THE CFS BLOG-
The U.S. Court of Appeals for the Seventh Circuit held that the plaintiffs failed to prove a violation of the federal Equal Credit Opportunity Act (ECOA) under a disparate treatment theory where their only evidence was a vague statement from one of the defendant’s employees.
Accordingly, the Seventh Circuit affirmed the ruling of the trial court granting summary judgment in favor of the defendant.
A copy of the opinion in Mario Sims v. New Penn Financial LLC is available at: Link to Opinion.
The plaintiffs, an African-American couple, purchased a home from the seller in October 2008 for $185,000. The plaintiffs made a down payment of $12,000, and monthly payments of $1,400 to the seller for about one year.