Judge Holds UCL, Contract Claims Are Preempted By HOLA

Mealey's (June 13, 2019, 2:08 PM EDT) -- SAN FRANCISCO — After holding that borrowers’ claims for violation of California’s unfair competition law (UCL) and breach of contract were preempted by the Home Owners' Loan Act (HOLA), a California federal judge on June 11 granted a bank’s converted summary judgment motion and dismissed the claims (Lowell and Gina Smith, et al. v. Flagstar Bank, FSB, No. 18-05131, N.D. Calif., 2019 U.S. Dist. LEXIS 98196)....