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Case ID: 3990 | Credit / Debt | 11/30/2004
A class action lawsuit has been filed against Equifax Consumer Services, Inc.and Fair Isaac Inc. in connection with the "Score Power" online credit reporting service. The lawsuit alleges that defendants failed to make certain legally required disclosures regarding the "Score Power" service and that the service failed to live up to certain representations regarding improvement of credit scores. Plaintiffs seek financial damages together with interest, costs and attorney's fees.
"Score Power" is an online service that enables subscribers to continuously access their credit report online for 30 days and track changes to the report and their credit score. The service also includes certain tools and materials designed to assist users in understanding and improving their credit score. Plaintiffs allege that the defendants were required under federal credit reporting laws to make certain disclosures before providing the credit reports, and that they failed to do so. Further, the plaintiffs allege that "Score Power" was represented as a tool that would assist the user with improvement of credit scores and that the defendants violated federal legal requirements applicable to credit repair. 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, which apparently covers all U.S. residents, has been filed in Pennsylvania against mortgage giant Chase Manhattan Mortgage. The action is brought on behalf of all consumers who, since 2001, were not furnished with mandatory credit information, or provided with contact information for obtaining this information, after Chase either denied them a mortgage loan or provided one with elevated interest rates or fees. The consumers are seeking compensatory, statutory and punitive damages.
Your mortgage contract should tell you exactly what fees your lender can charge--Do not pay any fees not listed. The class has been certified in an action filed against lender Household Finance Corporation and its Beneficial Corporation subsidiary on behalf of mortgage borrowers nationally who allege that the companies violated their loan agreements by overcharging interest on loan origination fees. Persons eligible to take part in this action need take no action at the present time. Financial-services firm Edward Jones has signed a tentative agreement to settle nine class action suits in connection with the firm's mutual fund revenue sharing practices. A national class action has been filed in Kansas against mortgage broker giant, Money Tree Mortgage, Inc. The action is brought on behalf of all U.S. residents who have applied for mortgages through Money Tree and alleges that the company has committed a litany of common law and federal violations from fraud, conversion and negligent misrepresentation to wire fraud, racketeering and violations of the Equal Credit Opportunity Act. The action seeks compensatory, statutory and punitive damages as well as injunctive and declaratory relief. A statewide class action has been filed in Indiana against debt collection specialists, Statewide Credit Association, Inc. The action is brought on behalf of all Indiana residents who received form type collection letters from Statewide with language that overshadowed the federally mandated information regarding consumers' rights to dispute the validity of the debts which are under collection. The action is brought under the federal Fair Debt Collection Practices Act and seeks statutory, injunctive and declaratory relief. Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of American Home Mortgage Investment Corp. ("AHM" or the “Company”) (NYSE:AHM - News) who purchased shares of the Company between July 26, 2006 and July 27, 2007 (the "Class Period"), including purchasers of stock pursuant to the Company’s May 4, 2007 Stock Offering, have only until October 1, 2007 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Eastern District of New York. No class has yet been certified in this action. |
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