Predatory lending class action settlements cannot provide unfair terms to the bulk of borrowers
Published: July 15, 2005United States Court of Appeals, Second Circuit , No. 05-0607-cv
Issue: Mortgage Lending
Amicus Brief, filed 15 Jul 2005
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CRL's amicus brief in support of intervenors/class members in Stackhouse v. McNight. CRL argues the approved settlement to this class action provides inadequate relief and protections to the bulk of the class members whose predatory lending claims are included before the U.S. Court of Appeals for the 2d Circuit. The Court of Appeals reversed the District Court's approval of the settlement in an unpublished February 2006 decision appearing at 168 F. App'x 464.