Law360, New York (June 28, 2016, 12:29 PM EDT) -- The U.S. Supreme Court on Tuesday agreed to hear a petition from Bank of America and Wells Fargo seeking to overturn a lower court decision allowing the city of Miami to bring fair housing claims against them.The two banks are seeking to overturn a September 2015 decision in the Eleventh Circuit that revived Miami's lawsuits against Bank of America Corp. and Wells Fargo & Co. over alleged discriminatory lending practices that harmed black and Latino borrowers under the Fair Housing Act."We appreciate the Supreme Court’s decision today and look forward to presenting our strong argument that the city does not... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Bank of America and Wells Fargo have taken another step towards overturning a court decision which is set to allow the city of Miami to introduce fair housing claims against the banks. On June 28, 2016, the US Supreme Court agreed to hear the banks' petitions.