Law360, New York (February 22, 2016, 2:27 PM EST) -- The Ninth Circuit refused Friday to rehear a putative class action alleging Wells Fargo and U.S. Bank failed to make mortgage disclosures required by a 2009 Truth in Lending Act amendment that the court found did not apply retroactively.The three-judge panel spent few words denying plaintiffs Mohammad and Rosa Talaie’s request for panel or en banc rehearing, which had followed the circuit’s December affirmation of their case’s dismissal. The Talaies had alleged that Wells Fargo Bank NA and U.S. Bank NA violated Section 1641(g) of TILA by not notifying them that their mortgage had been transferred from Wells Fargo to... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
The Ninth Circuit has said it will not rehear a putative class action brought against Wells Fargo and US Bank by Mohammad and Ali Talaie , who accuse the banks of failing to make mortgage disclosures required by a 2009 Truth in Banking Act amendment .