More On Federal Court Ruling Disallowing Class Action Status In TILA Case Seeking Mortgage Recission

The National Law Journal recently ran a story on the recent win by the mortgage lending industry when a Federal appeals court stripped homeowners of class action status in a Truth In Lending Act ("TILA") lawsuit seeking recission of a mortgage in which the TILA was violated.

For the story, see Mortgage Lenders Fight Off Rescission Class Action in 7th Circuit.

For the court ruling, see Andrews v. Chevy Chase Bank (7th Cir., 9-24-08).