Predatory Lending: Howard Rothbloom and Fleet Finance Victims Group

News at Ten Channel 46, Atlanta, January 1994: Video - News at Ten reporter John McNight reports that some 400 hundred homeowners and former homeowners, clients of The Rothbloom Law Firm, that were victimized by Fleet Finance rallied at the First Iconium Baptist Chuch in southeast Atlanta are carrying on their battle for what they feel is a fair deal. An investigation by the Georgia Attorney General found Fleet in violationof seven provisions of the Georgia Fair Business Practices Act. and offered some victimized homeowners $162.73 in return for a full release of liability. Howard Rothbloom said: "It is outrageous that a person uses a gun to take someone's car, they will go to prison. But if a lender uses a pen to take someone's house, but if a lender uses a pen to take someone's house, then all they have to pay is $162.00 in restitution. That is not really fair." The rally revived interest in the class action lawsuit believed to have been all but extinguished by the Georgia Attorney General's settlement.

Category:

News & Politics

Tags:

• Predatory
• lending;
• Howard
• Rothbloom;
• Fleet
• Finance;
• Fiance
• Victims
• Group;
• Operation
• Fed
• Up