7th Circuit:  County Cannot Recover Under FHA For Banks’ Predatory Lending

(August 24, 2023, 11:42 AM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals ruled that a county in Illinois that says it was injured by a bank’s predatory loan practices because of vacant homes, diminished home values and lost tax revenue is not entitled to relief under the Fair Housing Act (FHA) because the county “did not suffer ‘first-tier injuries’.”...