Calif. jury issues $3.52M verdict against Wells Fargo over discriminatory lending

Amanda Bronstad March 24, 2011 A jury has awarded $3.52 million in damages to a class of Los Angeles homeowners who sued Wells Fargo & Co. for lending discrimination. The class members had alleged that Wells Fargo discriminated in its lending practices so that borrowers in predominantly minority neighborhoods were forced to pay more. On […]

Read more...

Fourth Edition of Lender Liability by A. Barry Cappello Now Available – News Release

A new edition of Lender Liability, the leading legal treatise on lender misconduct, is now available through Juris Publishing. Authored by the acknowledged pioneer of lender liability law, attorney A. Barry Cappello, the updated fourth edition is being released at a time when lender misconduct claims and the credit crisis are creating headlines around the world.

Read more...

The New Commercial Lending Crisis – News Release

Business borrowers are beginning to feel the ripple effects of the financial crisis as lenders tighten commercial lending in a cautionary attempt to stop further erosion of capital and assets, says lender liability expert A. Barry Cappello, managing partner with the Santa Barbara law firm of Cappello & Noël, LLP.

Read more...

Looming Commercial Lending Crisis to Hit Hard Says Lender Liability Expert – FindLaw

Business borrowers are beginning to feel the ripple effects of the financial crisis as lenders tighten commercial lending in a cautionary attempt to stop further erosion of capital and assets, says lender liability expert A. Barry Cappello, managing partner with the Santa Barbara law firm of Cappello & Noël, LLP. He says the coming commercial credit crunch will be hard felt–especially by small businesses and borrowers in certain industries.

Read more...

Santa Barbara’s Resident Barracuda – California Lawyer

Barry Cappello, the father of lender liability, takes on the nation’s banks and irritates Santa Barbara’s legal community. Standing in the back of a Los Angeles courtroom during a recess in his most recent case against a big bank, A. Barry Cappello was sounding downright modest about what he had accomplished in his day-long summation.

Read more...

Borrowers Sue Wells Fargo Bank – News Release

Wells Fargo loan customers in minority communities in Los Angeles filed a class action lawsuit against the lender on Friday, August 5, charging Wells Fargo with discriminatory loan practices. The complaint says Wells Fargo consistently and knowingly discriminated against borrowers in minority neighborhoods resulting in borrowers paying more for their loans than borrowers in other parts of Los Angeles County.

Read more...

When Lenders Play Hardball – Lawyers and Business Executives in the News

After leaving the Santa Barbara City Attorney’s Office for private practice, A. Barry Cappello began noticing that few people would bring lawsuits against big banks – particularly when it came to lender liability. Cappello realized it was a potential niche for his firm, Cappello & Noel (http://www.cappellonoel.com/). “Nobody was suing the banks because they were hiring the biggest lawyers in the world, and I didn’t think that was right,” Cappello said in an interview.

Read more...