Bank Fraud

Bank Fraud

Have you been the victim of predatory lending practices? Our bank fraud lawyers at Bordas & Bordas represent the rights of borrowers in lender liability claims.  Contact our law offices in Wheeling or Moundsville, West Virginia, St. Clairsville, Ohio or Pittsburgh, Pennsylvania, to discuss your lender liability claims.

State and federal laws are designed to protect consumers from the misleading and fraudulent practices of unscrupulous lenders. At Bordas & Bordas, we represent the rights of investors and borrowers throughout the Ohio Valley, and pursue violations of laws including:

  • West Virginia Consumer Credit Protection Act
  • Truth in Lending Act (TILA)
  • Home Ownership and Equity Protection Act (HOEPA)
  • Real Estate Settlement Procedures Act (RESPA)

Predatory lending refers to a wide range of practices. Some are clearly illegal. Some are legal practices, intended to manipulate or misuse the situation of the borrower. Predatory lending practices can include:

  • Asset Based Lending or Equity Stripping

A lender makes a loan based on borrower's equity in home without regard to the ability to repay. When the borrower is unable to meet the repayment terms, the lender forecloses on the borrower's home.

  • Packing

Unscrupulous lenders sometimes require a borrower to pay high fees or to purchase single premium insurance and rolling such costs into the principle of the loan. The borrower then must pay interest on the fees over the life of the loan.

  • Flipping

This involves inducing a borrower to refinance a loan repeatedly, charging additional points, fees, or even a prepayment fee, each time the loan is refinanced.

  • Fraud and Deceit

In some cases lenders use outright fraud or deceit to hide the true nature of the loan obligation from an unsuspecting or unsophisticated borrower. Oftentimes, predatory lenders use high-pressure sales tactics or deception to target the elderly, minorities, and those with less education.

At Bordas & Bordas, our lender liability practice is committed to protecting borrowers from predatory lending practices by unscrupulous loan officers. If you have questions regarding the legal conduct of your lender, call or contact the bank fraud attorneys at Bordas & Bordas.


Contact us today to speak with a knowledgeable attorney. We offer free initial consultations and bill on a contingent fee basis — you won’t have to pay us a fee unless we collect money for you.