HUD Sues Facebook Over Housing Discrimination; Pending Sales Ebb; Guarding Against Rate Reversal

Facebook, which has been accused recently of everything short of disappearing Jimmy Hoffa, is in more hot water. The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging Facebook with violating the Fair Housing Act. HUD said the huge social media platform had encouraged and enabled and thus has caused housing discrimination. The Charge, filed though HUD’s office of Administrative Law Judges states that, ” Because of the way [Facebook] designed its advertising platform, ads for housing and housing-related services are shown to large audiences that are severely biased based on characteristics protected by the Act , such as audiences of tens of thousands of users that are nearly all men or nearly all women. ” HUD says Facebook charges advertisers for the ability …read more

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