Case: United States v. Security State Bank of Pecos

5:95-cv-00996 | U.S. District Court for the Western District of Texas

Filed Date: Oct. 18, 1995

Closed Date: Oct. 18, 1995

Clearinghouse coding complete

Case Summary

The Department of Justice filed suit against Defendant-lender in the U.S. District Court for the Northern District of Texas on October 18, 1995, alleging violations of the Equal Credit Opportunity Act, 15 U.S.C. §§ 1691-1691f. The District Court entered a stipulated judgment the same day, assessing a $500,000 penalty against the Defendant-lender and a $10,000 fine.

We have no other information about this case.

Summary Authors

Andrew Nash (6/2/2008)

People


Judge(s)

Prado, Edward Charles (Texas)

Attorneys(s) for Plaintiff

Heffernan, Brian F. (District of Columbia)

Nowak, Raymond A (Texas)

Pietrafesa, S. E. (District of Columbia)

Attorneys(s) for Defendant

Kerr, William M. (Texas)

Judge(s)

Prado, Edward Charles (Texas)

Attorneys(s) for Plaintiff

Heffernan, Brian F. (District of Columbia)

Nowak, Raymond A (Texas)

Pietrafesa, S. E. (District of Columbia)

Attorneys(s) for Defendant

Kerr, William M. (Texas)

Documents in the Clearinghouse

Document

Docket (PACER)

United States v. Security S.B. Pecos

Oct. 18, 1995 Docket

Resources

Title Description External URL

The Origins of Fair Lending Litigation

Andrew Nash

This paper describes the origins of fair lending litigation in the 1970s. It documents two litigation strategies, one aimed at discriminatory lenders in local communities and a second at the federal … Dec. 4, 2008 http://ssrn.com/...

Docket

Last updated May 12, 2022, 8 p.m.

ECF Number Description Date Link

Case assigned to Honorable Edward C. Prado (wg) (Entered: 10/18/1995)

Oct. 18, 1995
1

Complaint filed. (wg) (Entered: 10/18/1995)

Oct. 18, 1995
2

STIPULATED JUDGMENT for United States against Security S.B. Pecos in the sum of $500,000, to be distributed as contained in said Judgment. Within 30 days after entry of this Stipulated Judgment, Defendant shall pay $10,000 by check payable to the USA as a civil money penalty. This action is DISMISSED without prejudice to the right of either party to approach the Court regarding matters of noncompliance with the terms of this Judgment. Each party to this litigation will bear its own costs. (fe) (Entered: 10/18/1995)

Oct. 18, 1995

Case closed (fe) (Entered: 10/18/1995)

Oct. 18, 1995

State / Territory: Texas

Case Type(s):

Fair Housing/Lending/Insurance

Key Dates

Filing Date: Oct. 18, 1995

Closing Date: Oct. 18, 1995

Case Ongoing: No

Plaintiffs

Plaintiff Description:

United States Department of Justice Housing and Civil Enforcement Section

Plaintiff Type(s):

U.S. Dept of Justice plaintiff

Attorney Organizations:

U.S. Dept. of Justice Civil Rights Division

Public Interest Lawyer: Yes

Filed Pro Se: No

Class Action Sought: No

Class Action Outcome: Not sought

Defendants

Security State Bank of Pecos, Private Entity/Person

Case Details

Causes of Action:

Equal Credit Opportunity Act (ECOA), 15 U.S.C. § 1691

Availably Documents:

Trial Court Docket

Outcome

Prevailing Party: Plaintiff

Nature of Relief:

Damages

Source of Relief:

Settlement

Form of Settlement:

Confession of Judgment

Issues

General:

Funding