Supreme Court Deadlock Affirms Lower Court Decision Holding Lenders
SUPREME COURT DEADLOCK AFFIRMS LOWER COURT DECISION HOLDING LENDERS THAT REQUIRE SPOUSAL LOAN GUARANTEES DOES NOT VIOLATE GENDER DISCRIMINATION LAWS The issue in the Supreme Court Case of Hawkins v Community Bank of Raymore is whether the Federal Reserve has the power or authority to determine in 1985 whether spousal guarantors could bring an action for Discrimination, despite the fact such a right was not provided for in the Equal Credit Opportunity Act. The Act, which applies to applicants of loans, brings the question of Read More +