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Wells Fargo goes to Supreme Court in alleged Fair Housing Act violations case

Wells Fargo& Co. urged the U.S. Supreme Court to decide if the city ofMiami can pursue lawsuits alleging that major banks violated the Fair HousingAct, the Tampa Bay Business Journalreported April 1.

The 11th U.S. Circuit Court of Appeals allowed the City ofOakland, Calif. to move forward with cases accusing the bank of discriminatory lending. However, ina petition filed March 4 with the Supreme Court, Wells Fargo argued that thecity did not have the legal right to file the cases.

"In short, the city's asserted injuries do not fallwithin the FHA's zone of interests, and were not proximately caused by thealleged statutory violations. Because the city is not an aggrieved person, ithas no right to sue under the statute," the petition stated.

The petition also stated that the decision made by theappeals court conflicted with other legal rulings.