Schlanger Law Group Achieves Final Approval of Settlement in Midland Funding, LLC Interest Rate Litigation
As New York’s highest court, the Court of Appeals noted in Schneider v. Phelps, 41 N.Y.2d 238, 243 (1977), “The purpose of usury laws, from time immemorial, has been to protect desperately poor people from the consequences of their own desperation. Law-making authorities in almost all civilizations have recognized that the crush of financial burdens […]
Judge Rules That Class Action Against Wells Fargo For Deceptive Loan Practices Can Move Forward
In 2018, our client entered into a variable rate mortgage agreement with the Wells Fargo Bank, N.A. in order to purchase a residential home. A key selling point was the loan’s supposedly lower, introductory or “buy down” rate for the first year, which was supposed to be followed by a slightly higher rate for the […]