We are investigating claims on behalf of customers with mortgages who have been forced placed insurance. When a borrower’s homeowner’s, hazard, flood or wind insurance policy lapses, the bank holding a mortgage may “force place” insurance on the borrower. However, many banks have turned this into a profit center by placing that insurance through their own affiliates at premiums rates that are significantly higher than market rates.
Archives for March 2013
Forced-Place Insurance Investigation
March 18, 2013 By admin
Filed Under: Firm News, Investigation Summary, Investigations, Legal Developments
Antitrust College/Bank Financial Aid Partnership Investigation
March 14, 2013 By admin
We are investigating claims against colleges and banks for improper fee sharing arrangements related to students’ financial aid disbursements. In a recent report by the United States Public Interest Research Group Education Fund, it was found that over 900 colleges have partnerships with banks where the bank pays money to gain access to students’ financial data and more »
Filed Under: Investigation Summary