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Do you own a home in New York State? Do you pay a portion of your property taxes or insurance when you pay your mortgage each month? If so, you may be entitled to earn interest on those funds. We have seen signs that Bank of America is not complying with this consumer-oriented law, and we’re investigating to see if a class action is needed.

Citibank Awning

This settlement resolves a class action in which the plaintiffs claimed that Citibank did not properly disclose to customers that it would report the value of promotional American Airline miles awarded to them to the IRS as taxable income by issuing IRS Form 1099s.

Disabled Person

Structured Settlement Annuities (SSAs) are often used to settle personal injury or medical malpractice cases where large sums will be needed to pay for long-term treatment or care of an injured person. SSAs help persons who may be impaired or not financially savvy by providing steady or periodic income streams over long periods of time. But the complaint claims that beneficiaries are vulnerable to unscrupulous companies who want to buy their income streams for low but immediate payments that are not proper compensation for the long-term income. State and federal laws require judicial review of all such purchases to ensure that they are in the best interest of the beneficiaries. Unfortunately, the complaint alleges, a conspiracy has been formed in Virginia that involves an attorney, companies that purchase SSA benefits, and complicit judges. The complaint alleges that the conspiracy violates RICO laws and defrauds beneficiaries.

Car Made of Dollars

High interest rates on payday or title loans are sometimes justified by the claim that such loans are made only for short terms. But TitleMax of New Mexico, the complaint alleges, charged plaintiff Jesse Romero high interest rates on a loan that was to amortize over twenty-four monthly payments, so that he would pay $4,056.09 in interest on a loan of only $1,940.44 or be required to pay back $309 for every $100 he borrowed. The complaint alleges that TitleMax misrepresents to borrowers the ease of paying off loans, the chances of repossession, and the cost of the loan, and that in targeting the poor, TitleMax targets its “business practices to those least able to survive them.”

Plain Green Logo

The complaint for this class action alleges that Plain Green and Great Plains Lending tried to use Native American tribes as a front for their lending activities in order to evade Virginia’s lending laws. Although Plain Green claimed to be owned by the Chippewa Cree tribe and Great Plains claimed to be owned by the Otoe-Missouria tribe, the complaint alleges that these were merely “rent-a-tribe” schemes in which the tribes had no participation in funding, servicing, or any of the daily functions of the companies and simply received a percentage for fronting for the company.

kraken logo

Ether is a virtual currency that may be traded for normal currencies via online exchanges such as Kraken, the defendant in this case. This class action alleges that a systems problem occurred at Kraken, leading to it locking customers out of their accounts and liquidating the Ether holdings in margin accounts. Had Kraken’s systems been operating properly, the complaint contends, a number of things could have occurred that would have made it unnecessary to sell the Ether at such extremely low prices; instead, it said, it left account holders with major losses.

NCR Logo

The complaint alleges NCR made changes in the plan over time concerning the definition of credited service and the requirements for vesting in the plan. The complaint also alleges that NCR attempted to find other ways to remove its obligations to employees and retirees.

Thanks to a case brought by the Federal Trade Commission, NetSpend has agreed to provide refunds and settle a case related to NetSpend’s prepaid debit cards.  The plaintiff alleged that NetSpend advertised immediate access to funds, guaranteed approval, and always-available funds, among other benefits, that they did not or could not provide.

image of cryptsy logo

The plaintiffs in this lawsuit allege that the Cryptsy acted unlawfully by denying users the ability to withdraw or use the funds in their accounts and by stealing the digital currency held in the Cryptsy customer accounts for their own use. Cryptsy operated an online business for general consumers and the public to exchange, invest, and trade in digital cryptocurrencies, such as “Bitcoin” and

image of a property tax animation

The plaintiffs in this lawsuit allege that estates of Pennsylvania decedents were improperly denied real estate tax rebates under the Senior Citizens Property Tax and Rent Rebate Assistance Act.