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Wells Fargo Name with Stagecoach Logo

Wells Fargo Put Homeowners into Forbearance Without Their Knowledge Class Action

During the Covid-19 pandemic, the CARES Act asked mortgage companies and servicers to offer forbearance programs for federally-backed mortgages. But the complaint for this class action alleges that Wells Fargo Bank, NA abused this provision by putting homeowners into the forbearance program when they had not requested it. The complaint alleges that this was particularly  Read more

Loans
Mortgage-Related Unfair Practices, Forbearance, Did Not Provide Adequate Information, Breach of Contract
Roundpoint Name on Building

Roundpoint Mortgage Unlawful Fees and Harassment West Virginia Class Action

What fees is a mortgage servicer allowed to charge in West Virginia? The complaint for this class action claims that Roundpoint Mortgage Servicing Corporation charges customers unlawful fees, such as for property inspections, late charges, “ORCC” fees, and other miscellaneous fees. Not only are they forbidden under West Virginia law; the complaint claims that even  Read more

Loans
Unlawful Fees, Unlawful Debt Collection, Extra Charges, Charges Not Permitted by Law
Bankers Healthcare Group Logo

Bankers Healthcare Group “Commercial” Loans to Consumers Class Action

Bankers Healthcare Group, LLC (BHG) is a financial company that makes loans to healthcare-related individuals and businesses. The complaint for this class action alleges that the company has been making loans to individual healthcare workers but has disguised them as loans to businesses by putting the letter “d/b/a” before the borrowers’ names. The complaint claims  Read more

Loans
TILA, Loan-Related Unfair Practices
Toy Car, Calculator, Piles of Coins

Ally Financial Auto Loan Collection Pay-to-Pay Fee Class Action

This class action involves an auto loan serviced by Ally Financial, Inc. and a pay-to-pay charge it applied to borrower payments. The complaint alleges that the fee was excessive and not permitted under the Retail Installment Sales Contract (RISC) governing the loan.  Read more

Loans
Processing or Pay-to-Pay Fees, Loan-Related Unfair Practices
Name Citizens and Logo

Citizens Bank Interest on Mortgage Escrow Accounts Multi-State Class Action

In certain states, mortgage lenders may be required to pay borrowers interest on their escrow accounts, where payments for taxes and insurance are held until they’re paid once a year. The complaint for this class action alleges that Citizens Bank, NA violates laws in Rhode Island and other states by not paying its mortgage borrowers  Read more

Loans
Mortgage-Related Unfair Practices, Failure to Pay Interest on Escrow Account, Failure to Pay Interest Due
Stair-Step Piles of Coins Marked "Loan" up to House

North American Financial Unlicensed Lending California Class Action

North American Financial Corporation (NAFC) has been making mortgage loans in California. What’s wrong with that? The complaint for this class action alleges that the company was not licensed to make such loans, but only to act as a broker between consumers and a licensed lender. Thus, the complaint argues, the borrowers for those loans  Read more

Loans
Unfair Business Practices, Not Licensed to Make Loans
Alltran Logo

Alltran Financial Late Charges May Up Debt FDCPA Class Action

The Fair Debt Collection Practices Act (FDCPA) tries to ensure that consumer debtors have accurate and complete information about what they owe and other things, so that they can make the best decisions possible about their finances. The complaint alleges that Alltran Financial, LP sent consumer debtors a confusing or misleading collection letter in that  Read more

Loans
Unlawful Debt Collection, Misleading or Confusing Debt Collection Letter, False or Misleading Information
Affirm Name and Consumer Goods

Affirm “Buy Now, Pay Later” Misrepresentations New York Class Action

Affirm Holdings, Inc. offers consumers “buy now, pay later” (BNPL) plans through partnerships with brick-and-mortar stores. Under these Affirm plans, customers buy merchandise, then make multiple payments until they have paid off the item. But these kinds of payment plans have disadvantages to customers as compared to credit cards, including an inability to return merchandise,  Read more

Loans
Negligent Misrepresentation, Deceptive Misrepresentation
Sign Above Capital One Branch

Capital One Reason for Cancellation of Credit Card ECOA Class Action

Under the Equal Credit Opportunity Act (ECOA), companies that provide credit are supposed to give customers written notices containing the reasons they’ve taken adverse actions against the customers in a credit transaction. The complaint for this transaction alleges that Capital One Bank (USA), NA did not do this when it closed a customer’s credit card  Read more

Loans
ECOA Violations, Denial of Loan or Credit, Credit Cards
Nationstar Logo

Nationstar Seizing of Multiple Mortgage Payments Florida Class Action

If you permit your mortgage servicer to withdraw the payment on your mortgage from your bank account each month, is the servicer permitted to withdraw three such payments at once, without notice to you, if you’re in default? The complaint for this class action alleges that Nationstar Mortgage, LLC has been making excessive withdrawals from  Read more

Loans
Unlawful Debt Collection, Servicing Your Mortgage, Mortgage-Related Unfair Practices, FDCPA, EFTA