Experts Troubled by Growing Use of State UDAP Laws in Lending Cases
July 14, 2008
Legal experts expressed concern over the increased use of state unfair-and-deceptive-practices statutes in mortgage-related cases in the wake of recent state lawsuits against Countrywide. Robert Jaworski, a compliance expert and a partner at the New Jersey office of Reed Smith, said there is a trend among state attorneys general to use the broader statute to go after lenders under the...