Fleet Financial Group Inc. is expected to reach a settlement today of a class action that industry observers say could echo loudly through the home lending industry.

At issue is how wholesale lenders pay brokers for loans made at above the market rate, and the settlement could set a precedent for more suits across the country.

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.