Monday, May 17, 2021

M&T Bank Is Sued After Loan Deal With Convicted Felon In Unusual FCRA Case

By Matthew Russell Lee, Patreon

BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, May 17 – Sandra Klaus sued M&T Bank, who seeking to acquire People's United, for improperly dealing with a convicted felon in connection with an auto loan.     

     On May 17, U.S. District Court for the Southern District of New York Judge Paul A. Engelmayer held a proceeding. Inner City Press covered it. 

  M&T's lawyer bad-mouthed the plaintiff all the while saying the bank is open to mediation or a Magistrate Judge. Judge Engelmayer opined that this was not your usual Fair Credit Reporting Act case.

 Indeed: M&T's lawyer said the bank was somehow not aware of the felony, because it made the loan "between the indictment and the sentencing." What about the guilty plea or conviction?    Another conference has been set for July 19.

The case is Klaus v. M&T Bank Corporation, 20-cv-6179 (Engelmayer)

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