July 2, 2018 / 10:34 PM / 4 months ago

Miami Gardens loses fair housing lawsuit against Wells Fargo

A federal judge in Miami has tossed a lawsuit by the city of Miami Gardens accusing Wells Fargo of mortgage discrimination, saying the city failed to show that minorities received unfair loan terms because of their race.

In a decision on Friday, U.S. District Judge Federico Moreno said the city, a suburb of Miami, pointed to only two loans issued to minorities in recent years with allegedly worse terms than those given to a similar white borrower, and Wells Fargo had outlined “legitimate, nondiscriminatory reasons” for the difference in terms.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2z43D2D

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