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Items Tagged with 'lending discrimination'

ARTICLES

Disparate impact case settles, leaving lenders back where they started

Firms had hoped for a Supreme Court decision
Kerri Ann Panchuk
Lenders looking for a U.S. Supreme Court decision on the legal theory of disparate impact in lending discrimination cases will have to wait until another case reaches the nation’s highest court to get clarity. And that could take months – even years, if at all.
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CFPB leader not backing down on lending discrimination cases

Disparate impact legal theory stands for now
Kerri Ann Panchuk
Unless the U.S. Supreme Court steps in, the Consumer Financial Protection Bureau will continue to view disparate impact as the appropriate legal theory to use when working on lending discrimination cases against banks.
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