Fair Lending Developments: Disparate Impact Lives On
By EsqSocial Corporation 28/04/21
[co-author: John Ropiequet] The fair lending cases filed by Miami against four major mortgage lenders, reported in several previous Annual Surveys, came to a sudden, anticlimactic end when the city voluntarily dismissed all of them in January 2020.1 None of the dismissals were the result of a settlement, although some municipal fair lending cases elsewhere were settled during the past year. Other fair lending litigation remains active. Both the United States Department of Justice (“DOJ”) and...
By: Hudson Cook, LLP