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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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans
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 moreLoans