On Monday, May 1, , the Supreme Court ruled in favor of the City of Miami, allowing them to file a lawsuit against two banks, Bank of America and Wells Fargo, for discriminatory mortgage lending practices that violated the Fair Housing Act of If you are a victim of predatory lending practices, some steps to get your money back include:. Being a victim of predatory lending practices can be terrifying.
You need to retain a knowledgeable consumer protection attorney immediately to protect your rights. We will assess your case, gather necessary evidence, and compose a strategy to assist in recovering your financial losses. We will fight vigorously on your side to help you recover your money. Predatory lending practices can turn your dream to own a home into a nightmare with exorbitant fees and foreclosure threats.
With locations in Kansas City, Kansas, Kansas City, Missouri, as well as Lincoln, Nebraska, our experienced team of attorneys have the knowledge and insight to fight on your side and pursue the justice you deserve.
Call us today to schedule a free consultation. What is Predatory Lending? Some predatory lending practices include: Inadequate or false disclosure Misrepresenting the true cost, and other terms and conditions of the loan Risk-based pricing Inflated fees and charges Asset-based lending Reverse redlining Loan packing and loan flipping For instance, the predatory lender may decide to insert credit insurance on personal loans or auto loans.
Legal Protections Fortunately, there are federal and state laws that protect borrowers against the unethical practices of predatory lenders. Our directory can help you find the perfect attorney for your needs. Click here to find a qualified lawyer today. Lost Your Password? Facebook Tumblr Telegram Youtube. Show Sidebar. Halt February 28, 0 Comments. Share This Post: facebook twitter linkedin google pinterest. Halt Halt. Every day hundreds of thousands of people come to Halt.
Smart lawyers list their law firm's name address and phone number as well as their, awards and credentials, operating hours. To make the Law Office available to thousands of potential clients. Keep me signed in. Back To Login. Consumer Action Law Group has a team of foreclosure lawyers and staff that is familiar with secured loans and debt disputes.
Our mortgage attorneys file predatory lending lawsuits against mortgage companie s and win. We will help you stop your home from being foreclosure if you are getting the run around from Bank of America, Chase, Ocwen or any other big banks that we have filed cases against.
Our mortgage attorneys have an established track record of success filing lawsuits against lenders for predatory, illegal lending practices, and other unfair lending practices. When it comes to saving your house, it is important to make sure your lender does not illegally sell your home.
While some laws and regulations do exist to protect the borrower, they are complicated and limited in their reach. Here are some of the protections afforded by current law:. Protections from Abusive Lending Practices. While this law goes a long way to prevent predatory lending, unfortunately it only applies to certain purchase-money mortgages, refinances; closed-end home equity loans; and open-end credit plans.
Protections Against False or Misleading Statements. TILA also creates specific rules for close-end accounts such as home or auto loans and open-ended accounts such as credit cards , but the law does not restrict the amount of interest the bank may charge or require the bank to extend credit.
For consumers who are refinancing a residential mortgage, TILA gives the borrower the right to rescind—or cancel—the loan within three days without losing any money.
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