Banking & Financial Services
Fraud Attorneys
As America’s Financial Crisis has revealed, many of our nation’s largest and most profitable banks are actively involved in “predatory lending practices,” in which banks attempt to deceive their clients through hidden fees, skyrocketing interest rates, billing fraud, and business practices undisclosed in customer contracts.
Steven Goren has handled numerous class actions, has lectured lawyers on class actions and helped author the National Association of Consumer Advocates’ Standards and Guidelines for Litigating and Settling Consumer Class Actions.
Goren, Goren & Harris has handled numerous consumer class actions involving false advertising and the deceptive use of the word “free.” When an appliance store promised “Free Airfare for Two” to Florida, Bahamas or Hawaii with a purchase over $200, we sued. It sounded too good to be true and it was. There were so many restrictions, taxes and other conditions that the offer itself was worthless. After our firm stepped in, a class of 30,000 Michigan consumers obtained compensation.
A good case involves a business that is well established and won’t disappear or declare bankruptcy as soon as a lawsuit is filed. Ideally, many consumers will have suffered the same loss, even if no one consumer has suffered a great harm. There are many factors that must be examined in deciding whether to bring a class action. Examples of possible cases include using the word “free” without disclosing in the ad all the terms and conditions (the cellular phone companies regularly violate this law), unauthorized fees (e.g. a mortgage company making you pay to find out the payoff amount, or to record the mortgage release), and unfair or hidden charges for using a service (if you have paid for a 900 call to a psychic, we would like to hear from you – you probably have a case).
At Goren, Goren & Harris, we are here to help the victims of deceptive or unfair business practices. We do not get paid unless you do – and we force the business to pay our legal fee.
If you think you may be a victim of Banking & Financial Service Fraud, contact us today at 1-800-6700-LAW. Our Financial Fraud Attorneys are ready to fight for you.