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Lender Sued for Freezing HELOCs, Expert Says Lawsuit is Frivolous
California borrowers sued a major financial institution and its mortgage arm for freezing their HELOC accounts as the financial services industry teetered on the brink of collapse. But a legal expert said the suit, for which class certification is being sought, is just another frivolous attempt to label a defensive action in bad economic times as abusive. The suit filed...
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