“Justices Will Referee Housing Bias Dispute Between Major Banks and Cities”, 28 Jun 2016

The U.S. Supreme Court on Tuesday agreed to hear an appeal brought by Wells Fargo and Bank of America against the city of Miami in a dispute over alleged predatory lending practices that discriminated against minorities...At issue in the cases is whether a city like Miami can sue under the Fair Housing Act (FHA), which limits lawsuits to those brought by "aggrieved persons."  The U.S. Court of Appeals for the Eleventh Circuit sided with Miami in ruling that the city had standing to sue, finding that it "adequately alleged proximate cause" to litigate against the banks…In arguing that a city cannot sue, Bank of America's lawyer…told the court, "The city did not buy a house or take out a mortgage, and it did not experience any racial discrimination or even any actionable 'disparate impact.'”…Miami claims that the banks lured thousands of low-income black and Hispanic mortgage applicants toward high-interest loans they could not afford…