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VICTORY: Black and Latino Homeowners Targeted by Emigrant Bank’s Predatory Lending Prevail at US Supreme Court

The U.S. Supreme Court declined to grant certiorari on Emigrant’s appeal, ending a more than decade-long effort by Emigrant to escape accountability for predatory loans targeting homeowners of color. Homeowners will now receive $722,000 (plus post-judgment interest) in compensatory damages previously awarded at trial by a jury in the Eastern District of New York.