In a substantial action forward for consumer protection, the Northern District of California verified that promises that Financial institution of America’s (“BofA”) misled its buyers with untrue claims to present overdraft payment relief during the COVID-19 pandemic could commence.
The litigation centers on allegations that BofA greatly advertised a COVID-19 lender fee relief method to garner publicity and goodwill but, in its place of honoring its claims, the Lender abruptly and quietly finished any aid just a few months into the raging pandemic. As an alternative of saying the shutdown, BofA held promoting the program when none existed. Plaintiffs and other Americans across the region, who have been struggling substantial economical hardship as a end result of the pandemic, dependable the bank’s internet marketing, and incurred considerable expenses that the bank refused to waive.
Plaintiffs Anthony Ramirez, Mynor Villatoro Aldana, and Janet Hobson have lodged promises on behalf of a putative nationwide class and state subclasses. The Court’s denial of BofA’s motion to dismiss supports plaintiffs’ allegations that the bank’s continued advertisement of the defunct aid software was deceptive and illegal, depriving people throughout the country of hundreds of thousands of dollars in promised price refunds.
This final decision bolsters customer security legal rights and reinforces the judiciary’s part in guaranteeing that significant banks like BofA make good on their claims to financially battling clients.
The case is Ramirez, et al. v. Financial institution of The united states, N.A., Circumstance No.: 4:22-cv-00859-YGR in the United States District Court for the Northern District of California.
A duplicate of the get is offered here.
© 2024 by Tycko & Zavareei LLP
by: Hassan A. Zavareei of Tycko & Zavareei LLP
For far more information on BofA COVID-19 bank price aid plan litigation, check out the NLR Litigation / Trial Follow segment.
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