BofA Gets Most Claims Cut From Wrongful Foreclosure Suit

Law360, New York (January 6, 2012, 9:07 PM EST) -- An Oklahoma federal judge on Friday substantially trimmed a putative class action claiming Bank of America Corp. and two subsidiaries violated consumer protection laws by threatening to foreclose on homes for unpaid mortgage payments despite evidence that the homeowners had made the payments.

U.S. District Judge David L. Russell tossed all claims against BofA and Bank of America NA, ruling the plaintiff homeowners hadn't provided any specific facts to support their allegations that the two entities had violated the Fair Debt Collection Practice and Fair Credit...
To view the full article, register now.