Supreme Court says cities can sue banks under anti-bias law
Court News | 2017/05/03 08:56
The Supreme Court ruled Monday that cities may sue banks under the federal anti-discrimination in housing law, but said those lawsuits must tie claims about predatory lending practices among minority customers directly to declines in property taxes.

The justices' 5-3 ruling partly validated a novel approach by Miami and other cities to try to hold banks accountable under the federal Fair Housing Act for the wave of foreclosures during the housing crisis a decade ago.

But the court still threw out an appellate ruling in Miami's favor and ordered a lower court to re-examine the city's lawsuit against Wells Fargo and Bank of America to be sure that there is a direct connection between the lending practices and the city's losses.

Miami claimed that Wells Fargo and Bank of America, as well as Citigroup, pursued a decade-long pattern of targeting African-American and Hispanic borrowers for costlier and riskier loans than those offered to white customers. The loans to minority homeowners went into default more quickly as well, the city said.

Wells Fargo and Bank of America appealed the ruling by the 11th U.S. Circuit Court of Appeals to the Supreme Court, arguing that cities can't use the Fair Housing Act to sue over reductions in tax revenues. The banks said the connection between a loan and the tax consequences is too tenuous. Citigroup did not appeal, though its lawsuit also would be affected by what the appeals court does in response to Monday's ruling.

[PREV] [1] ..[276][277][278][279][280][281][282][283][284].. [1896] [NEXT]
Headline Legal News
Legal Topics
Legal Business
Attorney News
Court News
Court Watch
Areas of Focus
Legal Interview
Former Trump campaign aide Nunber..
TransCanada doesn't have to pay l..
Court fight over, founding papers..
Romania court nixes law allowing ..
Philippine gov't asks Supreme Cou..
Turkish court rejects request for..
Court: Nike logo of Michael Jorda..
Brazil court largely upholds law ..
High court: Held immigrants can't..
Court: US anti-discrimination law..
Organized labor case goes in fron..
Court leaves black judge on case ..
Delay in Nevada gun buyer law dra..
California parents face new charg..
Pennsylvania congressional map ba..
Supreme Court sides with Chicago ..
Courts: Bail reform working, but ..
Maldives court delays reinstating..
Inmate in landmark Supreme Court ..

Santa Ana Workers' Compensation Lawyers
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
China trademark registration lawyer
Chicago Truck Drivers Lawyer
Chicago Workers' Comp Attorneys
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
Lorain Elyria Divorce Lawyer
Chicago Business Law Attorney
Corporate Litigation Attorneys
Houston Estate Administration Lawyer
Car Accidents Attorneys
New Rochelle Personal Injury
Surry County Criminal Defense Lawyers
Yadkin County Family Law Attorneys
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
Connecticut Special Education Lawyer
Law Firm Web Design Templates
Lawyer Website Templates
   Legal Resource
Headline Legal News for You to Reach America's Best Legal Professionals. The latest legal news and information - Law Firm, Lawyer and Legal Professional news in the Media.
Copyright © All Rights Reserved. The content contained on the web site has been prepared by Click The Law. as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. By using the you agree to be bound by these Terms & Conditions.

Law Firm Website Design by Lawyer Website Design Blog - Lawyer Web Site Design That Works