Back in my teaching days I used to tell kids that being dumb is not against the law. You can't go to jail for that.
Evidently, Massachusetts wants that to change. H&R Block made some mortgage loans to people without requiring a down payment. Other loans--often called "liar loans" and for good reason--required no verification of employment. Now that's dumb. But is it against the law?
Massachusetts is suing H&R Block demanding that all foreclosue preceedings againt HRB borrowers be halted "to give local authorities time to review each mortgage". The new twist is that giving such loans was racist.
Obviously HRB learned its lesson: it no longer makes mortgage loans after losing a billion dollars and selling its mortgage unit.