The U.S. Supreme Court will hear arguments in a major fair lending case that banks have been following, according to National Mortgage News.
Citing the Scotusblog, the publication says the principle issue in the case is whether fair lending suits should survive when there is no indication that the lender intentionally discriminated against a particular group.
HousingWire covered the case — Mount Holly v. Mount Holly Gardens Citizens in Action Inc. — last year.
The Mount Holly case ties back to a lawsuit filed by residents in New Jersey who pushed back against a redevelopment plan for a state township, saying the redevelopment would have a disparate impact on minorities by creating a community they could no longer afford.
Their suit, which was initially filed with the U.S. federal court, claims the plan to redevelop the township will have a disparate impact on minorities, thereby violating the Fair Housing Act.