High Court Says Cities Can Sue Banks Over Foreclosure Costs

By Evan Weinberger and Cara Mannion (May 1, 2017, 10:29 AM EDT) -- The U.S. Supreme Court ruled Monday that cities can pursue banks over lost tax revenue on foreclosed properties that were allegedly the result of discriminatory lending practices, but asked lower courts to determine just what types of damages can be linked to those foreclosures. ...

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