Loans
Planet Home Lending Unnecessary Home Inspections Class Action
When are mortgage lenders required or permitted to make a visual inspection of the property if the mortgage is in default? If the mortgage is insured by the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD) has a regulation that governs that situation. The complaint for this class action alleges that Read moreLoans
Structured Settlement “Overshadowing” of G-Notice Nevada Class Action
The Fair Debt Collection Practices Act (FDCPA) was designed to prevent abuse by third-party debt collectors trying to collect debts allegedly owed by consumers for debts incurred for personal, family, or household purposes. The complaint for this class action alleges that Structured Settlement and/or Nationwide Capital Services, LLC do not meet the requirements of the Read moreLoans
JPMorgan Chase Misleading Credit Card Fee Statement TILA Class Action
The Truth in Lending Act (TILA) aims to offer consumers proper disclosure of the terms of credit. The complaint for this class action alleges that JPMorgan Chase Bank, NA made disclosures “with inaccuracies or omissions” about its annual account or membership fees for its credit card accounts, thus violating the requirements of TILA. Read moreLoans
Credit One No Live Representative for Express Payments NY and FL Class Action
When consumers don’t make a lot of money, they must sometimes pay bills at the last minute. The complaint for this class action alleges that Credit One Bank, NA charges extra for “expedited” payments, but does not obey the requirements for charging such fees set forth in Regulation Z of the Truth in Lending Act Read moreLoans
Kelco FCU Errors in Mortgage Accounts with Balloon Payments Class Action
This complicated case involves both individual and class concerns about mortgage payments in Maryland. The complaint alleges that Kelco Federal Credit Union misapplied payments, misreported balloon amounts, and failed to correct errors, creating ever-larger problems for the homeowners, who finally brought this case against Kelco. Read moreLoans
Select Portfolio Servicing Responses to Borrowers Class Action
This class action brings suit against Select Portfolio Servicing, Inc. (SPS). The legal concerns relate to provisions of Regulation X and of the Real Estate Settlement Procedures Act (RESPA). RESPA aims to make sure that consumers are provided with better and more timely information about settlements and to protect them from abusive practices; Reg X Read moreLoans
Wells Fargo Improper Mortgage Insurance Premiums Class Action
Wells Fargo is a very large mortgage lender. Some of its mortgages are insured by the Federal Housing Administration (FHA). The complaint for this class action names Wells Fargo, NA and Wells Fargo Home Mortgage as defendants and alleges that Wells Fargo continues charging borrowers for FHA premiums even after they are no longer due. Read moreLoans
MegaStar Mortgage Loans Pay-to-Pay Fees California Class Action
MegaStar Financial Corp. services mortgages. But the complaint for this class action alleges that they “impermissibly profit” off homeowners “by charging and collecting illegal payment processing fees when borrowers make their monthly mortgage payments by telephone or online…” These are known as pay-to-pay fees, and the complaint claims they violate debt collection laws and breaches Read moreLoans
LoanCare Improper Escrow of Water Quality Fees Class Action
LoanCare, LLC is a mortgage servicing company. Like many mortgage servicers, it collects additional funds for things like taxes on the mortgaged property, which it holds in an escrow account until payment comes due. But the complaint for this class action alleges that it should not be collecting water quality fees in this same manner. Read moreLoans
Wells Fargo Mortgage Forbearance Enrollment Without Consent Class Action
In an earlier scandal, Wells Fargo was caught opening credit card and other accounts for clients without their knowledge or permission. The complaint for this class action alleges that Wells Fargo & Company and Wells Fargo Bank, NA have now enrolled some mortgage customers in Covid-19-related forbearance programs without their knowledge or permission. Read moreLoans