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Tag Archives: Consumer Protection

No TILA Claim for Promissory Note Resale (access required)

A Richmond U.S. District Court dismisses plaintiffs’ Truth-in-Lending claims challenge against defendant lender and remands to state court plaintiff’s claims alleging that securitization or resale of the promissory note underlying the mortgage transaction makes plaintiffs’ obligations under the mortgage unenforceable. ...

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No TILA Claim Based on Mortgage Title Exam Charge (access required)

A Richmond U.S. District Court dismisses a homeowners’ suit asserting they validly rescinded a refinance mortgage credit transaction under the federal Truth in Lending Act, including its claim of a material under-disclosure of a finance charge based on the title ...

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Business Has No ‘Disparate Impact’ ECOA Claim (access required)

Even if the court recognized a “disparate impact” claim against a commercial lender under Virginia’s Equal Credit Opportunity Act, plaintiffs, a businessman of Indian descent and his four medical businesses, have not stated such a claim against defendant Wells Fargo, ...

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