Loans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans, Government Programs or Benefits
FMA Alliance Multiple Addresses for Debt Dispute Class Action
Congress passed the Fair Debt Collection Practices Act (FDCPA) because of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors.” Among other things, it seeks to make third-party debt collectors provide consumer debtors with information that is clear and unambiguous. This class action brings suit against FMA Read moreLoans
IC System Unclear Settlement Offer in Collection Letter FDCPA Class Action
Congress passed the Fair Debt Collection Practices Act (FDCPA) because of the “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors.” The complaint for this class action alleges that I.C. System, Inc. (ICS) violates that law in sending letters to consumer debtors which did not make clear Read moreLoans
Gregory Funding Payoff Statement Fees Not Yet Incurred Class Action
This class action concerns the kinds of fees mortgage servicers are permitted to add to payoff statements, and how those fees may be figured. The complaint sues Gregory Funding, LLC for two fees added to its payoff statement, alleging that the wire fee should not have been added and that the reconveyance fee is excessive. Read moreLoans
Fay Servicing Payoff Inquiries Regulation X, RESPA Class Action
Fay Servicing, LLC is a mortgage servicer that at times also acts as a debt collector. This class action brings suit against Fay, alleging that it has a “pattern and practice of failing to provide homeowners with an accurate statement regarding the mortgages that it services.” Read moreLoans
American Coradius Did Not Provide Creditor Name FDCPA Class Action
The Fair Debt Collection Practices Act (FDCP) sets forth rules for third-party debt collectors who are attempting to collect consumer debts. It seeks to prevent abusive collection practices. Among its requirements are that debt collectors must provide certain information to consumer debtors at their first contact or shortly thereafter. The complaint for this class action Read moreLoans
Midland Credit Letter Unclear as to Settlement Options FDCPA Class Action
As a third-party debt collector, Midland Credit Management, Inc. (MCM) must comply with the Fair Debt Collection Practices Act (FDCPA), a federal law. One thing the law requires is clarity in communications with consumers, so that ordinary people can fully understand their options and make the best choices possible in their circumstances. The complaint for Read moreLoans
