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Case ID: 3798 | Credit / Debt | 10/19/2004
A class action has been filed against First Capital Bank, an Oklahoma bank, by farmers who entered into loans with them and were charged high rates of interest. The loans were guaranteed by the Farm Service Agency (FSA) and subject to strict rules and regulations that were not followed. The class members also allege that the Bank used loan monies for their own purposes. Members seek compensation for interest paid, exemplary and punitive damages, and costs and attorney fees.
Specifically, the class members allege: • Usury (charging unlawful rates of interest). First Capital Bank charged the farmers interest rates that were sometimes four (4) percentage points higher than rates given to other customers. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Credit / Debt Cases of Interest A class action lawsuit has been filed in the Eastern District Court of Pennsylvania against RCS Center Corporation, a California-based collection agency, for violations of the Fair Debt Collection Practices Act (FDCPA). The FDCPA prohibits debt collectors from engaging in abusive, deceptive and unfair collection practices. Class members seek an injunction from having RCS communicate with the lead plaintiff, damages, attorney's fees and costs of the litigation. A class action has been filed in Pennsylvania against collection specialist, NCO Financial Services, Inc. The action is brought on behalf of all Kentucky and Pennsylvania residents who received a collection letter from NCO Financial which included a due date for payment, a date which consumers claim has the effect of overshadowing the statutorily required statement entitling consumers to challenge the validity of the alleged debt. The action is brought under the federal Fair Debt Collection Practices Act and seeks statutory damages as well as injunctive and declaratory relief.
A class action has been filed in Florida against Butler & Hosch, P.A.. on behalf of all Florida residents who were required to pay prepayment penalties on mortgages that were accelerated as part of a foreclosure action. According to the mortgagees, Florida law does not permit the collection of prepayment penalties once a mortgage has been accelerated during foreclosure. The action is brought under the federal Fair Debt Collection Practices Act and Florida consumer laws. The mortgagees are seeking actual damages as well as the maximum statutory damages allowed under the FDCPA.
Chevy Chase Bank has settled a seven-year-old class-action lawsuit that could affect hundreds of thousands of credit card holders who say they were charged late fees and excessive interest rates that were not part of their agreements with the bank. A class action lawsuit has been filed in the Eastern District Court of New York against Credit Collection Services, Inc., a New York based collection agency, 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 damages, attorney's fees and costs of the litigation. A class action has been filed against Fountainhead Title Group Corporation and numerous affiliated businesses and mortgage companies on behalf of all Maryland borrowers who entered into mortgage loan transactions using the services of Fountainhead Title where the HUD-1 Settlement Statement, or other document in the loan file, includes a charge for or payment to an Affiliated Business Arrangement for title or closing services. The action alleges that the affiliated businesses are actually shams that allow the title company and mortgage companies to charge borrowers false fees, in violation of the federal Real Estate Settlement Procedures Act and the Maryland Consumer Protection Act.
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