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Equal Credit Opportunity Act Mount Holly v Mt. Holly Citizens in Action

Polsinelli

Disparate Impact Remains Fair Lending Risk To Banks

Polsinelli on

Lenders seeking judicial relief from the Consumer Financial Protection Bureau’s heightened enforcement of the Equal Credit Opportunity Act were left disappointed by the settlement of Mt. Holly v. Mt. Holly Gardens Citizens in...more

Davis Wright Tremaine LLP

Mt. Holly Settled: Disparate Impact Questions Linger

The Consumer Financial Protection Bureau (CFPB) and other agencies that apply disparate impact tests under the Equal Credit Opportunity Act (ECOA) appear to have dodged another bullet. The background, recent events, and...more

Ballard Spahr LLP

Mount Holly settlement approved; dismissal of U.S. Supreme Court appeal to follow

Ballard Spahr LLP on

As expected, the Mount Holly town council voted last night to approve the settlement in Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc. Coming just three weeks before the U.S. Supreme Court oral argument...more

Ballard Spahr LLP

Tentative settlement reportedly reached in Mount Holly

Ballard Spahr LLP on

It is looking like our prediction that Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc. would settle before the U.S. Supreme Court heard oral argument was accurate. Late yesterday, the Wall Street Journal...more

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