2nd Circuit Finds Rescission Period Under TILA Had Expired, Affirms Dismissal

(December 20, 2016, 11:37 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Dec. 16 affirmed a decision granting dismissal for a bank of a borrower's claims for rescission under the Truth in Lending Act (TILA), finding that the rescission period had expired (Allyson Smith v. Wells Fargo Bank, N.A., No. 16-611, 2nd Cir.; 2016 U.S. App. LEXIS 22342)....

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