundreds of songs and we had to know them.”

Beyond Elvis, Tutt played with some of the biggest names in music, touring with Neil Diamond’s band and recording and playing with Cash, Nicks, Glen Campbell, Kenny Rogers, Elvis Costello, Michael McDonald and more, Elvis Presley Enterprises wrote.

“It’s been my privilege to share the stage with Ronnie for more than 40 years,” Diamond tweeted on Sunday. “He was truly one of the all-time greats in Rock and Roll. God bless you, Ronnie. Give my regards to Elvis. We love you, Ronnie.”

In Tutt’s view, it was about understanding that “you’re doing something that is almost more important than you are — and that is, you are contributing to people’s having a good time, being happy,” he said in the 2018 interview.

“I think it’s important to realize that for a very short period of time in a person’s life, whether it be a day or a two-hour concert or whatever it is, the music that you’ve played and contributed to and been involved with means a lot more to somebody than you can get an inkling of,” he said in The Sessions interview. “I think that’s what keeps me going.”

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