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The parties have reached a proposed $7.87 million settlement of a class action against Republic Mortgage Insurance Company on behalf of mortgage borrowers whose mortgage was insured by Republic under a certificate that became effective between December 18, 1996, and March 31, 2003. The action claims that the insurance was provided on terms that were very favorable to the mortgage lenders. To recover under the settlement, class members must submit a claim form postmarked no later than September 8, 2003.

A class action lawsuit has been filed on behalf of Indiana residents who received collection letters from Affiliated Group d/b/a Affiliated Credit Services. The suit alleges that Affiliated failed to adhere to the requirements of the federal fair debt collection practices act in its interactions with debtors.

A class action lawsuit has been filed in the Southern District Court of Indiana against Diversified Collections Services, Inc. for violations of the Fair Debt Collection Practices Act (FDCPA) which prohibits debt collectors from engaging in abusive, deceptive and unfair collection practices. Class members seek statutory damages, reasonable attorney’s fees and costs of the litigation.

On September 21, 2005, the court granted final approval of a settlement in a class action that had been filed against Indiana attorney Bart E. Carroll arising from his actions as a debt collector. The action was on behalf of all person from whom Mr. Carroll attempted to collect a debt at any time since October 8, 2002, but to whom he did not provide a debt validation notice either in the initial contact or within five days of that contact. The action alleged that Mr. Carroll had repeatedly violated the federal Fair Debt Collection Practices Act (FDCPA) in his efforts to collect outstanding debts from consumers.

A class action has been filed against Transunion, a credit reporting agency, by Steven and Melody Millett after Steven’s Social Security number was stolen and used by another individual over the course of 13 years. The Milletts claim that Transunion should have known that the Social Security Number was being used by more than one person and that upon being notified of the error, should have corrected their error. The lawsuit alleges negligent misrepresentation, fraud and failure to comply with the Fair Credit Reporting Act and seeks damages and injunctive relief.

The District Court in Kingfisher County, Okla., certified a suit against Gold Banc Corp. Inc. involving Farm Service Agency loans as a class action. Gold Banc said in a written release that it had received an order from the court. The lawsuit alleges that Gold Banc's Gold Bank subsidiary violated FSA regulations by charging interest rates and fees on FSA-guaranteed agricultural loans that were higher than the interest rates and fees it charged its average agricultural customers.

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