Lamh Foistenach Abu!
Posted on 10/07/2008 12:48:42 PM PDT by mnehring
Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/InsuranceDocket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.
U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiff’s Lawyers
Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 | FH-IL-0011-9000
Obama, Barack H. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000
What was the settlement? CitiBank’s agreement to make loans to people who demographically were at high risk of foreclosure?
That would be a nice little firecracker for McCain to throw at Obama tonight. I wonder if they have an answer for that one. Probably “I was just a hired lawyer doing my job” or some silliness.
According to Barney Frank, you are racist (and probably homophobic) for posting this truthful story on Freerepublic!
Were any of the plaintiffs ORacist sued on behalf of named Whitey Whitney by chance?
The sad thing is that will be his legacy statement if elected.
Lamh Foistenach Abu!
If this was from way back in 94, wouldn’t you think that foreclosures would have been happening much sooner than 14 to 15 years later? I say that a very big part of this is the over-extended second mortgage holders that were trying to play the game with the ARM rates and lost.
Obama doesn't care about black people!!!
Great way to put it Rosalyn.
That’s not the Citibank I knew
Obama doesn't care about ripping off poor people. They come in all colors.
Bump
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True, but I am a Fannie Mae stockholder whose annual reports consistently named “minority” potential homeowners as their chief target.
Too, I was referring to this thread’s theme: “community activist” Obama’s activities. I doubt seriously he was going to bat for Jim and Midge in the suburbs looking to double their square footage and add a swimming pool.
“According to Barney Frank, you are racist (and probably homophobic) for posting this truthful story on Freerepublic!”
Let chant “racist” all they want.
1. It’s not racist to point out that these suits and government policies wrecked our economy.
2. Accuse us of being racist? Oh, will that make blacks not vote for McCain? Oh wait...they weren’t going to vote McCain anyway.
3. Keep up the “racist” line of attack and you’ll get the “Bradley Effect” to show for it.
I’m good with all that.
The settlement was reached in May 1998.
Assume Citibank began issuing loans to poorly qualified applicants in 1999. Assume they issue 5-year balloon loans or ARMs that begin to go into default in 2004.
Entirely plausible that this lawsuit contributed (significantly) to the current mess.
This would be great Debate Ammo!!!! Alert McCain’s Team!!!!!
I don’t expect McCain to lob any bombs that haven’t already been floated past the Media to see how well they’d play. The ‘undecideds’ might not know how to evaluate Obama’s reaction if they’d never heard it themselves.
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