City of Oakland v. Wells Fargo Bank, N.A. (9th Cir. 2020)
This decision holds that the Fair Housing Act (42 USC 3613) sets a broad, loose standard of proximate causation and that Oakland's claim of decreased property tax revenue due to Wells Fargo's housing discrimination against Black and Hispanic borrowers both in terms of giving them less satisfactory loan terms and in foreclosing on them disproportionately--all as demonstated by multiple regression… Read More