Tag Archives: predatory lending lender liability

N.Y.S. Department of Financial Services Expands Probe Into Force-Placed Insurance

In October 2011, The New York State Department of Financial Services (“DFS”), which supervises both the insurance and banking industry, commenced an investigation into “force-placed insurance.”  That investigation has recently intensified with several days of public hearings. In order to … Continue reading

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Update: IndyMac/OneWest HAMP Class Action Lawsuit

In our July 2011 blog post, we reported about Judge William J. Hibbler’s decision to deny IndyMac Mortgage Servicers, FSB’s (a division of OneWest Bank, FSB) motion to dismiss a class action lawsuit related to its failure to comply with guidelines … Continue reading

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Wells Fargo Denied Bid to End Insurance Kickback Class Action Lawsuit

In April 2011, several homeowners brought a class action lawsuit against Wells Fargo Bank and QBE Specialty Insurance Co. involving “force-placed insurance.” According to the complaint, all homeowners who have mortgages with defendant Wells Fargo are required to maintain insurance … Continue reading

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