Borrowers Seek To OK $2.7M Deal To End Robocall Suit

By Reenat Sinay (November 27, 2019, 4:13 PM EST) -- A group of mortgage borrowers asked an Illinois federal judge to approve settlements worth a combined $2.7 million with two of three banks they say are liable for illegal robocalls made to collect mortgage payments on their behalf, in violation of the Telephone Consumer Protection Act.

In two separate bids for preliminary settlement approval Tuesday, the proposed consumer class asked the court to greenlight a $2,541,390 deal with Deutsche Bank National Trust Co. and a $185,270 agreement with Wilmington Trust NA.

The consumers expect eligible class members to receive about $25 each from the Deutsche settlement and $30 each from the...

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