U.S. Bank Force-Placed Insurance Class Action Lawsuit

Justice League

Hustler Money blog:

For all U.S borrowers who between April 8, 2009 and June 30, 2015, were charged by U.S. Bank under a hazard, flood, flood-gap or wind-only lender-placed insurance (LPI) policy for residential property, and who either paid to U.S. Bank the net premium for that LPI policy or who did not pay and still owe U.S. Bank the net premium for the LPI policy, you are eligible for a potential award from the U.S. Bank Force-Placed Insurance Class Action Lawsuit! According to the lawsuit, U.S. Bank placed the insurance on borrowers’ property in such a manner that the bank would receive an unauthorized benefit and get “kickbacks” in the form of commissions from the Assurant defendants. Although U.S. Bank denies all acts of wrongdoings, they have agreed to settle the class action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible…

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