A North Carolina federal court has allowed a putative class case to proceed on a theory that a residential mortgage servicer’s notice that it “may” accelerate is deceptive under the FDCPA and state law. On September, 16,...more
10/3/2025
/ Class Action ,
Consumer Protection Laws ,
Debt Collection ,
FDCPA ,
Federal Court Litigation ,
Foreclosure ,
Misleading Statements ,
Mortgage Servicers ,
Mortgages ,
Motion to Dismiss ,
North Carolina ,
Putative Class Actions ,
Regulation X ,
Unfair or Deceptive Trade Practices
With new relief provisions put in place by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for homeowners and tenants facing payment defaults in coming months, mortgage servicers may feel the impact of...more
On March 19, 2020, New York Governor Andrew Cuomo announced a new directive to mortgage servicers to provide 90-day mortgage relief to New York borrowers impacted by the COVID-19 disease pandemic. That same day, the New York...more