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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
A settlement has been reached in a class action lawsuit alleging U.S. Bank NA received unauthorized benefits by imposing force-placed insurance policies on borrowers who lacked acceptable coverage.
If you were charged by U.S. Bank for lender-placed insurance issued by American Security Insurance Company, Voyager Indemnity Insurance Company or Standard Guaranty Insurance Company (collectively the “Assurant defendants”), you may be eligible for benefits from the class action settlement.
The U.S Bank class action lawsuit involves force-placed insurance (also called lender-placed insurance), which is insurance placed on a borrower’s property when the borrower’s insurance lapses or when the borrower fails to maintain an insurance policy that is acceptable to the mortgage lender.
According to the force-placed insurance class action lawsuit, U.S. Bank placed the insurance on borrowers’ property in such a manner that the bank would receive an unauthorized benefit and get “kickbacks” in the form of commissions from the Assurant defendants. The plaintiffs also allege that the manner in which the force-placed insurance policies were obtained and placed caused the cost and amount of coverage to be excessive.
The defendants deny the allegations and maintain that their conduct was not unlawful. However, they have agreed to settle the force-placed insurance class action settlement to avoid the risk and expense of trial.
Who’s Eligible
Class Members of the U.S. Bank force-placed insurance settlement include all U.S. borrowers who, between April 8, 2009 and June 30, 2015, were charged by U.S. Bank under a hazard, flood, flood-gap or wind-only lender-placed insurance (LPI) policy for residential property, and who either paid to U.S. Bank the net premium for that LPI policy or who did not pay and still owe U.S. Bank the net premium for the LPI policy.
NOTE: If you were a Class Member in Stephen Ellsworth v. U.S. Bank NA, et al., Case No. 3:12-cv-02506-LB, in the U.S. District Court for the Northern District of California, you are not eligible to participate in this class action settlement.
Potential Award
Varies, depending on the type of policy that was placed and the date the force-placed insurance policy was placed on your property:
- If you were charged for a hazard force-placed insurance policy on or before Nov. 30, 2011, you will receive 12.5 percent of the net premium.
- If you were charged for a flood, flood-gap or wind force-placed insurance policy on or after Dec. 1, 2011, you will receive seven percent of the net premium.
- If you were charged for a flood, flood-gap or wind force-placed insurance policy between Apr. 8, 2009 and June 30, 2015, you will receive seven percent of the net premium.
Class Members who submit timely and valid claims will receive either a cash payment or a reduction in the amount they currently owe U.S. Bank.
Proof of Purchase
Class Members may be asked to provide a copy of a valid form of identification, a copy of a U.S. Bank mortgage statement, the signature of a witness over the age of 18 or a completed notary verification.
Claim Form
Claim Form Deadline
11/28/2016 (NEW)
UPDATE: On May 13, 2016, the final hearing has been reset for 8/30/16.
UPDATE 2: A federal judge granted final approval of a $28 million settlement wrapping up a U.S. Bank force-placed insurance class action lawsuit.
Case Name
Philip Jackson, et al. v. U.S. Bank NA, et al., Case No. 1:14-cv-21252, in the U.S. District Court for the Southern District of Florida
Final Hearing
8/30/2016 (NEW)
Settlement Website
www.JacksonSettlementInfo.com
Claims Administrator
Claims Administrator
c/o Rust Consulting
P.O. Box 2469
Faribault, MN 55021-9169
1-877-877-0460
Class Counsel
Adam M. Moskowitz
KOZYAK TROPIN & THROCKMORTON PA
Aaron S. Podhurst
PODHURST ORSECK PA
Lance A. Harke
HARKE CLASBY & BUSHMAN LLP
Defense Counsel
Counsel for U.S. Bank:
Skip Durocher
DORSEY & WHITNEY LLP
Counsel for Assurant Defendants:
Frank G. Burt
CARLTON FIELDS JORDEN BURT PA
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26 thoughts onU.S. Bank Force-Placed Insurance Class Action Settlement
I was able to find a website for Rusk Consulting and left a general inquiry through their website with my name and the case information. I received a call within 1 week and was told my claim was in good standing and checks are to be disbursed by around mid-September. The website is: http://www.rustconsulting.com/Solutions/Legal-Settlements
I hope this is helpful to those reading this post and the hope is to get the money we are owed soon!
who can we go to to open a classaction against Rust Consulting? I think that is what we are going to have to do to get this money. they made me do alot show ID and everything, when they sent the form to me in the first place and US Bank is a big fraud. they raised my mortgage from 1500. to almost 1800. the first year I was with them. mostly in part to this insurance.
According to GoDaddy WhoIs the site that no longer exists https://jacksonsettlementinfo.com/mainpage/Home.aspx belonged to…
Registrant Name: Rust Consulting
Registrant Organization: Rust Consulting, Inc.
Registrant Street: 625 Marquette Avenue South
Registrant Street: Suite 880
Registrant City: Minneapolis
Registrant State/Province: Minnesota
Registrant Postal Code: 55402
Registrant Country: US
Registrant Phone: +1.6123592000
Registrant Email: webadmins@rustconsulting.com
Rust Consulting was in the news a few years ago regarding foreclosure settlements with various banks. It does not bode well for us expecting our checks from this lawsuit since lots of checks from Rust bounced. Cannot find anything from their website or their facebook page at all about this. I filed my claim June of 2016 in response to the mailing I received about the class action suit. I really don’t think we will ever see a check at this point.
I filed my claim within the allotted time according to the paperwork I received from Jackson Settlement and now the website has disappeared. Was this all a scam?
I totally agree with you. I did the same and didn’t receive anything. Maybe the lawyers kept it all for themselves. I called them twice and received a phone call months later with a message to call back, but each time I do the same thing happens. They refuse to leave a message on my phone.
The website was https://jacksonsettlementinfo.com/mainpage/Home.aspx and it did disappear. If I don’t hear something soon, I’ll write to the court and report this.
I agree, I will be contacting the courts as well I filed all requested paperwork before the deadline and I have heard absolutely nothing I’m pretty sure the attorneys have received their $5 million
Has anyone received their settlement check yet? I contacted the law firm and I received one call back with a short message to call them back, but when I called them back, I never heard from them again – this was months ago.
I received the paperwork long ago and filled it out right away and then went online to submit it. That was the last of what I heard.
The settlement was Sept 2016 and today is April 21, 2017 and no check. How long does something like this take for the checks to be mailed? Thank you
Did you file through the Jackson law firm? The website was active last week and now it’s gone.
Yes, I did. I filed almost immediately after they sent me the paperwork. I even called them twice and left a voice mail explaining the reason for my call and nothing.
I will be contacting the courts as well I filed all requested paperwork before the deadline and have received nothing I’m pretty sure the attorneys have received their $5million
I have wanting to here from someone about the status of the lawsuit,leaving messages,with know reply. I have been fighting us bank for over 8 yrs. they harassed me & my family all this time saying I did not have the right coverage on my house. They took a house payment to pay the extra coverage,then saying I had missed a house payment. I have never missed a house payment ! Refusing to pay the extra payment has let them say I have been behind in payment,which in turn let them charge a late fee. Now the late charges are in the thousands. I have relentlessly tried to resolve this over the yrs thur their corporate phone line,bank branch managers who where very frustrated with their own company. I have all records ,dates, people’s names,departments that said they could help & would help but got stoned walled themselfs. When I told them when they called me about being late on my monthly payment ,I told them that I was in the usbank lawsuit the phone calls stopped. I have been wanting to refinance for yrs,but to do so ,I would have to pay the fines they have imposed on me. They have also tagged my credit rating with these lies. Corporations like these are what’s ruining America.
We’re so very sorry to hear about what you’ve been through with US Bank. The claim deadline is November 28, 2016. We hope you’ve submitted your claim. Unfortunately, it will more than likely take the settlement administrator several weeks or even months to review and process claims. Please keep checking Top Class Actions for updates. We will let our viewers know when we learn that checks are in the mail!
Hello.Are the Checks in the mail? If not do you know the deadline?
I would like to find out if I am a part of this settlement – as my home was taken from me by way of wrongful foreclosure. US Bank was in violation of over 100+ state and government laws and this was one of them. If you could please let me know any information/amount/time, I would deeply appreciate it, thank you
Kathleen Warren
Charles you need to clean your credit with a dispute. I clean credit so I know what I am talking about. just get your free credit report from all 3 credit companies and when they send it to you use code to go online and make a dispute. just state never late so they don’t delete the account.
UPDATE 2: A federal judge granted final approval of a $28 million settlement wrapping up a U.S. Bank force-placed insurance class action lawsuit.
UPDATE: The final hearing has been reset for 8/30/16.
WELLS FARGO FINANCING & QBE AUTO INSURANCE. I HAD BOUGHT THIS VEHICLE FOR MY WIFE TO TAKE ME TO MY DR APPTS. APPROX. SEPTEMBER OF 2014
I BOUGHT CAR IN NEWPORT BEACH, CA. FROM AN AD IN CRAIGSLIST.COM…I HAD SEEN IT FOR 5MIN AND WAS NOT ABLE TEST DRIVE IT, BUT THE SELLER DROVE IT ON A STRAIGHT LINE FOR APPROX. 1/3 MILE WHILE I WAS A PASSENGER. HE STATED THERE WAS A LOT OF INTEREST IN THE CAR BECAUSE IT WAS RARE?
SINCE IT WAS LATE & I FELT THAT I WAS RUSHED TO SIGN ALL THESE CONFUSING DOCUMENTS. I WAS A LITTLE SLOW TO COMPREHEND THE DOCUMENTS I WAS SIGNING, DUE TO MY DISABILITY, BUT IT SIGNED ANYWAYS BECAUSE THEY WERE CLOSING.
REGISTRATION IS IN MY NAME & I HAD A DRIVERS LICENSE AT THE TIME OF PURCHASE, BUT HAD MY DRIVER LICENSE IS TEMP. SUSPENDED APPROX. 05/15, DUE TO UNABILITY PROVIDE MY MEDICAL DRIVER SAFETY AUTHORIZATION IN TIME.
I THEN MOVED, BECAUSE OF DISTANCE TO DR APPTS. I LEFT CAR WITH MY EX WIFE AND CONT. TO PAY ADEQUATE ADDITIONAL INSURANCE IN HER NAME, EVEN IF HER INSURANCE COMPANY REP. STATED THAT:
” YOU CAN DRIVE BORROW, RENT ANY CAR, SINCE YOU HAVE FULL COVERAGE ON YOUR OWN VEHICLE, INCLUDING COMP/COLLISON/UNINSURED/ETC… IN YOUR OWN AUTO INSURANCE POLICY ”
I THEN NOTIFIED WELLS FARGO R/T ABOVE & TO APPLY HER NAME TO TITLE VIA TELEPHONE & PERMISSION FOR HER TO CALL ON MY BEHALFATANYTIME, BECAUSE I’M FREQUENTLY ILL, I’M EITHER IN HOSPITAL OR I AM NOT FEELING WELL TO TALK LOGICALLY.
ALSO, I WILL BE MAKING PAYMENTS DIRECTLY INTO A WELLS FARGO BRANCH OR MAIL PAYMENTS, DUE TO RECENT IDENTITY THEFT. THE REP. STATED ” IT WAS FINE, THEY WILL TAKE CARE OF IT & WILL BE NOTED IN MY ACCT & I WILL BE RECIEVING STATEMENTS & CONVERSATION IN THE MAIL “. SO, THOUGHT IT WAS AGREED & RECEIVED, NOTHING BY MAIL.
I CONT. TO MAKE AUTO PAYMENTS ON TIME IN THE BANK, AND LOW AND BEHOLD, ” CAR WAS REPOSSED IN APPROX. OF JULY 2015, BECAUSE, THEY STATED ” THEIR COMPUTER SHOWED THAT I HAVEN’T MADE PAYMENTS IN 3MO. AND I WAS PROVIDED INSURANCE FROM THEIR AFFILIATE INSURANCE COMPANY QBE
I WAS NEVER NOTIFIED OF THIS VIA PHONE, CELL, MAIL ETC… AND DUE TO MY DISABILITY. I JUST PAID THE REPO COMPANY & THEIR INSURANCE WITHIN A WEEK, AFTER BEING HOSPITALIZED. APPROX. $1200.
SO, MY WIFES INSURANCE WAS PROVIDED & I WAS ABLE TO OBTAIN POSSESSION. I DON’T UNDERSTAND WHY THEY ACCEPTED IT WHEN IT WAS IN REPOSSESSION & NOT IN COMPUTER RECORDS, NOR ANY COMMUNICATION AT WELLS FARGO???…I WAS UPSET BECAUSE EVEN WHEN I WAS AT THE REPO YARD, THE CAR WOULD’NT START, MY REMOTE OEM KEY DIDN’T UNLOCK DOOR LOCKS, SOME IMPORTANT INTERIOR WARNING SPEEDOMETER LIGHTS WERE NOT WORKING, EXCEPT 1, WHEN BRAKES WERE APPLIED, THE WARNING LIGHT COMES ON FREQUENTLY, BRAKES MAKE A LOUD SQREECHING SOUND, AND THOSE BRAKES 4 ROTORS & 4 NEW BRAKE PADS ARE NEW, 2 FLAT TIRES, FRONT LEFT & REAR.
I ASSUME DUE TO CAR REPOSSESSION DAMAGES BY MOVING THE CAR SIDE FROM THE DRIVERS SIDE, BECAUSE ANOTHER TENANTS CAR WAS BEHIND IT & A GARAGE IN FRONT OF IT, FORCING MOVEMENT SIDEWAYS MAKING THE CAR NOW OUT OF ALIGNMENT OUT OF POSITION, WHEELS BENT & TIRES CANNOT HOLD PRESSURE. RT SIDE POWER MIRRORS INOPERABLE, SO IT WOULD HAVE TO BE MANUALLLY POSITIONED, BUT IT STILL IS NOT SAFE FOR BLIND SPOTS BECAUSE OF USING HAND TO POSITION IT FREQUENTLY WHEN DRIVING. THEN CAR OVERHEATS, BECAUSE WHEN I LIFTED THE HOOD, I SAW THE RADIATOR COOLANT RESERVE CONTAINER ON TOP OF THE ENGINE & HAD TO NON-OP CAR. ALL THIS WAS NOT NOTICEABLE WHEN IT WAS DRIVEN OUT OF REPO LOT. AND AGAIN, SINCE BEING RUSHED BECAUSE OF OTHER REPO’ED CARS BEHIND US, WE HAD TO SIGN QUICK.
CAR WAS STILL INSURED WHILE ON NON-OP STATUS.
LATER, IN THE WEEK AN QBE INSURANCE CO HAS CALLED ME R/T A CLAIM I HAVE MADE & DIDN’T KNOW WHAT THEY WERE TALKING ABOUT???..I SAID I NEVER MADE A CLAIM & WAS NEVER CALLED BACK.
LAST MONTH, APRIL 06, FINALLY I HAD MOST REPAIRS DONE, INCLUDING NEW WHEELS & TIRES TO VEHICLE, BUT NOT ORIGINAL, BECAUSE OF ORIGINALS COST MORE.
RE-REGISTERED THE CAR. AFTER THE NON OP STATUS & INSURANCE POLICY WAS E-MAILED, FAX’ED, SENT BY MAIL, COMMUNICATED WITH THEM VIA TELEPHONE FROM INSURANCE COMPANY OFFICE REPRESENTATIVE…MULTIPLY TIMES AND WELLS FARGO & QBE CONTINUES TO STATE THAT THEY NEVER RECEIVED PROOF OF INSURANCE. I’M THINKING ” HOW CAN YOU REGISTER A VEHICLE WITHOUT INSURANCE”
THEN, LAST WEEK I HAD HEARD A REPO MAN WAS LOOKING FOR THE CAR?. AGAIN CALLS HAVE BEEN MADE, TO RECTIFY SITUATION, BUT I WAS NOT ABLE TO TALK. I HAD MY WIFE CALL & THEY WOULD NOT ENTERTAIN HER.
AS OF TODAY, I’M MENTALLY EXHAUSTED & MY DISABILITY HAS WORSENED. I HAVE BEEN UNDER MEDICAL SUPERVISION. I HAVE TO MY DOCTOR EVERY MO. FOR NEW MEDICATIONS HAVE BEEN PRESCRIBED, ALONG WITH ADDITIONAL MED DOSAGE ADJUSTMENTS INCLUDING MORE HEALTH PROFESSIONALS TO HELP COPE WITH THIS. I WAS FEELING BETTER BEFORE & WAS ON MY WAY TO GETTING OUT OF DISABILITY, WHERE THIS SITUATION HAS JUST MADE ME MORE DISABLED THEN EVER.
MY FAMILY IS HARASSED DAILY BY CALLS FROM WELLS FARGO OR QBE. THAT, I CAN’T BE AROUND MY OWN FAMILY…CAN YOU PLEASE HELP OR GIVE ANY ADVISE TO THIS MATTER. ATTACHED IS A CLASS ACTION LAWSUIT & A SIMULAR SITUATION
IN CONCLUSION, BOTH WELLS FARGO & QBE INSURANCE CONTINUE TO BE IN COLLUSION IN PREDATORY SELLING, VIOLATING THE CONSUMER PROTECTION ACT & DISABILITY (PAIMI) Act.
I HAVE EVERY PAYMENT MADE, DEALER CONTRACT, INSURANCE, MEDICAL VISITS, EVERYTHING & CAR IS ONLY WORTH $5000. ” THE REPRESENTIVE SAID, WE ARE ONLY PROTECTING OUR INVESTMENT??? ” …$2500?… NEVER PUT EVEN 1000MILES IF THAT ON THE CAR. THIS IS THE WORST BUYING EXPERIENCE EVER & IN ADDITION, MY CREDIT IS RUINED.
FINALLY, AT THIS POINT IN DON’T KNOW WHO’S DISABLED ME OR WELLS FARGO & QBE???…THEIR MISSION STATEMENT DOES’NT REFLECT THEIR BUSINESS PRACTICES.
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