Need a long and detailed self-explanatory analysis of the following case after hearing the oral argument of the case in Oyez Bank of America Corp. v. City of Miami
Need a long and detailed self-explanatory analysis of the following case after hearing the oral argument of the case in Oyez
Bank of America Corp. v. City of Miami
Bank of America Corp. v. City of Miami
City of Miami filed lawsuits against Bank of America bringing a claim for violations of the FHA and a claim of unjust enrichment.The City alleged that the banks’ practices constituted a pattern and practice of discrimination in mortgage lending that led to disproportionately high foreclosure rates in Miami’s minority neighborhoods. In turn, the increase in foreclosures decreased the City’s property tax revenues and required additional spending on public services, such as police and emergency first responders, to remedy blight and prevent unsafe living conditions associated with the increase in vacant homes.
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