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Corruption on Capital Hill: Bank Lobby Tried To Block Fair Housing Act Deal

262 19.05.2015 Инфо

A former senior JP Morgan Chase & Co. executive claimed Monday that he was fired for refusing to scuttle a legal settlement that may have prevented a landmark civil rights law from being weakened.
Two years ago the Supreme Court was poised to hear Mt. Holly Citizens in Action Inc. v. Township of Mt. Holly, a major case involving the 1968 Fair Housing Act, which bans discrimination in housing. At issue was whether the law bars policies that disproportionately harm minorities even if not explicitly intended to do so.
Under the Obama administration, the Justice Department has secured record settlements with financial institutions it has accused of practices that disproportionately harm people of color.