A law intended to clarify non-discriminatory requirements for lenders -- and upping violation fines dramatically -- could actually scare banks away from doing any business in Montgomery County, Maryland.
"National mortgage lenders are pulling out of Montgomery County, one of the most expensive places in the state to buy a home, because the companies don't want to operate under a new local fair-housing law that industry leaders are calling 'a tort lawyer's dream.'"
"The law, which goes into effect March 8, adds examples to the definition of discriminatory lending and raises maximum damages a hundredfold - to $500,000 from $5,000.
Supporters of the ordinance say those who extend credit fairly, regardless of race, gender or similar characteristics, don't have anything to worry about. But Tom Shaner, executive director of the state brokers association, said he knows of five companies that have decided to stop lending in the county because they believe the law is so 'vague' that they can't be sure what it would take to comply. More are considering whether to follow suit, he said."
FULL STORY: Fair-housing law decried

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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