Public Citizen Supports Borrowers’ Rehearing Request In Escrow Interest Suit

Mealey's (November 17, 2020, 9:24 AM EST) -- SAN FRANCISCO — Consumer advocacy group Public Citizen filed an amicus curiae brief in the Ninth Circuit U.S. Court of Appeals on Nov. 13 in support of a request from borrowers seeking an en banc rehearing of their suit claiming that JP Morgan Chase Bank NA violated state law by failing to pay them interest on their mortgage’s escrow accounts, arguing that a panel majority applied the principles of field preemption (Susan McShannock v. JP Morgan Chase Bank NA, No. 19-15899, 9th Cir.)....