Safe Harbor Protects Assignees from Liability under the ECOA

​In a prior post, we considered the application of the Equal Credit Opportunity Act (ECOA) as a defense to guarantor liability. A related issue is whether claims under the ECOA exist against a successor or “assignee” creditor uninvolved in the origi ...[Read more]

Published: 10/21/2014 | 0  Comments | 0  Links to this post

Eighth Circuit Finds Guarantors Not Afforded Protections under the ECOA

​The application of the Equal Credit Opportunity Act (ECOA) to spousal guaranties is a developing area of law, resulting in a number of recent appellate opinions. One opinion from the Eighth Circuit Court of Appeals, Hawkins v. Community Bank of Ray ...[Read more]

Published: 10/7/2014 | 0  Comments | 0  Links to this post