Are there any class action law suits aimed at devious finance practices?

Question

When is it considered Malpractice or misrepresentation on a finance company?When one of its officers claims to have a contract for afixed rate loan and slips a consumer an ARM or an Adjustable rate loan. This screams for attention now. An abnormal amount of familys are losing there lifelyhood to this practice and Californains need to stand together and outlaw this practice and make the payments retroavtive? HELP?

Answer 1

All victims of the devious finance practices must meet and form a group to select representatives to file a class suit in their behalf against the company or their officers.