Miami Claims JPMorgan Used Discriminatory Lending Tactics

Law360, Los Angeles (June 16, 2014, 6:17 PM ET) -- The city of Miami sued JPMorgan Chase & Co. in Florida federal court on Friday, accusing the bank of causing a disproportionate number of foreclosures in minority neighborhoods by engaging in discriminatory lending practices, two weeks after the city of Los Angeles hit JPMorgan with similar claims.

Miami's suit accused JPMorgan of violating the Fair Housing Act by engaging in a "continuous pattern" of mortgage discrimination against African-Americans and Hispanics in the city since at least 2004 through the imposition of "different terms or conditions on...
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