Predatory Lending: Current Trends and Claim Spotting - Training Library

Product not yet rated

Almost every state has enacted usury laws that limit the amount of interest that a lender can charge on a loan. Despite these well-established laws, predatory lenders continue to make blatantly illegal loans that violate state usury laws. Every year, there are millions of consumers who are victimized by these loans and need our help. Come learn how you can assist, including through class actions.

What You Will Learn

• How to intake a potential case, including choice-of-law and arbitration considerations

•         What special considerations exist for tribal lenders and rent-a-bank
•      How to couple usury claims with RICO’s prohibition against the collection of unlawful debt
•         What to expect when you file a case, including special issues related to class actions

Andrew Guzzo

Partner

Kelly Guzzo, PLC

Andrew Guzzo’s practice focuses exclusively on representing consumers, with an emphasis on litigation against internet lenders, credit reporting agencies, and debt collectors. Andrew has litigated more than two dozen cases related to high-cost lending. These cases have involved each of the major players in the industry, including lenders, investors, architects of the rent-a-tribe scheme, tribal officials, specialized credit reporting agencies, and lead generators. Over the past five years, Andrew has been involved in class actions that have returned more than $100 million dollars to consumers and cancelled more than $1 billion in predatory loans.