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EVENTS: John Marshall Law School in Chicago - Real Estate Center Program & CLE (Sept. 15) and Fair Housing/Fair Lending: New Developments in American and International Law (October 1 – 2)

Real Estate Center Program & CLE "Effect of LEED Ratings and Certification Levels on Office Building Values - National & Local Trends" Wednesday, September 15, 2010 4 p.m. - 6 p.m. Registration Coming Soon! Fair Housing/Fair Lending: New Developments in American...

Sutherland Legal Alert: Supreme Court to Decide Fair Housing Act “Disparate Impact” Case with Broader Fair Lending Implications

By Tom Byrne , Valerie Sanders , and Dan Schlueter On Monday, the U.S. Supreme Court agreed to decide whether "disparate impact" discrimination claims are cognizable under the federal Fair Housing Act (FHA) and, if so, how such claims should be analyzed. The Court's decision, expected...

Ballard Spahr LLP: DOJ’s Fair Lending Case Conflates Disparate Treatment and Disparate Impact Claims

By members of the Consumer Financial Services Group In its latest fair lending lawsuit, the Department of Justice appears to be dodging an important legal question that the U.S. Supreme Court was poised to answer this term, but never did due to the dismissal of the case by the parties. The question...

Wells Fargo Bank To Pay $175M To Settle Mortgage Discrimination Claims

WASHINGTON, D.C. - (Mealeys) In what the U.S. Department of Justice is calling the second largest fair lending settlement in the department's history, Wells Fargo Bank NA today agreed to pay more than $175 million to settle claims in a District of Columbia federal court that it discriminated...

Ballard Spahr LLP: DOJ Settles 'Pattern or Practice' Fair Lending Case

By the Consumer Financial Services Group The Department of Justice's "pattern or practice" fair lending lawsuit against GFI Mortgage Bankers, Inc. has resulted in a settlement that requires GFI to pay a total of $3.555 million, consisting of $3.5 million in monetary damages to aggrieved...

Ballard Spahr LLP: DOJ Fair Lending Focus Continues in Settlement of Case Challenging Lender's Minimum Loan Amount Policy

The Department of Justice's recent announcement that it had settled its case against Luther Burbank Savings challenging Luther's minimum loan amount policy demonstrates the DOJ's continued focus on fair lending. The settlement underscores the need for lenders to have their lending policies...

Ballard Spahr LLP: HUD Issues Final ‘Discriminatory Effects’ Rule

By the Consumer Financial Services and Mortgage Banking Groups The Department of Housing and Urban Development has issued a final rule that provides that if a practice has a "discriminatory effect," HUD or a private plaintiff can establish liability under the Fair Housing Act (FHA), even...

Recent CFPB Enforcement Action Results in $459,000 in Fines for Home Mortgage Disclosure Act (HMDA) Violations

The Consumer Financial Protection Bureau’s (CFPB) most recent enforcement action underscores major regulatory points of emphasis: holding institutions for compliance problems arising from technical operation glitches; enforcement of fair lending laws as a top regulatory priority; and the broad...