Considering a Reverse Mortgage? Learn the risks.

three bags of money balanced against a house

Perhaps you’ve seen Tom Selleck on a daytime TV ad addressing seniors directly, or maybe you’ve only heard the term involved in lawsuits. But what is a reverse mortgage really? A brief summary of the reverse mortgage. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is only available to homeowners 62 […]

Bank of America agrees to settle class action over excessive fees

Hands of cafe visitor holding credit card and putting it to the card payment machine

Bank of America Corp has agreed to a $75 million preliminary settlement for charging multiple overdraft fees on transactions for checking and savings accounts. What is an overdraft fee? When a customer attempts a purchase with insufficient funds, many banks charge users an overdraft fee for the failed transaction. The practice is highly profitable for […]

Laws Protecting Consumers from Scams

The laws protecting consumers have never been more important than in this past year. Many people are facing financial turmoil and are behind on numerous payments. That means the door for debt collectors to prey on consumers. Creditors and debt collectors are stepping up their efforts to collect on what they say is owed. Unfortunately, […]

Banks Providing Misleading Information

Consumers and businesses rely on banks more than ever, with many people having not just one, but several bank accounts. When we trust a financial institution with our money, we trust that they will act in our best interests and within the confines of the law.  When banks break our trust, state and federal laws […]

Data Breach Class Action Settlements

Data breaches have become increasingly common over the past several years. With data breaches becoming more common, data breach class action settlements have also become even more common. Major Data Breach Class Action Settlements Last year, Yahoo! reached $117.5M settlement to resolve the claims of approximately 194 million class members following a major data breach […]

Data Breach Attorneys

Data breaches have become increasingly common over the past several years. In addition to consumers, these breaches can put a considerable burden on banks and credit card companies, which must respond to a flood of fraud claims and canceled cards. However, many data breach victims receive compensation for damages through multimillion-dollar settlements.  Major Data Breach […]

Class Action Settlement Process

three outlines of people with a bracket below pointing upwared

A class action settlement impacts not only the interests of the parties that negotiate the settlement, but also a much larger number of absent class members. It is very important that the named parties take the steps to make sure the court approves a fair settlement. Class Action Settlement Step One: With class actions settlements, […]

Consumer Class Action Attorneys

picture of text reading "class action" followed by details of a made up suit for the purpose of having a stock photo

Large corporations cut corners wherever they can and its generally consumers that pay the price. Oftentimes, the unlawful conduct results in small damages to individual consumers. For example, mortgage servicers may charge a small amount of money to consumers to make mortgage payments over the phone. Collecting that kind of fee is illegal, but not […]