Illinois Supreme Court holds there is no standing to sue for a data breach…

In Petta v. Christie Bus. Holdings Co., P.C., 2025 IL 130337 (Jan. 24, 2025) the Illinois Supreme Court affirmed an appellate court decision that a plaintiff who does not suffer a concrete injury lacks standing to pursue a claim against a business for failing to provide reasonable security to protect…

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Illinois Appellate Court holds “single-refiling” rule barred foreclosure because the dismissal of the prior…

The Illinois Appellate Court for the Third District has added its voice to the issue of the “single-refiling” rule’s application in mortgage foreclosure proceedings. Creating further confusion in this area, it announced in Wells Fargo Bank, N.A. v. Rodriguez, 2024 IL App (3d) 230020, that the single-refiling rule barred a…

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Foreclosure Purchaser not liable for unpaid HOA fees where Association did not expressly state…

A recent ruling by the Circuit Court of Cook County supports the argument that where a condominium’s recorded declarations do not expressly state that the property will be governed by the Illinois Condominium Act, unpaid assessment liens will not be extinguished in a mortgage foreclosure proceeding. The purchaser of the…

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The Seventh Circuit reverses district court and holds that ECOA imposes liability for discouraging…

In Consumer Fin. Prot. Bureau v. Townstone Fin., Inc., No. 23-1654 (7th Cir.) the CFPB sued a non-depository mortgage lender contending it violated the Equal Credit Opportunity Act (“ECOA”). Specifically, it alleged the lender violated ECOA’s, “Regulation B,” which prohibits creditors from discouraging applicants or prospective applicants from applying for…

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Illinois Appellate Court holds that drafting decision in contract arbitration provision meant lender must…

At issue in Overland Bond & Inv. Corp. v. Calhoun, 2023 IL App (1st) 221804 (Nov. 27, 2023) was whether a lender can invoke an arbitration provision in a loan agreement after commencing legal proceedings arising from the borrowers’ default under that agreement. The First District Appellate Court held that…

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Seventh Circuit holds that the accuracy of information under FCRA determined by the ACDV…

Frazier v. Dovenmuehle Mortg., Inc., No. 22-2570 (7th Cir. July 5, 2023) addressed the question whether the completeness or accuracy of information furnished by a data furnisher under § 1681s-2(b) of Fair Credit Reporting Act must be judged, not on the ACDV response the data furnisher provides to the credit…

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Seventh Circuit holds that debtor who spent $3.95 to send a second validation request…

After more than a dozen rulings over the last four years where the Seventh Circuit has tossed FDCPA suits for the debtors’ failures to establish Article III standing, the Seventh Circuit recently found that a debtor had standing to sue for violations of the FDCPA due to the time and…

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Illinois court says check maker is still liable to holder in due course on…

A recent decision from the Illinois First District Appellate Court highlights the dangers posed by the technological advances in mobile banking. In West & Lake Check Cashers, LLC v. Propane Pete, LLC, 2023 IL App (2d) 220291 (May 16, 2023) the maker of a check was liable to a currency…

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Lender’s attempt to avoid foreclosure in Illinois backfires

In an unpublished order, an Illinois Appellate Court held that a lender’s efforts to avoid foreclosure proceedings in Illinois by acquiring ownership of the owner’s limited liability company through court proceedings in Utah, was not res judicata in the borrower’s suit in Illinois state court challenging the legality of the…

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Illinois District Court rejects CFPB’s claim that ECOA applies to prospective applicants who have…

An Illinois district court was asked in Bureau of Consumer Financial Protection Bureau v. Townstone Financial, Inc., No. 20-CV-4176 (N.D. Ill. Feb. 3, 2023) whether the Equal Credit Opportunity Act (ECOA)’s prohibitions in connection with consumer credit applications extends to prospective applicants who have not yet applied for credit. Specifically,…

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