Claims Against Financial Services Company Dismissed In Loan Modification Dispute

Mealey's (July 15, 2019, 2:52 PM EDT) -- SAN FRANCISCO — A federal judge in California on July 10 dismissed all claims, including claims for violations of California's Homeowners Bill of Rights (HBOR) and unfair competition law (UCL) against a financial services company in a class action brought by borrowers alleging that the company’s primary operating subsidiary failed to provide them with loan modifications, finding that the company is not indirectly liable for its subsidiary’s actions (Alicia Hernandez, et al. v. Wells Fargo & Company, et al., No. 18-07354, N.D. Calif., 2019 U.S. Dist. LEXIS 114817)....