Truth in Lending Act Class Action Certified

Fifth Third Bank, a Cincinnati-based lender, was accused of violating the Truth in Lending Act by a group of class-action plaintiffs. The class-action was certified March 26, 2021 and paves the way for several hundred thousand customers to join if they took out an Early Access loan prior to May 1, 2013. The suit‘s complaint alleges that the percentage rate due on the Early Access loans were allegedly misrepresented and that the loans’ annual percentage rate was up to 15 times higher than what Fifth Third Bank stated to their customers.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.


Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.