Posts Tagged ‘ Wells Fargo ’

Week Adjourned: 9.4.09

September 4th, 2009. By LucyC

homeequity Week Adjourned: 9.4.09 It was a big class action week on the home front…

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Sun Trust HELOC: Now you see it, now you don’t? A potential class action suit was filed this week against Sun Trust Bank over allegations that the financial company decreased, froze or terminated thousands of Home Equity Lines of Credit (HELOC) in ways that may have violated its contractual obligations to its clients.

In a nutshell, HELOC loans provides credit up to a stated maximum amount within a certain term, the loan collateral being the borrower’s equity in his or her home.

One 82-year old lady had secured a HELOC of $500,000 against her home, only to have it Read the rest of this entry »

Tags: SunTrust, Week Adjourned, Wells Fargo
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Week Adjourned: 8.21.09

August 22nd, 2009. By LucyC

So much for the dog days of summer…it was a busy week.

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[Pay]check is not in the mail? It seems every week a major brand is in the news for some alleged type of labor or wages violation. This week it’s UPS. The global courier company is facing a potential class action lawsuit over all ups legal env Week Adjourned: 8.21.09 egations that it withheld as much as $100 million in overtime wages from its account managers.

The suit alleges that UPS is in violation of the Federal Fair Labor Standards Act and California’s wage and hour laws. The suit also alleges that UPS does not provide employees with mandatory meal periods and rest breaks and fails to keep adequate records of the hours the employees work. Who said management had it good? I would think that unpaid management overtime is a silent epidemic.

Vanishing home equity? Have you checked your home equity line of credit lately? Maybe you should. Michael Hickman of Illinois did, and got quite a nasty shock. Hickman alleges that he had Read the rest of this entry »

Tags: Cintas, UPS, Week Adjourned, Wells Fargo
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