Loan-Related Unfair Practices
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
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
Klarna “Buy Now, Pay Later” Plan and NSF Fees Class Action
Klarna, Inc. offers a “buy now, pay later” service to consumers who would like to spread out their payments for a purchase over time. The complaint for this class action alleges that the company makes misrepresentations and omissions in suggesting that the service is free, when in reality, users are all too likely to incur Read more
Big Picture Loans High Interest Rates Settlement
This settlement resolves a class action against Big Picture Loans and Red Rock Tribal Lending, which does business as Castle Payday Loans, and also resolves other cases based in Virginia, California, Oregon, Georgia, and Massachusetts. The complaint alleged that the companies violated state usury laws and the Racketeer Influenced and Corrupt Organizations (RICO) Act, made Read more
Great Plains, Others Excessive Interest Rates on Loans Settlement
This settlement resolves a class action against Kenneth Rees and a number of “payday loan” companies, including Sequoia, TCV, and National Credit Adjusters (NCA), for loans originating with Great Plains Lending, LLC, Plain Green, LLC, and MobiLoans, LLC. The latter three are companies supposedly owned by Indian tribes. This is a second settlement in a Read more
Santander Consumer Subprime Car Loans Settlement
Do you qualify for a piece of a massive $550 million-plus settlement about car loans from Santander Consumer USA, Inc.? Thirty-four attorneys general brought suit against Santander alleging that Santander exposed consumers to unnecessarily high levels of risk with consumer car loans. They claimed that Santander gave customers loans in circumstances that indicated a large Read more
American Web Loan Payday Loan Settlement
This settlement resolves a class action about loans made in the name of American Web Loans (AWL) and other associated companies. The complaint alleged that AWL was not licensed to lend in any state, that it violated federal law by making loans at higher rates than allowed by state laws, did not adequately disclose the Read more
Wells Fargo Fraudulent Affidavits to Extend Liens Class Action
When a financial company has made what it calls a mistake in its loan documents, it should not be able to change those terms in its favor, unilaterally and without the knowledge of the borrowers. But the complaint for this class action alleges that that’s what Wells Fargo did with certain home equity lines of Read more
Ally Financial Improper Vehicle Repossession Minnesota Class Action
This class action raises the issue of the steps that must be taken in Minnesota before a vehicle can be repossessed. The defendants include Ally Financial, Inc., Resolvion, LLC, and 11th Hour Recovery, Inc. The complaint alleges violations of the Fair Debt Collection Practices Act (FDCPA), the Minnesota Uniform Commercial Code (UCC), and Minnesota Common Read more
Alaska USA Federal Credit Union Auto Loan Markups Class Action
Consumers want to receive the best interest rates available to them. The complaint for this class action, however, alleges that Alaska USA Federal Credit Union (AFCU) and its Board of Directors allow auto dealers to mark up the interest rates on its auto loans. The complaint claims that this violates the Washington Consumer Protection Act Read more