Quicken Loans Hit With Class Suit Over Credit Bias Law

Law360, New York (October 7, 2010, 3:29 PM EDT) -- A Virginia resident has launched a proposed class action against Quicken Loans Inc., accusing the online home lender of failing to explain why it rejected certain loan applications — a violation that can carry a $10,000 penalty per applicant.

Named plaintiff William Johnson alleges Quicken Loans systematically violated the federal Equal Credit Opportunity Act and the state equivalent in a complaint filed Wednesday in the U.S. District Court for the Eastern District of Virginia by Leonard A. Bennett of Consumer Litigation Associates PC.

Johnson claims that,...
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