U.S. Supreme Court declines to review reverse-redlining lawsuit
By ABA Banking Journal Staff
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The brief below is a reading aid. The original source material and source link remain the governing reference.
Operational Brief
• The U.S. Supreme Court declined to review a Second Circuit decision affirming a New York federal court judgment against Emigrant Mortgage Company Inc., which was found guilty of reverse redlining.
• This case involved compensatory damages awarded to four homeowners who were victims of discriminatory lending practices.
Why It Matters for Texas Credit Unions
The article does not mention Texas, TCUD, or any Texas-specific entities. The case is in New York and involves a national mortgage company.
Who this most likely affects
Bounded site guidance: This item is most likely relevant for credit unions with meaningful mortgage, home-equity, or consumer-real-estate activity.
Why this fit: The source language points to lending, mortgage, or fair-lending activity that usually matters most where those programs are active.
This is site guidance, not a formal determination. ABA Banking Journal and the original source material remain the governing reference.
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The U.S. Supreme Court declined to review a Second Circuit decision affirming a New York federal court judgment that awarded compensatory damages to four homeowners after determining Emigrant Mortgage Company Inc. engaged in “reverse redlining.” The post U.S. Supreme Court declines to review reverse-redlining lawsuit appeared first on ABA Banking Journal .