Seventh Circuit Holds That District Court Properly Dismissed Action When Borrowers Did Not Demonstrate That Alleged Injuries Were Caused by RESPA Violation

The United States Court of Appeals for the Seventh Circuit recently affirmed a district court’s grant of summary judgment to a loan servicer on a Real Estate Settlement Procedures Act (“RESPA”) claim when the borrowers could not sufficiently allege any connection between their alleged injury and the RESPA violation.

Sixth Circuit Rejects Borrowers’ Claim for Rescission Under TILA for a Lender’s Failure to Notify the Borrowers That the Debt Had Been Assigned

In a case “that appears to be a new question in the court of appeals,” the United States Court of Appeals for the Sixth Circuit recently affirmed a lower court’s holding that a lender’s failure to notify its borrowers of the assignment of the borrowers’ deed of trust did not entitle the borrowers to rescind the loan under the Truth in Lending Act (“TILA”).