Debt Collector Named In Borrower Class Action Over Late Payment Fee Charges

(May 20, 2021, 4:18 PM EDT) -- CLEVELAND — A debt collector’s charging of late payment fees to borrowers whose mortgage loans have been accelerated for lack of payment violates state and federal law because the borrowers were no longer required to make their monthly payments after acceleration occurred, a borrower argues in a consumer class action lawsuit filed May 19 in Ohio federal court....

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