Discrimination class action claim

Discrimination class action claim

Marsha J. Courchane
Financial Economics

For a large lender, CRA provided expert testimony during a class action claim which asserted that underwriting of the mortgage disparately impacted minorities. Our expert— tasked with assessing whether statistical evidence supported the class action—testified that minorities were not unfairly priced and that the loan product was not disadvantageous to minorities. Plaintiffs demanded damages in excess of $100 million. The class was settled for less than a million.