Military.com has published an informative article on JP Morgan-Chase’s agreement to pay more than $2 million to about 4,000 servicemember mortgage holders who were overcharged interest and threatened with foreclosure while they were on active duty. Chase actually foreclosed on 14 servicemembers’ homes. Under the Servicemembers Civil Relief Act, troops may have their mortgage rates [...]
18
Sep
DT Credit Class Action Payments
We have been informed that the checks to class members who are entitled a return of monies paid on deficiency balances were mailed today. Please contact us if you believe that you are entitled to a payment, but have not received one.
08
May
Notices re DT Credit Class Action Settlement
Our firm, along with the Trueblood Law Firm, recently received preliminary approval of a class action settlement against DT Credit Corporation. In the lawsuit, plaintiff alleged that she and other Californians received a notice from DT Credit following the repossession of their cars that did not properly inform them of their rights under California law. California law requires finance companies to provide fully compliant notices of intent to dispose of cars (NOIs) following a repossession. If not, the consumer does not owe any deficiency balance (the amount remaining on the contract after sale of the vehicle).
31
Mar
State Law Cannot Bar Class Action In Federal Court
The U.S. Supreme Court has held that a New York procedural law barring class actions for certain claims is not applicable in federal court. Read the opinion here. It is a very important ruling to consumers, establishing that state law cannot be used to prohibit a class action in federal court.
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