High Court Grants Review In Predatory Lending Suit, Vacates Panel Opinion

Mealey's (January 10, 2022, 11:43 AM EST) -- WASHINGTON, D.C. — Without providing further detail, the Supreme Court on Jan. 10 granted review and immediately vacated a split Fourth Circuit U.S. Court of Appeals panel’s ruling affirming a federal trial court’s grant of class certification and its award of a $10 million class judgment in a predatory lending lawsuit stemming from an allegedly fraudulent appraisal fee scheme and remanded the action to the appellate court for further consideration in light of the Supreme Court’s recent ruling in TransUnion LLC v. Ramirez....