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CASE ENTRY

City of Miami v. Wells Fargo & Co.

Miami officials have plausibly alleged that Bank of America and Wells Fargo refused to loan money to black and Latino homebuyers on the same terms as comparably situated white borrowers, instead lending to minorities only on predatory terms, resulting in disproportionate defaults and financial harm to the city in the form of lost tax revenue. So says the Eleventh Circuit, permitting the city’s suit against the banks to proceed past a motion to dismiss.


Tags: 2019, Discrimination, Eleventh Circuit, Tax

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