Bank of America has been hit with a proposed class action lawsuit accusing it of charging improper fees to homeowners facing foreclosures, making it more difficult for them to keep their homes. Filed on Wednesday in Miami federal court, the lawsuit said the bank demands that consumers who defaulted on their mortgages pay unexplained estimated legal fees, even though mortgage contracts only allow lenders to charge fees actually incurred. To read the full story on Westlaw Practitioner Insights, click here: bit.ly/1NapIIq
Bank of America is to face a class action lawsuit in Miami accusing it of charging improper fees to homeowners who are facing bankruptcy , thereby making it more difficult for them to keep their homes . The filing says the bank demanded customers who defaulted on their loans to pay unexplained estimated legal fees , despite issuing contracts only requiring banks to charge fees actually incurred .