Pivotal Fair Lending Case Squashed by DOJ Quid Pro Quo, Might have benefited Banks

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Pivotal Fair Lending Case Squashed by DOJ Quid Pro Quo that Might have benefited Banks

Pivotal Fair Lending Case Squashed by DOJ Quid Pro Quo that Might have benefited Banks

American Banker-

Assistant Attorney General Thomas Perez cut an inappropriate deal with city officials in Saint Paul, Minn., in order to convince them to drop an appeal that the Supreme Court was scheduled to hear and that might have benefited banks, according to top GOP lawmakers.

In a letter Monday, GOP Rep. Patrick McHenry and three Republican colleagues alleged that Perez, who heads the Justice Department’s Civil Rights Division, essentially bought off the city with a quid pro quo.

[AMERICAN BANKER]

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