chevy chase bank

Door Could Open To Class Actions

A federal appeals court is nearing a decision on a battle between Chevy Chase Bank and a Wisconsin couple that could for the first time enable homeowners across the country to band together in class-action lawsuits against mortgage firms and get their loans canceled.

Mortgage meltdown: Here come the judgments (CNNMoney.com via Yahoo! Finance)

Earlier this year, a Wisconsin couple won a judgment against Chevy Chase Bank that said the bank deceived them over the terms of their mortgage.

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