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Federal Judge Finds TILA Claims Against Banks Are Judicially Estopped

(August 3, 2016, 2:39 PM EDT) -- SAN JOSE, Calif. — A California federal judge on July 29 found that borrowers were judicially estopped from asserting claims for rescission under the Truth in Lending Act (TILA), quiet title and declaratory judgment, finding that two lenders were entitled to judgment on the pleadings (Leonard K. Tyson, et al. v. Bank of America N.A., et al., No. 15-cv-01548-BLF, N.D. Calif.; 2016 U.S. Dist. LEXIS 99774).

(Opinion available. Document #85-160809-031Z.)

Leonard and Mary Ann Tyson Bank of America N.A. (BANA) and the Bank of New York...
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