Current Developments in Lender Liability Law – Consumer Context Part II

Lender Liability in the Consumer Context
Banks are under fire today from our elected representatives, stock market analysts, and regulators. Now the banks find their own customers are suing them as they try desperately to escape paying their debts. Their claims against banks can be asserted affirmatively or they can pop up as defenses to a bank’s collection efforts.

“Lender liability” claims can take many forms. Today we are seeing a dramatic rise in such claims in both the commercial and consumer contexts. Foley hosted the second of our three-part Web conference series on lender liability. The first two parts focused on consumer claims and defenses. The third part of our series will focus on the commercial context.

In our second session, Foley Partners Michael D. Leffel and Andrew J. Wronski and Senior Counsel Christi R. Adams covered the Racketeer Influenced and Corrupt Organizations Act (RICO), the Real Estate Settlement Procedures Act (RESPA) and the Fair Credit Reporting Act (FCRA). Topics included:

• Consumer theories under RICO, RESPA, and FCRA
  
• Your best defenses
  
• Your questions

For more information, please contact Kristen Martin at [email protected] or 312.832.4725.

Michael D. Leffel is the attorney responsible for the content of this program.