Judgment has been entered against Vervent Inc. for $12 million by a California federal judge. A jury verdict was reached following a two-week trial held in San Diego in June 2023 over the predatory lending scheme. John J. Grogan, Irv Ackelsberg and David A. Nagdeman...
A San Diego jury has found loan servicer, Vervent, Inc, formerly First Associates Loan Servicing LLC, legally liable in a broad racketeering enterprise that cost ex-ITT students millions of dollars. The case was brought by former ITT students over a predatory lending...
On October 27, 2020, the Pennsylvania Court of Common Pleas issued a final approval of a settlement in a class action against Loancare, LLC, for overcharged late fees. The complaint alleged that the defendant overcharged class members when assessing late fees on...