Tag: lawsuit
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Senate makes it Harder to Sue Financial Institutions
The Senate has rejected a Consumer Financial Protection Bureau (CFPB) bill that would have made it easier for consumers to sue financial institutions in court. Historically, banks and credit card companies have included arbitration clauses in their financial contracts, preventing people from grouping their resources in class-action lawsuits; the Senate’s ruling enables the continuation of…
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Court Case: Justice for the Consumer or a Loss for Real Estate Agents?
Earlier this week, the Supreme Judicial Court of Massachusetts ruled that real estate agents may be classified as independent contractors by their brokerages as opposed to employees, satisfying brokerages statewide to the dismay of agents.
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$140 Million Settlement Has Ocwen & Assurant Pay Up
Riddled with countless financial setbacks, Ocwen was dealt another heavy blow with a $140 million class action settlement that must be paid by both Ocwen and Assurant Inc. to homeowners who were given inflated premiums for force-placed insurance.