The Supreme Court handed down a landmark ruling, stating that cities can sue banks for discriminatory mortgage lending practices, but cautioned that the burden of proof could be difficult to achieve. The ruling stems from a lawsuit brought by city of Miami, which sued Bank of America, Wells Fargo, and Citigroup in 2013, stating that the banks engaged in predatory lending to minority borrowers in the city.
from Byrd Mix http://ift.tt/2p0RmTq via byrd memphis developer
from Tumblr http://ift.tt/2pzlAxF
No comments:
Post a Comment