Supreme Court Rules Miami Can Sue for Predatory Lending1 May 2017—The New York Times
WASHINGTON — The Supreme Court ruled on Monday that Miami can sue two banks for predatory lending under the Fair Housing Act of 1968.
The case arose from the 2008 financial crisis. Miami sued Bank of America and Wells Fargo, saying that their discriminatory mortgage lending practices had led to a disproportionate number of defaults by minority home buyers and, in turn, to financial harm to the city.
Even as the majority of justices ruled that Miami was entitled to sue under the housing law,...