Laws

If you have been asked to purchase flood insurance by Flagstar Bank, the bank has violated your rights as a customer. It sent a demand letter and several additional letters requiring proof of flood insurance. When you failed to provide proof of flood insurance, the bank purchased flood insurance for you and deducted the costs …

In a recent class action lawsuit, Citibank agreed to pay $110 million to settle a massive flood insurance premium. Gordon Casey sued over a 400% increase in flood insurance premiums that skyrocketed from $325 per year to $1,478 in a decade. Casey sued on behalf of all homeowners. He says that the bank acted in …

The New York Department of Financial Services is investigating the force-placed insurance practices of several banks. A Citibank borrower testified in court that he was forced to purchase flood insurance at the lender’s request. The lawsuit focuses on the practices of the company’s mortgage bankers, and a recent settlement could result in millions of dollars …

A GM transmission lawsuit alleges that GM knew or should have known about a defect in their transmissions during their sale, but did not disclose it to consumers. According to a GM transmission lawsuit, this defect affected about 5.5 million vehicles sold in the United States. In addition to these defective vehicles, these lawsuits allege …

After a global microchip shortage forced GM to remove wireless smartphone charging from its newest SUVs, the company has decided to stop offering it to consumers altogether. This follows the company’s recent removal of HD radio, auto start-stop, and fuel management modules from some pickup trucks and SUVs. What’s the current state of GM’s wireless …

The NFIA preempts all state causes of action, so the allegations in the Plaintiffs’ lawsuit do not involve the NFIA. Furthermore, the Plaintiffs’ claims relate only tangentially to the lender’s obligations under the NFIA, such as notifying borrowers that their property is in a flood zone. Moreover, the NFIA requires lenders to notify borrowers when …

The New York State Department of Financial Services has subpoenaed 31 banks and financial institutions to investigate the overlap between banking and insurance. This investigation may result in more force-placed insurance lawsuits against banks and insurance companies. In the meantime, consumers should learn more about what to do in the case of flood insurance fraud. …

The CPSC began an investigation into injuries caused by fire pots in the spring of 2011. While Bird Brain’s CEO claimed that the company conducted extensive tests, this isn’t true. Rather, the company failed to conduct Failure Modes and Effects Analysis (FMEA), a standard component of a product’s safety analysis. This process evaluates all possible …

A New York State Department of Financial Services Cybersecurity Regulation issued in March 2017 is the impetus for the First American Financial Data Breach Lawsuit. The financial company still faces civil charges for its lack of security measures and “strongly disagrees with these allegations.” While the amount of the settlement seems low given the scope …

If you or a loved one has recently been displaced by flooding, you may be eligible to file a Fremont Investment and Loan Forced Flood Coverage lawsuit. If so, you may be able to recover compensation for paying exorbitant flood insurance premiums. The banks may have received kickbacks for forcing borrowers to purchase flood insurance, …