Court Limits Damages for Misleading Loans
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The Supreme Court ruled Tuesday that car buyers can only get limited damages when they are misled about automobile loans.
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Banks are being accused of pressuring customers into taking out costly loans to try to clear their debts.
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The Supreme Court today overturned a five-figure damage award to an Alexandria man for a local auto dealer&#39;s alleged loan scam, ruling that a Richmond-based federal appeals court had wrongly
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Hundreds of lawsuits are being filed on behalf of borrowers who legal advocates say were shoehorned into homes beyond their means with creative and onerous mortgages.
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An investor lawsuit has been filed against Merrill Lynch & Co  contending that the company issued false and misleading statements regarding its exposure to risky mortgage investments, plaintiffs' lawyers said on Tuesday.
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Questions are growing about whether law firms that helped investment banks bundle home loans into securities adequately disclosed the risks to investors.
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Creditors put more pressure on debt-soaked borrowers.
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The new rules are intended to protect would-be home buyers from unscrupulous lenders and, in a sense, from themselves.
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Thousands of older Americans have sued companies that promoted dubious offers even though the victims concede they made unwise decisions.
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The Supreme Court ruled Tuesday the federal truth in lending law caps damages at $1,000 for violations of its requirements for consumer loans secured by personal property, such as a motor vehicle.
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The Supreme Court today overturned a five-figure damage award to an Alexandria man for a local auto dealer's alleged loan scam, ruling that a Richmond-based federal appeals court had wrongly interpreted a federal fair-credit law when it upheld the award last year.
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Sometimes you should say "no" when your lender gives you more room to spend.
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A JUDGH HAS ruled that a manufacturer of electronic voting equipment knowingly misrepresented its claims when it sent threatening letters to the ISPs of students who had posted the company&#39;s internal documents online.
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Thousands of older Americans have filed suits against companies who have promoted dubious offers even though the victims concede they freely made unwise decisions.
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A federal appeals court here ruled on Thursday that federal regulators erred in rejecting up to $2.8 billion in refunds owed to California electric customers resulting
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Consumers harmed by a pyramid-scheme have a month to file claims to a share of the settlement.
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How the judgment may thwart attempts to recover