BNY Mellon Sued Over Foreclosure On Army Reservist's Home
Law360, New York (January 20, 2015, 6:27 PM EST) -- A U.S. Army Reserve sergeant has filed a putative class action against the Bank of New York Mellon in Pennsylvania federal court for allegedly violating a law protecting service members by foreclosing on her home while acting as a mortgage-backed securities trustee, leading to its sale while she was serving in Afghanistan.
The complaint, filed Thursday by Sgt. Amanda Wensel, alleges the bank violated the Servicemembers Civil Relief Act, which limits a lender's ability to foreclose on an active duty service member's property, for seizing her home and personal property while she was on active duty between 2011 and 2013....
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