Worse than Obamacare: SCOTUS upholds 'disparate impact' as discrimination
In a friend of the court brief, the Mortgage Bankers Association and other industry groups argue that “the risk of disparate-impact lawsuits…pressures the residential mortgage lending industry to arrive at particular outcomes and end numbers” such as making loans to borrowers based on racial factors rather than on typical underwriting criteria such as a borrower’s salary or credit score.
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