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Home / Opinion Digests / Consumer Protection – TILA – Finance Charge Disclosure (access required)

Consumer Protection – TILA – Finance Charge Disclosure (access required)

A plaintiff who alleges defendant’s loan disclosure statement violated the TILA because it materially understated the loan’s finance charge and annual percentage rate has the TILA claim dismissed by a Norfolk U.S. District Court, which says the plain language of defendant’s agreement to buy Washington Mutual’s assets from the FDIC preclude plaintiff’s claim. The complaint alleges ...

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