“Bias Suits Against Banks Face Test on Causal Links,” Bloomberg BNA

In an article published on June 19, 2017, in Bloomberg BNA, partner Simon Bloom provides insight about recent lawsuits by cities that allege harm from bank lending bias that arose during the Great Recession.  The U.S. Court of Appeals for the 11th Circuit is soon expected to address the question as to whether discriminatory lending actually caused a drop in property-tax revenue as a result of these lending practices.  The article details these lawsuits, the obstacles cities face in these cases and the impact the outcomes will have on the legal landscape.  Bloom told the publication that cities will face a separate hurdle if the 11th Circuit allows these cases to proceed, calling the Fair Housing Act’s two-year statute of limitations a “major problem” in some cases.  You may read the full article here.