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Educational Financial Services (EFS), a division of Wells Fargo Bank, was sued in the Southern District of Texas alleging EFS should have known some of their student loans were dischargeable in bankruptcy. The suit filed raises some very interesting issues that have a direct impact on the rightful discharge of these private student loans in [.]
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A federal court has ruled against a payday loan company in New Mexico in a class action lawsuit that requires the company to return $7.3 million to a group of nearly 10,000 New Mexicans. The U.S.
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Now, as of last week, both Roba-y-na’ and Casals-Muoz are named as third party defendants in a lawsuit that claims they conspired to charge 36 percent interest on a mortgage loan. Florida statute states that anything over 18 percent is usury — or loansharking — and, thus, illegal. Documents obtained by Ladra look like someone kept $7,200.
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Justice Department Reaches Settlement with Santander Consumer USA to Resolve Allegations Concerning Over 1,100 Illegal Car Repossessions Against Service Members. Santander Consumer USA Inc. has agreed to pay at least $9.35 million to resolve a lawsuit by the Department of Justice alleging that.