Stearns Lending Llc
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Borrowers claim M&T Bank, Stearns Lending improperly collected 'hundreds of millions' in interest
A pair of putative class actions now pending in Cook County courts accuse M&T Bank and Stearns Lending of improperly soaking up hundreds of millions of dollars in mortgage interest after principals were paid, by substituting their own “misleading” notice forms for the required federally-approved versions.