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Tag: class action lawsuit


Activity, Corporate Banking, Regulations

Bank of America misled PPP borrowers, lawsuit alleges

March 7, 2023

Via: Banking Dive

A class-action lawsuit filed against Bank of America last month claims the bank misrepresented the amount of pandemic aid small business owners were eligible for, leaving firms saddled with unforgivable debt. Three California-based small businesses — Happy Puppy LA, Brandamize […]


Regulations

Wells Fargo escapes $300M fair-housing suit, but win is lost amid CFPB payout

December 21, 2022

Via: Banking Dive

It may be coincidence, or perhaps mortgage cases habitually get the short end of the news-coverage stick. Wells Fargo’s September agreement to pay $94 million to settle a class-action lawsuit — alleging the bank automatically placed mortgage borrowers into forbearance […]


Activity, Insurance

Class Action Targets Commonwealth Bank of Australia Over Insurance Advising

August 21, 2020

Via: Insurance Journal

Commonwealth Bank of Australia (CBA) said on Friday a class action lawsuit was filed over advice given on life insurance policies issued and recommended by three former subsidiaries. The lawsuit was filed by Shine Lawyers against financial advisors Commonwealth Financial […]