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Tag Archives: Flood Insurance
Wells Fargo Hit With Flood Insurance Class Action
A federal class action lawsuit claims Wells Fargo Bank (WFC) forces borrowers to buy flood insurance on their homes in order to pocket commissions.  According to a class action lawsuit recently filed, the banking giant is accused of unfairly and unlawfully forcing Plaintiff … Continue reading
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GMAC Sued Over Requiring Excess Flood Insurance for Condos
GMAC Mortgage, LLC was hit with a proposed class action in Pennsylvania claiming it forced condominium owners to purchase excess flood insurance beyond what was required by federal law, breaching mortgage contracts and violating New Jersey consumer protection laws. Elizabeth … Continue reading
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