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  • Supreme Court to consider Miami's predatory lending suit against Bank of America, Wells Fargo

    The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending. The city sued the megabanks in 2013, accusing the banks of "disproportionately placing vulnerable, underserved minority borrowers in loans they cannot afford." Click the headline to read more.

Canada home ownership costs to rise further

Home ownership costs in Canada climbed for a third straight quarter and affordability is expected to erode through this year and into next, according to a report on Tuesday by Royal Bank of Canada (RBC). The RBC Housing Affordability measure for the first quarter of 2010 showed that home ownership costs had risen across all housing segments the bank tracks as a robust property market in Canada pushed up prices.

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