Mealey's Banking & Finance - 2nd Circuit Reverses Ruling Dismissing TILA, Fraud Claims Against Lenders

Mealey's Banking & Finance - 2nd Circuit Reverses Ruling Dismissing TILA, Fraud Claims Against Lenders

NEW YORK - The Second Circuit U.S. Court of Appeals on July 11 partially reversed a trial court's decision to grant summary judgment in favor of credit management and lending corporations, finding that issues of fact exist as to a property owner's fraud claims and claims under the Truth In Lending Act (TILA) (Linda D. Crawford v. Franklin Credit Management Corp., et al., No. 13-2514, 2nd Cir.; 2014 U.S. App. LEXIS 13179).

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