Wells Fargo Must Face Default Notice Suit, 9th Circ. Says

Law360, Los Angeles (July 03, 2013, 6:31 PM ET) -- The Ninth Circuit determined Wednesday that a lower court wrongly dismissed a lawsuit alleging Wells Fargo Bank NA violated the Equal Credit Opportunity Act by not giving sufficient notice for the reasons behind an alleged acceleration of the appellants' debt.

A three-judge panel found that plaintiffs John and Carol Schlegel adequately proved that Wells Fargo violated the notice requirement by not responding to their repeated requests for information as to whether default notices they received following a loan modification on their mortgage were the result of...
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