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Crescent Bank Smacked With Lawsuit

Auto Finance NewsbyAuto Finance News
December 30, 2009
in Archives
Reading Time: 1 min read
0

Crescent Bank & Trust has been sued for allegedly imposing unauthorized interest, fees, and penalties on its auto loan customers. Essentially, the lawsuit contends that the fees assessed exceeded the terms authorized by the loan agreements.

The case, dubbed Joseph vs. Crescent Bank & Trust, is pending in the Superior Court of Fulton County, Ga. The plaintiff’s attorney is Matthew C. Klase, a partner at Webb, Klase & Lemond LLC.

Is the litigation spigot opening? Should we expect a slew of similar cases as we head into 2010?

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