Justices order new look at fair lending lawsuit against Bank of America, Wells Fargo

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The Hill

The Supreme Court Monday ordered a lower court to take a fresh look at whether the city of Miami can sue Bank of America and Wells Fargo for discriminating against African-American and Latino residents when issuing mortgage loans.
In a 5-3 ruling, the justices held that the city is an “aggrieved person” authorized to bring suit under the Fair Housing Act (FHA), but said it needs to be able to show more than a foreseeable injury. 
The city claimed the banks’ discriminatory conduct led to a disproportionate number of foreclosures and vacancies in majority minority neighborhoods, which impaired the city’s effort to assure racial integration, diminished the city’s property-tax revenue and increased demand for police, fire and other municipal services.