January 22, 2016

FHA Lawsuits Still Plague Nation’s Most Prominent Banks

Jumbo Loans

Bloomberg’s Banking Daily reports that banking giants Bank of America, Citi and Wells Fargo continue to face numerous Fair Housing Act lawsuits accusing them of maneuvering minority borrowers into loans those borrowers could not afford to repay. These allegedly discriminatory practices resulted in significant tax revenue losses and thus higher city expenses, including police, fire,…

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September 22, 2015

City of Oakland Sues Wells Fargo Over Discriminatory Lending

On September 22, 2015, Oakland City Attorney Barbara J. Parker filed a federal lawsuit against Wells Fargo to recover damages caused by the bank’s widespread unfair and discriminatory lending practices. The lawsuit charges Wells Fargo with targeting African American and Hispanic borrowers, including minority churches and congregations, for discriminatory mortgage loans in violation of the federal Fair…

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September 21, 2015

City of Miami Gardens Files Third Amended Complaint in Bank Predation Blighted Community Case

Miami Gardens

On September 21, 2015, the City of Miami Gardens filed a Third Amended Complaint in its case against Wells Fargo & Co. and Wells Fargo Bank, N.A. over claims the banks violated the Federal Fair Housing Act by engaging in a continuous pattern of discriminatory mortgage lending practices in the city. These practices in turn…

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September 2, 2015

Court Rules Miami Can Pursue Damages from Discriminatory Banks

Miami Gardens Community Destruction

Reversing the lower court’s previous dismissal of claims, the 11th U.S. Circuit Court of Appeals has ruled that the City of Miami can pursue financial damages from lending institutions — banks — that made widespread foreclosures on homes in Miami. Hundreds of community families and individuals lost their homes because they were unable to repay unfair discriminatory mortgage…

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June 25, 2015

Supreme Court Paves the Way for Housing Discrimination Lawsuits

Supreme Court

As reported by the Miami Herald, the U.S. Supreme Court has issued a decision that will allow housing bias lawsuits grounded on unintentional acts against racial minorities that have a discriminatory effect. This was an unexpected defeat for the Texas Department of Housing and Community Affairs, as the Court held that “disparate impact” lawsuits are…

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June 15, 2014

“The Case For Reparations” – The Atlantic (Ta-Nehisi Coates)

The Atlantic Monthly - Coates

In a piece that unflinchingly takes on two hundred years of racism and unbalance, Ta-Nehisi Coates makes the case in The Atlantic for 21st century reparations to answer for the 19th century crime of slavery, the echoes of which are still breaking backs — and lives — in America. The article is damning, heartbreaking, and…

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December 6, 2013

Los Angeles Sues Citigroup, Wells Fargo Over Discriminatory Foreclosures

Los Angeles Decay

As reported by USA Today, the LA city attorney has sued Wells Fargo and Citigroup, alleging that both companies committed mortgage discrimination leading to waves of foreclosures in LA-area minority communities whose effects continue to blight communities and adversely affect the quality of life for tens of thousands of southern California residents.

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