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by ddeck
3212 days ago
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Defamation laws differ by state, but in NY for example, I believe libel (slander refers to oral defamation) requires that the perpetrator knew, or should have known, that the statements were false. The question would then become whether the bank's identity verification procedures satisfy that burden. I think it would be a difficult endeavor, but it would be good to see it tested. |
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They absolutely should have known it was wrong -- their business is lending money to people! If their procedure is insufficient, they should have fixed this.
I would love to see the banks sued for libel, a massive class action suit. There are real monetery damages it one could put a number on, and the difference between a bad and a good 30 year mortgage will be a big number.