Homeowners Allege Captive Scheme By Banks, Reinsurer In First Amended Complaint

Mealey's (May 12, 2017, 8:26 AM EDT) -- PHILADELPHIA — Homeowners filed a first amended class action complaint on April 26 in a Pennsylvania federal court, alleging a captive reinsurance scheme between banks and an affiliated reinsurer in violation of the Real Estate Settlement Procedures Act (RESPA) (Christopher Blake and James Orkis v. JPMorgan Chase Bank, N.A., et al., No. 13-6433, E.D. Pa.)....