Lober & Dobson successfully secured a $7,000,000 class action settlement against a major lender for illegally forcing Georgia consumers to pay for bogus or unnecessary insurance coverage on small consumer loans. This practice, known as “forced-placed insurance,” dramatically inflated the cost of the loans and violated consumer protection laws.
Our firm aggressively litigated the matter, successfully defending class certification through the Georgia Court of Appeal. This strategic victory ultimately compelled the lender to settle, returning millions to consumers who were unfairly charged.
$7,000,000 class action settlement.
Large Consumer Lender (Beneficial Life Insurance, based on source data).
Illegally forcing consumers to pay for bogus or unnecessary insurance coverage on loans.
Direct financial compensation and relief for thousands of consumers subjected to unfair lending practices.
If a lender or financial institution added unauthorized or mandatory insurance charges to your loan, you have the right to fight back. Our class action team is a recognized leader in challenging forced-placed insurance practices.
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