LexisNexis® Legal Newsroom
Citibank Settles Home Equity Credit Lines Class Action

SAN FRANCISCO - (Mealey's) Citibank NA on Aug. 31 settled a class action suit alleging that it wrongfully suspended or decreased the value of home equity lines of credit (HELOC), according to a document filed by the plaintiffs in a California federal court ( In re: Citibank HELOC Reduction Litigation...

Capital One To Pay $10 Million To Settle APR Class Action

LOS ANGELES - (Mealey's) Capital One Bank NA USA has agreed to pay $10 million to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them, according to a document the lead plaintiff in a class action filed in a...

Jury Enters $168.8 Million Verdict Against Former IndyMac Executives

LOS ANGELES - (Mealey's) A jury in a California federal court on Dec. 7 entered a $168.8 million verdict against three former officers of the failed IndyMac Bank F.S.B., finding that the individuals had been negligent and breached their fiduciary duties with respect to 23 loans at issue in the suit...