Mortgage Loan Servicer’s Stay Request Denied In Suit Challenging Convenience Fees

Mealey's (July 19, 2021, 11:26 AM EDT) -- SAN FRANCISCO — A federal judge in California on July 14 denied a mortgage loan servicer’s motion to stay a borrower’s unfair debt collection lawsuit challenging the loan servicer’s charging of “pay-to-pay” convenience fees for processing the borrower’s loan payments online pending a ruling in a related Ninth Circuit U.S. Court of Appeals action, ruling that the loan servicer failed to show that a stay “would serve the interest of judicial economy.”...