IBD: Last week the Supreme Court gave the White House license to water down, if not destroy, virtually every standard dealing with housing. There's nothing stopping its push for affirmative-action lending and zoning. --In a shocking 5-4 decision, the high bench ruled that housing- and lending-discrimination lawsuits based on no proof other than statistics showing different outcomes by minority groups are within the bounds of civil-rights law. --It agreed with housing-rights zealots that zoning and underwriting policies that have a harmful effect — or disparate impact — on minorities are illegal, even if that harm is unintentional.
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Monday, June 29, 2015
Obama's 'Disparate Impact' Witch Hunt Vs. Banks Gets Surprise Court Blessing
Labels:
banks,
disparate impact,
lending,
minorities,
Obama,
policy,
U.S. Supreme Court
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