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Class-Action Lawsuits Target Lenders
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Attorney Rogge Dunn has filed two class-action lawsuits against lenders, alleging violations of consumer protection laws, accusing them of exploiting homeowners. The CFPB ordered Bank of America to pay $12 million for incomplete mortgage lending data submission, while states can continue extending disclosure laws for business lending.
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How does the CFPB's order to Bank of America reflect the regulatory landscape for lenders and their data submissions?
How might these class-action lawsuits impact the lending industry and consumer protection?
What measures can lenders take to ensure compliance with consumer protection laws and avoid legal disputes?
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