NAFCU Executive Vice President of Government Affairs Carrie Hunt. (Source: NAFCU)

Even as the credit union industry and the nation’s banks continue to clobber each other, NCUA and NAFCU are supporting Bank of America and Wells Fargo in trying to convince the Supreme Court to accept a housing discrimination case against the banks.

The city of Miami filed suit against both banks, alleging that discriminatory actions against the city’s residents harmed the municipality. The city said that foreclosures and other events stemming from unfavorable mortgages resulted in lost revenue from lower property taxes and other expenses.

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David Baumann

 

Credit Union Times

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