Mealey's Antitrust/Unfair Competition - Appeals Panel Reverses, Says UCL Claims Against Lender Can Proceed

SAN FRANCISCO - A homeowner has standing to pursue California unfair competition law (UCL) claims alleging that a lender made misrepresentations about a loan modification under the federal Home Affordable Mortgage Program (HAMP) because he properly asserted that he was injured by the lender's actions, a state appellate court held June 12 in reversing a trial court's ruling (Daniel Pestana v. Bank of America, N.A., No. A137566, Calif. App., 1st Dist., Div. 1).

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