An amended federal complaint in Colorado adds new named plaintiffs to a class-action lawsuit against Unison. Plaintiffs allege the company marketed HEI contracts as interest-free, but borrowers face large lump-sum obligations. AI Summary
Two plaintiffs have joined a federal class-action lawsuit in Colorado against home equity investment (HEI) company Unison Agreement Corp. and its affiliates, expanding allegations that the company’s HEI products function as high-cost mortgages despite being marketed as interest-free alternatives.
The amended complaint, filed June 8 by law firm Singleton Schreiber in the U.S. District Court for the District of Colorado, adds Jamie and Alicia Williams of Weld County and Douglas Clayton of Longmont as named plaintiffs alongside original plaintiffs Katharine and Charles Kane of Centennial…