Recent SCOTUS opinion raises hope for municipalities struggling to recover from effects of predatory lending practicesBy Sharon EisemanRacial and Ethnic Minorities and the Law, June 2017If Miami is able to show that the disproportionate numbers of defaults and foreclosures arising from the discriminatory lending practices of the Banks concentrated in segregated communities are “directly related” to the City’s loss of property tax revenues and the need for increased municipal services to assist those devastated communities, then monetary damages may be its reward.
