Lawsuit Says Banks Improperly Failed to Inform Consumers About Extra Interest
Washington Post, Apr. 13, 2016–Harney, Kenneth
For 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.
