Business

Attorneys General Must Go to Court to Probe National Banks

USA TODAY
NEW YORK -- In what was viewed as a victory for consumer and civil rights groups, the U.S. Supreme Court on Monday ruled that state attorneys general have a right to investigate national banks for lending discrimination. In the ruling, Justice Antonin Scalia said federal banking regulations didn't prevent states from enforcing their own fair-lending laws. It was a win for the New York attorney general's office, which had tried in 2005 to investigate national banks to see if they were racially discriminating in their residential real estate lending practices.
Click Here For The Full Story......

Posted by Editor at June 30, 2009 07:11 AM