On September 24, 2008, the Seventh Circuit joined the growing chorus of Circuit Courts that have held that a class action cannot be certified for rescission claims under the Truth in Lending Act (?TILA?), 15 U.S.C. § 1635. Andrews v. Chevy Chase Bank, No. 07-1326. The
Andrews court held that such claims are incompatible with class action treatment.
For more information, please read full legal update.
Please see full publication below for more information.