Federal consumer protection
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Federal consumer protection law
...... 5) The public (& the whole economy): where the unfair practices become so systemic that the value of all real estate is impacted, all homeowners and the economy at large become collateral damage. In this instance the nations unemployment rate rose sharply after these losses, and the stock market lost 50% in one year, as the scale of the harm rippled through the economy
Now, homeowners and government officials are increasingly taking these institutions to court, either individually or as part of class action lawsuits alleging unfair and predatory practices. While many of these actions are still winding their way through the legal system, some banks have already settled for millions of dollars......
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