WASHINGTON House Votes to Halt Suits on Loan Errors

The House of Representatives voted to place a moratorium on class actions seeking large penalties against lenders for technical violations of the Truth-in-Lending law. Such suits have proliferated in the wake of last year's Rodash court ruling, which held that homeowners may cancel their mortgages and get back the interest and fees they have paid if even minor errors are found in loan documents.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.