Lawsuit says banks improperly failed to inform consumers about extra interest

Lawsuit says banks improperly failed to inform consumers about extra interestFor years it was widely considered a massive, government-sanctioned rip-off of home-mortgage borrowers. Then it was banned by the Consumer Financial Protection Bureau. And now it’s the subject of class-action suits that accuse four large banks of illegally collecting millions of dollars in excess mortgage-interest payments from their customers.

Embedly Powered