Federal Judge Allows Loan Suit Against ING To Proceed

Federal Judge Allows Loan Suit Against ING To Proceed

WILMINGTON, Del. - A federal judge in Delaware on Sept. 19 granted in part and dismissed in part ING Banks fsb's motion to dismiss a putative class action alleging that it failed to honor a rate renew guarantee on its Orange Loans, finding, in part, that a borrower sufficiently pleaded that ING's marketing materials gave rise to the guarantee (Jeffery Gerbitz v. ING Bank fsb d/b/a ING Direct, No. 12-1670, D. Del.; 2013 U.S. Dist. LEXIS 134025).

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