U.S. top court says cities can sue over predatory lending but sets high bar

The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court decision that had allowed litigation brought by Miami to move forward.The court, ruling 8-0, tossed out a ruling by the Atlanta-based 11th U.S. Circuit Court of Appeals that had permitted Miami's lawsuits against major banks but gave the city another chance to make its case befo