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» Purchaser of Allegedly Predatory Loans Settles Assignee Liability Class Action for $20 Million
Purchaser of Allegedly Predatory Loans Settles Assignee Liability Class Action for $20 Million
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U.S. Bank National Association has agreed to pay up to $20 million to settle charges that it facilitated predatory lending practices by purchasing mortgage loans with abusive features from an originating lender that went bankrupt three years ago.