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Home » Store » Taxable » U.S. Bank Could Pay $20 Mil. in HOEPA Loan Settlement

U.S. Bank Could Pay $20 Mil. in HOEPA Loan Settlement

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The ghosts of lenders past continue to haunt the subprime mortgage market, where some loan buyers have found themselves liable for dealings with defunct originators. A case in point is U.S. Bank, N.A., which recently announced that it would pay up to $20 million to put to a class action lawsuit that charged the bank with facilitating predatory lending by purchasing loans with abusive features
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