In May 2009, Cary Flitter and consumer attorney Andrew Ogilvie present to consumer protection attorneys at the Fair Credit Reporting Conference in Chicago,IL.
A number of our consumer protection cases have gained national attention over the years, but none more than our litigation on behalf of Karen Cappuccio of Hellertown, PA whom we represented in a case against Countrywide Mortgage. On October 9, 2009, Karen was invited to the White House to discuss her story with the President of the United States.
Pictured is our client, Karen Cappuccio (seated fourth from left), meeting with President Obama to discuss her experiences as a victim of mortgage fraud. President Obama referred to Karen’s situation during his press conference on October 9, 2009 about establishing a new Consumer Financial Protection Agency.
As part of his national press conference on Consumer Financial Protection, President Obama pointed to Karen's case as a blatant example of predatory lending and added that Karen was forced to fend off foreclose because "her mortgage company duped her into taking out two expensive loans when they had originally promised her one low, fixed-rate mortgage." The President's remarks, including his mention of Karen, can be viewed here:
In 2006, Karen applied to refinance her home mortgage with low-interest, fixed rate loans. However, her application was later altered without her knowledge and she was placed in high-interest, variable rate loans. We helped Karen fight the banks that put her in the position of having loans she did not want and loans she could not afford. Karen’s case went to trial, where a jury awarded her a verdict under the federal Equal Credit Opportunity Act and Pennsylvania’s Consumer Protection Law.