| PNC Bank Is
Sued In NY For Usury As Buys BBVA Over
Abstention Now More Delay
By Matthew
Russell Lee, Patreon
BBC
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SDNY COURTHOUSE,
May 27 – PNC Bank and its
Midland Loan Services have
been sued for usury, predatory
lending and civil conspiracy,
under New York and Federal
law.
The
complaint docketed on December
29, 2020 in the U.S. District
Court for the Southern
District of New York, which
Inner City Press covers,
describes PNC's lending on a
number of homes and allegedly
racking up $250 charges.
It questions the
reporting on line 205 of the
HUD statement. When the
plaintiff questioned it, he
was called an
"assh*ole."
The case is
filed while PNC seeks to buy
the US retail banking business
of BBVA for $16 billion, an
application to the Federal
Reserve Board and other
regulators which is subject to
the Community Reinvestment
Act.
On December
30 the case was assigned to
SDNY District Judge P. Kevin
Castel, who has ordered:
"ORDER INITIAL PRETRIAL
CONFERENCE: COUNSEL FOR
PLAINTIFF (OR THE REMOVING
DEFENDANT) SHALL IMMEDIATELY
SEND A COPY OF THIS ORDER TO
ALL PARTIES. Counsel for all
parties shall appear for an
Initial Pretrial Conference,
held pursuant to Rule 16 of
the Federal Rules of Civil
Procedure, March 1, 2021 at
12:00 p.m. Principal trial
counsel shall appear at this
and all subsequent
conferences. SO ORDERED.
Initial Conference set for
3/1/2021 at 12:00 PM before
Judge P. Kevin Castel. (Signed
by Judge P. Kevin Castel on
12/30/2020)."
But after
a conference was set for March
1, PNC's lawyers wrote in to
get it pushed back to April
22. On April 8, PNC's lawyers
wrote in again, asking for
more delay to two weeks after
any answer or motion to
dismiss.
In May, the
Federal Reserve approved,
along with a rare abstention,
PNC - BBVA.
Now on May 27,
this: "Initial Pretrial
Conference held on 5/27/2021.
Plaintiffs second amended
complaint due August 2, 2021.
Defendants pre-motion letters
addressed to the second
amended complaint due by
August 23, 2021. Plaintiffs
response due September 9,
2021. Discovery stayed until
further order of this Court."
The case is
Barli v. PNC Bank, NA et al.,
20-cv-11027 (Castel)
***
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