The Supreme Court ruled on Monday that the city of Miami can sue Bank of America and Wells Fargo under federal housing law for allegedly engaging in discriminatory lending practices toward minority borrowers. The Supreme Court held in a 5-to-3 decision that Miami counts as an “aggrieved person” under the Fair Housing Act and therefore may use the law to pursue its claims against the banks. The difficulty here is that “the housing market is interconnected with economic and social life,” the Supreme Court said. Acts of housing discrimination may have ripple effects far beyond what Congress intended to address in the Fair Housing Act. In his view, the city’s diversion of more municipal resources to certain neighborhoods had nothing to do with preventing housing discrimination, which is the purpose of the Fair Housing Act.

Source: Huffington Post May 01, 2017 18:30 UTC