Mortgagor Seeks Roughly $61M Settlement For Lender’s ‘Junk Fees’

(June 14, 2024, 2:11 PM EDT) -- SACRAMENTO, Calif. — A mortgagor moved in California federal court for final approval of a proposed settlement worth more than $53 million to reimburse more than 330,000 class members charged “hidden junk fees” in violation of the Racketeer Influenced and Corrupt Organizations Act (RICO) and California’s unfair competition law (UCL) and separately moved for more than $8 million in attorney fees and costs....