Financial Institutions
Posted in Financial Institutions,Lender Fraud on September 12, 2011
“Defendant intentionally omitted a clear disclosure of the nature of plaintiffs’ loans because giving a clear explanation of how the loan worked would have punctured the illusion of a low payment, low interest rate loan.”
Posted in Financial Institutions,Lender Fraud on December 6, 2010
“A lender is under no duty “to determine the borrower’s ability to repay the loan…. ”
Posted in Financial Institutions on June 2, 2010
” [I]f the Bank failed to exercise ordinary care, and if that failure contributed to the loss, the loss must be allocated between the Bank and [the customer].”
