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Miami

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Supreme Court to consider Miami’s predatory lending suit against Bank of America, Wells Fargo 

Jun 28, 2016By

The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending. The city sued the megabanks in 2013, accusing the banks of “disproportionately placing vulnerable, underserved minority borrowers in loans they cannot afford.”