Miami sues Bank of America, Wells Fargo and Citibank over discriminatory mortgage lending

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Miami sues Bank of America, Wells Fargo and Citibank over discriminatory mortgage lending

Miami sues Bank of America, Wells Fargo and Citibank over discriminatory mortgage lending

You know after say about 20 dozen + or so lawsuits against the same cartels, wouldn’t you think the government would shut them down?

The only winners will be the attorneys.

Reuters-

Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending practices against minority residents that resulted in a rash of foreclosures, the city said on Thursday.

The lawsuits, filed on Dec. 13, accuse the banks of engaging in a “continuous pattern and practice of mortgage discrimination in Miami” since at least 2004 in violation of the U.S. Fair Housing Act of 1968, according to a court filing.

A spokesman for Wells Fargo said the bank was “disappointed” in the city’s decision to move ahead with what it called “baseless allegations”.

[REUTERS]

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