Posts and articles related to Lender Liability.

ProPublica: Another Way Wells Fargo Took Advantage Of Customers

Four former employees say that Wells Fargo made clients in its Los Angeles region pay for missing deadlines to lock in interest rates on loans, even though the delays were the bank’s fault. by Jesse Eisinger ProPublica, Jan. 23, 2017, 8 a.m. Wells Fargo, the largest mortgage lender in the country, portrays itself as a stalwart bank that puts customers [ More... ]

Lender Liability | Fifth Edition | By A. Barry Cappello Now Available

Santa Barbara, Calif.—The fifth edition of Lender Liability (800 pages), the authoritative treatise on lender misconduct, is now available through Juris Publishing. Authored by the acknowledged pioneer in lender liability law, attorney A. Barry Cappello, this latest edition of Lender Liability is a thorough revision and update of all the latest on how banks violate the law and create great [ More... ]

By |2020-08-28T09:43:09-07:00July 21st, 2014|Firm News, Lender Liability, News|

Final Court Orders Push Wells Fargo Borrower Discrimination Award to $9.8 million

A judge awarded nearly $5 million to the attorneys representing plaintiffs in a lending discrimination class action lawsuit against Wells Fargo Bank

Development Project Crashes on Tustin – Courthouse News Service

The City of Tustin sued Keybank and other lenders to a developer who was hired redevelop a former U.S. Marine base, borrowed $70 million against the project, then failed to complete the work and defaulted on the loans.

By |2020-08-28T09:49:04-07:00December 19th, 2011|Firm News, Lender Liability, News|

Never Give a Lender a Security Interest in Something You Can’t Live Without

Lenders often demand far more security than they need when a business borrower seeks a loan. While this may be a prudent and cautious lending strategy for banks, it can prove disastrous for a business borrower or guarantor who pledges personal collateral for the loan.

By |2020-08-28T09:45:05-07:00November 30th, 2011|Lender Liability, News|

Day of Reckoning Has Arrived For Commercial Real Estate Lenders

A collapse of the commercial real estate sector will be catastrophic to financial institutions and the economy so lenders must act now to avoid such a financial debacle, says A. Barry Cappello, nationally renowned attorney specializing in lender liability law.

By |2020-08-28T09:43:56-07:00October 11th, 2011|Lender Liability, News|

Fiduciary breach for lenders is alive and well

By A. Barry Cappello   Note: This article appeared in the Letters to the Editor column of the Los Angeles Daily Journal, Sept, 20, 2011 This letter responds to "Reality check: A bank's liability is not that simple," by Jill Switzer (Sept. 1). In cautioning the reader not to assume that bank liability for depositor claims is "a snap," Switzer [ More... ]

By |2020-08-28T09:56:39-07:00September 20th, 2011|Lender Liability|

Bratz Toymaker MGA Entertainment Files Lawsuit Against European Banks Over French Company Acquisition

May 12, 2011 LOS ANGELES, CALIF.--MGA Entertainment, a Los Angeles-based toymaker best known for its Bratz product line, filed a lawsuit against several large European banks over their alleged concealment of accounting fraud at French toymaker Smoby prior to MGA's purchase of the company. Because the banks manipulated Smoby's internal finances, the lawsuit says MGA now stands to lose as [ More... ]

LA court hits Wells Fargo with $3.5 million penalty in discrimination case

Posted By JON PRIOR On March 24, 2011 A Los Angeles Superior Court jury ruled against Wells Fargo (WFC [1]: 32.02 +1.52%) Thursday in a mortgage discrimination case, awarding borrowers $3.5 million. The class-action lawsuit alleged the bank knowingly discriminated against borrowers in minority neighborhoods. As a result, borrowers were charged more for their loans than those in predominately white [ More... ]

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