Two federal courts are weighing thorny class action lawsuits that, if the industry loses, could potentially make it harder to pitch loan offers to potential borrowers. At issue are lawsuits filed against People’s Choice Home Loans in California and Illinois, in which plaintiffs attorneys accuse the lender of violating the Fair Credit Reporting Act by improperly using pre-screened credit reports to solicit new business through direct mail advertising. The two cases highlight one of a number of issues related to the Fair Credit...