HMDA Cases are Coming, But Winnable, Attorneys Say
November 18, 2005
The plaintiff’s bar hasn't gotten around to suing lenders yet for discrepancies evident in their Home Mortgage Disclosure Act data. But don’t fool yourself – litigation is on its way, experts say. “It will happen,” warned Andrew Sandler, a partner with the Washington, DC-based law firm Skadden, Arps, Slate, Meagher & Flom at a recent fair lending conference hosted by the Consumer Banker’s Association. Possible litigation has been a major concern...