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Article: LendingTree Faces Class Action Lawsuit over 'False Advertising'.
- Article from:
- National Mortgage News
- Article date:
- October 16, 2006
- Author:
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IRVINE, CA -- A nationwide class-action lawsuit has been filed against LendingTree LLC and its wholly owned subsidiary, Home Loan Center Inc., on behalf of consumers.
The online lending and realty service exchange company said it plans to fight charges made in the class action brought by the law firm of Teuton, Loewy & Parker LLP. The class action alleges that LendingTree and Home Loan Center, which does business as LendingTree Loans, engaged in unfair business practices and false advertising.
According to the complaint, which was filed in Orange County Superior Court, LendingTree's familiar slogan is: "When banks compete, you win." With this slogan, ...