Supreme Court Rules that Cities Can Sue Banks for Predatory/Discriminatory Lending
The U.S. Supreme Court has ruled, by a 5-3 majority, that the city of Miami was authorized to bring lawsuits based on allegations that banks engaged in financial-crisis-era discriminatory lending. The city alleged that the banks had intentionally and disproportionately issued risky mortgages on unfavorable terms to minority borrowers. Foreclosure News