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Shellpoint Mortgage Servicing Building

Shellpoint Mortgage Servicing Failure to Cancel PMI Class Action

NewRez, LLC services mortgages as Shellpoint Mortgage Servicing. The complaint for this class action alleges that the company has charged mortgage customers for private mortgage insurance (PMI) premiums, even after the PMI has terminated. The complaint claims Shellpoint has violated the Homeowners Protection Act (HPA) and Illinois state laws and breached its contracts with customers.  Read more

Loans
Servicing Your Mortgage, Private Mortgage Insurance, Mortgage-Related Unfair Practices, Breach of Contract
Kabbage Name and Logo

Kabbage Slow Forgiveness on PPP Loans Class Action

As part of the efforts to help individuals and companies affected by Covid-19 pandemic, the government instituted a Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA). This class action brings suit against Kabbage, Inc. and K Servicing, for not keeping up with processing PPP loan forgiveness applications.  Read more

Loans, Government Programs or Benefits
Provisions of Government Programs, Loan Servicing, Loan Forgiveness, Covid-19 Related

MDG Interest on Loans for California Consumer Purchases Class Action

MDG USA, Inc. offers a website on which it sells consumer goods like televisions, computers, furniture, gaming devices, and appliances. It also offers consumers credit so they can buy these items. But the complaint for this class action alleges that MDG sets its interest rates at or above 35%, when the maximum interest rate permitted  Read more

Loans
Rent-a-Bank Scheme, Loan-Related Unfair Practices, Excessive Interest Rate
Students in Caps and Gowns, Caps with Price-Tag Tassels

National Collegiate Student Loan Trusts Student Loan Collection Wisconsin Class Action

This class action concerns collections of student loans. The defendants are the National Collegiate Student Loan Trust and entities with similar names, NCT (a de facto company including other trusts), and Wilmington Trust Company (the trustee for the trusts). The complaint alleges that the Trusts and NCT “did not have the lawful right to collect  Read more

Loans
Unlawful Debt Collection, Student Loans, No Proof of Standing/Ownership of Debt, Loan-Related Unfair Practices
ZocaLoans Logo

ZocaLoans “Rent-a-Tribe” Predatory Lending Scheme Illinois Class Action

The primary defendant in this class action is Rosebud Lending LZO, doing business as ZocaLoans, which is supposedly an entity of the Rosebud Sioux Tribe that lends money. But the complaint alleges that it is part of a rent-a-tribe scheme, in which predatory lenders 777 Partners, LLC, Tactical Marketing Partners, LLC, and others engage in  Read more

Loans
Tribal Sovereignty Issue, Payday Loans, Excessive Interest Rate
Gavel in Front of Books

Itria, Biz2Credit “Future Receivables Purchases” RICO Class Action

This class action involves financing provided to businesses by Itria Ventures, LLC and Biz2Credit, Inc. The complaint alleges that the companies offer “future receivables purchases” rather than loans, but that they renege on terms of the financing, charge usurious interest rates, and engage in racketeering.  Read more

Loans
RICO laws, Fraud, Extortion, Excessive Interest Rate
Wells Fargo Red and Yellow Logo

Wells Fargo Reports Mortgages as Being in Forbearance California Class Action

Lenders, landlords, and employers all use credit reports to screen applicants, to determine whether they want to enter into relationships with them. It is therefore important that credit reports be accurate. The complaint for this class action alleges that Wells Fargo Bank, NA furnishes false information to credit reporting agencies, claiming that certain mortgage accounts  Read more

Loans
Providing Inaccurate Information to Credit Reporting Agencies, Mortgage-Related Unfair Practices, Credit Reports
Shaking Hands over Desk and Documents

MaxLend “Rent-a-Tribe” Payday Loans Illinois Class Action

Are lenders allowed to charge nearly 700% in interest? Not under Illinois state laws. But two entities—Makes Cents, Inc. and Uetsa Tsakits, Inc. (UTI)—who make such loans through the website www.MaxLend.com, purport to be owned by the Mandan, Hidatsa, and Ankara Nation, and to therefore be entitled to tribal sovereignty and tribal immunity. The complaint  Read more

Loans
Predatory Lending, Payday Loans, Excessive Interest Rate
Illustration of GAP Waiver

PNC Bank No Refund of GAP Fees for Early Auto Payoffs Class Action

This class action concerns Guaranteed Automobile Protection (GAP) agreements when customers pay off their auto loans early. The complaint for this class action brings suit against PNC Bank, NA, which does business as PNC Auto Finance, alleging that the company retains unearned GAP fees, when it should be refunding them to consumers after early payoffs.  Read more

Loans
Loan-Related Unfair Practices, GAP Coverage, Failure To Pay For Refund
Capital Plus Financial Logo

Capital Plus Financial Funding of PPP Loans Class Action

Many businesses were put under severe financial strain due to the Covid-19 pandemic. To help alleviate the situation, Congress passed the CARES Act, which, among other things, provided emergency help to small businesses, sole proprietorships, and nonprofits through the Paycheck Protection Program (PPP). But the complaint for this class action alleges that Capital Plus Financial,  Read more

Loans, Government Programs or Benefits
Provisions of Government Programs, Loan-Related Unfair Practices, Covid-19 Related