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A class action has been filed against Gold Banc Corporation, a Kansas bank doing business in western Oklahoma, by farmers who entered into loans with them and were charged high rates of interest on guaranteed loans by the Farm Service Agency (FSA). The class members seek compensation for interest paid, exemplary and punitive damages, and costs and attorney fees.

A class action lawsuit has been filed in the Eastern District Court of Pennsylvania against Steinberg, Fineo, Berger & Fischoff, PC 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 an injunction specifying that the defendant cease communication with her, damages, reasonable attorney’s fees and cost of the litigation.

On June 20, 2003, the court granted final approval to the parties' settlement of a class action against First Union Mortgage Company on behalf of persons who had a mortgage loan serviced by First Union as of April 1, 1998, and paid a $1 monthly fee for the receipt of a monthly mortgage statement to either First Union or Alliance Mortgage Company between April 1, 1998, and November 1, 2002. Claims must be received by July 8, 2003.

A statewide class action, with possible national reach, has been filed in Indiana against Collection Specialists, Inc., collection attorney Alan R. Miller, Saint John's Health System and its director of accounts receivable, Philip D. Hilger. The action is brought on behalf of all individuals who have been subject to alleged illegal, intimidating, misleading and deceptive collection practices on the part of the named collectors. The action is brought under the federal Fair Debt Collection Practices Act, Indiana state law on statutory deception and breach of contract and the federal Racketeer Influenced and Corrupt Organizations Act (RICO) and seeks actual, enhanced, treble and statutory damages as well as injunctive and declaratory relief.

Short-term payday loans often unfairly gouge consumers by charging excessive interest rates in the form of "fees." A class action has been filed against numerous payday loan businesses, all of which are owned by Richard D. Clay, II, on behalf of all persons who entered into short-term loan transactions with them, alleging that the businesses violated the federal Racketeer Influenced Corrupt Organizations (RICO) and Truth in Lending Acts, and Georgia's civil and criminal usury statutes, when the businesses charged the consumers excessive interest rates on the loans.

A nationwide class action has been filed against credit repair service QCS Online, Inc., which does business as Quality Credit Services, on behalf of persons who paid the company up front for credit repair services. The action alleges that the company violates the federal Credit Repair Organizations Act by accepting payment before any promised service has been fully performed, and seeks unspecified compensatory and punitive damages.

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