Legal News Articles - Financial
November 10, 2017. By Gordon Gibb.
Los Angeles, CA: Yet another major bank has bowed to litigants enraged over excessive bank overdraft fees, following the announcement of a settlement worth $66.6 million. The bank overdraft fees settlement, designed to end a lawsuit against Bank of America, still requires court approval.Read [ Bank of America to Settle Excessive Fees Class Action for $66.6 Million ]
October 30, 2017. By Gordon Gibb.
Boston, MA: Regardless of the machinations undertaken by the Trump Administration to replace the so-called ‘Obama Care’ with something that may, or may not be superior the fact remains that health care costs continue to balloon, with hospital billings and emergency room charges chronically higher than rates set by Medicare. With such hospital overcharging going on, it’s little wonder patients seek justice with an ER bill lawsuit, or similar.Read [ ER Bills and Hospital Overcharging: It’s Not Getting Any Better ]
October 30, 2017. By Anne Wallace.
Washington, DC: On October 24,2017, the Senate voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that limited banks’ ability to enforce mandatory arbitration clauses in consumer contracts. While this change is unlikely to alter the course of existing excessive overdraft fee lawsuits, it will make it much harder for consumers to join class actions against giant financial institutions like Wells Fargo, Capital One or Fifth Third in the future.Read [ It Just Got Harder to Sue Your Bank for Excessive Overdraft Fees ]
October 27, 2017. By Brenda Craig.
Atlanta, GA: Lead plaintiffs in a class action lawsuit filed in US District Court in Atlanta claim it was the Equifax breach between May and July 2017 that led to real life problems after their personal and private information was snatched from the credit reporting agency’s data bank and then allegedly used by criminals for illegal purposes.Read [ Equifax Breach Led to Real Life Problems says Class Action ]
October 16, 2017. By Gordon Gibb.
Atlanta, GA: The defendant in an excessive bank overdraft fees lawsuit petitioned an appeals court back in August to compel more than a million Wells Fargo account holders allegedly hit with excessive bank fees to individually pursue a remedy through arbitration, rather than through the courts.Read [ Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit ]
October 15, 2017. By Anne Wallace.
Los Angeles, CA: Allegations of wrongly denied insurance claims hardly count as news, when it comes to the Standard Insurance Company. Even when disability claims are not denied outright, processing time may drag on, investigations may be delayed, requests for additional information may pile up, and claimants may even be advised not to consult a lawyer. It’s maddening, it’s frustrating, and it does harm.Read [ California ‘Bad Faith’ Claim in Disability Denial Lawsuit ]
October 13, 2017. By Gordon Gibb.
Allentown, PA: Unum Group is not isolated from incurring the wrath of policyholders having been denied what are thought to be legitimate claims. The insurance industry as a whole tends to view claims as nuisance, or false claims unless proven otherwise and either deny claims outright or simply stop benefits, allegedly without cause. Lawsuits alleging bad faith insurance have followed, including those launched against Unum after claimants have filed an Unum lawsuit alleging unfair treatment.Read [ Unum Group Appears as Innocent Bystander in Insurance Denial Lawsuit ]
September 25, 2017. By Jane Mundy.
San Jose, CA: In the wake of an Equifax data breach that occurred in July but reported this September, attorneys at Oakland, California- based Scott Cole & Associates have filed a lawsuit seeking class action status against the credit reporting agency. This digital disaster could potentially affect up to 175 million Americans, and millions of people worldwide, including the U.K. and Canada.Read [ Attorney Files Equifax Class Action Lawsuit ]
September 8, 2017. By Anne Wallace.
Atlanta, GA: Only a nut would sue for $35. Banks count on that when they boost overdraft fees through a technique known as “debit resequencing.” The 2010 changes in banking law that were part of Dodd-Frank have failed to kill the practice. It persists even after a $35 million class-action settlement over Union bank excessive overdraft fees in 2011. One of the banks’ newer schemes to keep this revenue source producing has been to force consumers out of class-action lawsuits and into costly individual arbitration. Only a nut would arbitrate over $35.Read [ Banks Fight Excessive Overdraft Suits with Bid for Arbitration ]
September 7, 2017. By Gordon Gibb.
Camden, NJ: A former employee of Cooper Health System in New Jersey has filed a whistleblower healthcare fraud lawsuit after the paramedic claims he was fired for raising concerns about poor treatment of patients, potential billing fraud and other allegations related to regulatory violations.Read [ Whistleblower Alleges Healthcare Fraud in Lawsuit ]