Consumer Fraud Claim In Loan Modification Suit Survives Summary Judgment

Mealey's (February 1, 2023, 9:26 AM EST) -- CHICAGO — A federal judge in Illinois denied Wells Fargo Bank NA’s motion for summary judgment on a claim for violation of Illinois’ consumer fraud statute in a lawsuit stemming from Wells Fargo’s failure to provide borrowers with a loan modification under the Home Affordable Modification Program (HAMP) before foreclosing on their home, ruling that genuine issues of material fact exist as to whether Wells Fargo is liable for violating the statute....