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Banks Hope to Benefit From High Court Ruling on Discrimination

2d ago
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If the state of Texas prevails in a civil rights case about to be decided by the U.S. Supreme Court, landlords and developers will have an easier time defending themselves in housing discrimination lawsuits. But the biggest beneficiary of a win for Texas could well be Wall Street. The case alleges that the way Texas allocates low-income housing credits violates the 1968 Fair Housing Act, an issue with little direct connection to banking. But trade groups representing banks and other financial services companies hope that the high court will set a legal precedent in its ruling that could also be used to defend against lending discrimination lawsuits. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/amIRKa1k5IQ/story01.htm http://www.wochit.com This video was produced by Wochit using http://wochit.com