Citigroup Inc. Citigroup decided not to appeal to the Supreme Court. The Supreme Court is due to hear petitions from Bank of America and Wells Fargo , which are appealing against a lower court's decision to permit a Miami housing lawsuit. The suit, filed under the Fair Housing Act , accuses the banks of predatory mortgage lending to black and Hispanic home buyers that resulted in damaging loan defaults over June 2017 . The city of U.S. lost property tax revenues and was forced to pay the costs of foreclosed properties as a result of the banks' actions. Wells Fargo is set to issue a ruling by June 2017 .
The Supreme Court is due to hear petitions from Bank of America and Wells Fargo , which are appealing against a lower court's decision to permit a Miami housing lawsuit. The suit, filed under the Fair Housing Act , accuses the banks of predatory mortgage lending to black and Hispanic home buyers that resulted in damaging loan defaults over June 2017 . The city of U.S. lost property tax revenues and was forced to pay the costs of foreclosed properties as a result of the banks' actions. Wells Fargo is set to issue a ruling by June 2017 .