"We respect Mount Holly Township's decision to settle, but we're disappointed that the Supreme Court has once again lost the opportunity to address whether disparate impact claims are appropriate under the Fair Housing Act," said ABA President Frank Keating.

Banks Disappointed Supreme Court Won't Hear Disparate Impact Case

An out-of-court settlement in Mount Holly, N.J., means that the court will not weigh in on whether the controversial legal theory can be used in fair-lending cases.

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