The US Supreme Court is due to hear petitions from Bank of America and Wells Fargo , which are appealing against a lower court 's decision to dismiss 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 mortgage defaults over the past decade . The city of Miami lost property tax revenue and was forced to pay the costs of foreclosed properties as a result of the banks ' actions . The Supreme Court ruled last year in a major Fair Housing Act case, upholding on a 5-4 vote a broad interpretation of discrimination claims allowed under the Fair Housing Act. The Supreme Court is set to issue a ruling by June 2017 .
The US Supreme Court is due to hear petitions from Bank of America and Wells Fargo , which are appealing against a lower court 's decision to dismiss 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 mortgage defaults over the past decade . The city of Miami lost property tax revenue and was forced to pay the costs of foreclosed properties as a result of the banks ' actions . The Supreme Court is set to issue a ruling by June 2017 .