June 14, 2013
A California federal judge on Friday gave preliminary approval to a $1.75 million settlement between RBS Financial Products Inc. and a class of 2,500 borrowers who say the mortgage-loan documents they signed didn't disclose that their interest rates would rise sharply after the first month.
August 24, 2012
A California federal judge on Thursday agreed to certify a class of borrowers alleging that defunct wholesale mortgage lender Paul Financial LLC issued deceptive loans doomed for negative amortization that it later sold to RBS Financial Products Inc., finding common issues trumped individual ones.