RHI Class Action Lawsuit
There are some things you should know about the New York City RHI Class Action Law Suit. This is one case that will be making a strong statement and getting the attention of the public and the media. This New York City RHI class action lawsuit is the result of Fannie Mae, New York City Transit, and New York City Life Insurance Corporation defrauding thousands of homeowners in New York City and the surrounding suburbs of New York State. This class action suit was filed on behalf of all the victims of these frauds.
The Mortgage Refinancing Relief Act was introduced by President Obama during his first term in office. This act was meant to protect the American taxpayers from being ripped off by predatory lending practices and other mortgage frauds. This class action lawsuit is about to change the face of predatory lending practices forever.
The New York City RHI class action lawsuit is brought forth against Fannie Mae, New York City Transit, and New York City Life Insurance Corporation. The RHI, or Refinance Home Improvement Loan, is probably the most lucrative loan scheme to exploit for illegal activities.
The New York City RHI class action suit was filed by a number of New York City Transit passengers who suffered injuries and even death as a result of this fraudulent loan scheme. The New York City RHI class action lawsuit seeks compensation for the victims’ injuries. This is not only compensation for the loss of income suffered due to the injuries, but also for the pain and suffering.
The financial losses to victims of this scheme cannot be estimated. They are based solely on what the fraudulent companies actually promised them and did not deliver. These companies made promises about getting rid of any negative effects that resulted from the loan, and they failed to deliver on their promises.
This class action New York City RHI class action lawsuit has been launched by the Federal Trade Commission (FTC). This FTC has brought up charges against both the New York City Transit Corporation and Fannie Mae for their role in this predatory lending scheme. This New York City RHI class action lawsuit is about to open the eyes of the public to the fraudulent and illegal practices of predatory lending institutions.
The New York City Transit Corporation, through its subsidiary company Metrolink, is accused of engaging in illegal activities through its contract with the New York City Transit Authority, specifically, the New York Transit Mall, which is located at Times Square. and the New York City Transit Mall at Times SOHO, both in the vicinity of Times Square. Both these malls have multiple store and retail outlets, which accept Metrolink tickets and other credit cards for purchases.
The New York City Transit Corporation also engages in other unlawful activities like imposing steep fare hikes and other price increases, and charging exorbitant fares on fares bought by its riders. The New York City Transit also engages in other activities that constitute a complete rip off, such as imposing exorbitant rate increases on monthly passes for senior citizens. They also impose a surcharge on monthly passes for persons who have accumulated several consecutive years of unused passes, which the riders do not use. These illegal practices by the New York City Transit violate the rights of the customers to fair and equal treatment under the Federal Transit System (FTA) and state laws.
Fannie Mae is accused of charging its borrowers with an exorbitant rate for its products, which is significantly higher than the rates charged by other banks. Fannie Mae is also accused of charging exorbitant rates on loan repayments, and of imposing exorbitant fees on its clients. Fannie Mae has also failed to provide adequate information to its borrowers about the costs involved in their loan and the terms and conditions of Fannie Mae loans and its other products.
Fannie Mae’s deceptive actions towards its customers has caused severe financial and emotional damages for the customers. These damages have resulted in the filing of the New York City RHI class action lawsuit by the FTC. The New York City RHI class action lawsuit will be able to provide victims with adequate relief from the harmful and devastating effects of predatory lending, and will enable them to get justice for their wrongs against these financial institutions.
This class action lawsuit filed against Fannie Mae has been brought by the FTC as part of a joint investigation with the Federal Deposit Insurance Corporation (FDIC). In order to protect consumers, the FDIC and the New York City Transit Corporation must bring this case to court.