Case Study: Bonte V. US Bank

Law360 (November 4, 2010, 2:11 PM EDT) -- On Oct. 19, 2010, the Seventh Circuit Court of Appeals affirmed the dismissal of a rescission claim under the Truth in Lending Act because the plaintiffs had not alleged facts showing the allegedly inaccurate disclosures were "material" under TILA. See Bonte, et al. v. U.S. Bank NA, No. 09-2455 (7th Cir. Oct. 19, 2010)....

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