Class Actions Blog

Cordray says opponents of CFPB rule on banning forced arbitration are making false statements, including OCC head Noreika

Posted on: October 23rd, 2017 by Steve Larson

In an opinion article in The Hill, CFPB Chairman Richard Cordray explains why the statements being made by OCC head Noreika are false.  Here is the link.

Bridgestone agrees to pay $29 million to settle price fixing claims

Posted on: October 17th, 2017 by Steve Larson

Bridgestone has agreed to pay $29.6 million to settle price-fixing allegations in multidistrict litigation in Michigan federal court contending that the company colluded with other companies to rig the market for certain rubber vehicle components. This is the latest settlement between a proposed class of end-payor plaintiffs who had bought vehicles with the anti-vibration rubber parts at issue or purchased them as replacement pieces. In addition to the $29.6 million payout, Bridgestone says it will provide extensive discovery efforts to help end-payor plaintiffs thoroughly prosecute companies that the plaintiffs do not reach a settlement with or companies whose settlements are not approved.

Read more…

Wells Fargo customers file another class action alleging they were overcharged for rate-lock extensions

Posted on: October 12th, 2017 by Steve Larson

Wells Fargo has been sued again, this time the complaint alleges that it bilked home loan borrowers by charging them extra fees when their applications were delayed — even when it was the bank’s fault. The new suit is the latest development in a growing controversy over the practices of the bank’s home loan unit and one of several new problems that have emerged at Wells Fargo over the last year in the wake of the bank’s sham-accounts scandal. An investigation has led to the departure of leading sales executives in California and Oregon.

For a link to an article discussing the Wells Fargo problems in more detail, click here.

New poll finds a large majority of Americans back new regulations and class actions after Equifax data breach

Posted on: October 11th, 2017 by Steve Larson

A poll conducted by Morning Consult found that after the Equifax Data Breach, 68% of Americans would join a class action against Equifax. Here is a link to the article.

National Consumer Law Center issues brief explanation why Congress should not bar CFPB forced arbitration ban

Posted on: October 4th, 2017 by Steve Larson

The National Consumer Law Center issued a brief explanation as to why Congress should not bar CFPB forced arbitration ban. Here is a link to the brief.

Los Angeles Times says that GOP efforts to undermine Consumer Financial Protection Bureau are absurd

Posted on: October 3rd, 2017 by Steve Larson

Here is the quote from the end of an article about the Wells Fargo and Equifax scandals.

“Just as Wells Fargo’s assorted scandals highlight the absurdity of Republican efforts to do away with the Consumer Financial Protection Bureau, the Equifax breach shows the foolishness of deregulating credit agencies.”

Here is the link to the article.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

About the author

  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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