WASHINGTON AP – U.S. states are arguing that they should be able to investigate banks for racial discrimination in lending, despite claims from the federal government that such financial oversight is its exclusive domain.
The state of New York, with the backing of the other 49 states, wants the Supreme Court to overturn a federal appeals court decision that blocks states from investigating the lending practice of banks. Arguments are scheduled for Tuesday, and the court is expected to issue opinions on other cases.
