A federal lawsuit filed today in San Diego alleges Washington Mutual, now operating as a division of JP Morgan Chase Bank, has been systematically reducing and freezing customers' home equity credit lines.
The proposed class-action suit -- filed on behalf of Escondido businesswoman Michell Kimball -- alleges the bank used flawed automated valuation models to intentionally understate home values so it could create a pretext for freezing its customers' line-of-credit accounts.
The lawsuit alleges that the banks are failing to live up to their promises to use $700 billion in taxpayer funds to lend money to cash-strapped home and business owners and are squeezing consumers by freezing or reducing their home equity lines of credit.
Kimball said she first learned that Chase had frozen her WAMU credit line when a check she had drawn on the account was dishonored.
The plaintiff said the action by the bank threatened her home and the viability of her small business.
After Kimball's lawyers intervened, Chase restored her credit line but did not reimburse her for her losses, according to her court papers.
By mid-June, San Diego will be home to The Cado, a first of its kind pop-up featuring multi-sensory art installations designed to take you inside, and out, of a California avocado.
A middle-aged 90-pound African spurred tortoise nicknamed "Humpty" is continuing to recover Thursday following a surgery to fix his shell, which was severely cracked in several places when he fell from a 10- foot wall in Fallbrook, county officials said.
A San Diego judge will decide if there is enough evidence for an off- duty Yuma police officer accused of sexually assaulting a woman in San Diego to stand trial.
President Trump sent out a tweet Thursday thanking San Diego County for siding with him on California's sanctuary state
A San Diego man who beat, raped and strangled a female friend after watching her have sex with another couple, then stuffed her body in a suitcase and put it out with the trash, was convicted Thursday of first-degree murder.
Authorities put out a call Wednesday to anyone who might be able to help identify a mugger who jumped a woman in a South Bay park and physically and sexually assaulted her, leaving her hospitalized.
A fire broke out early Thursday morning in a back room of a Baptist church and Christian college in Logan Heights, authorities said.
California reached an agreement with the federal government that the state's National Guard troops will deploy to the border to focus on fighting transnational gangs as well as drug and gun smugglers, Gov. Jerry Brown said.
Creating an inventory of soon-to-expire affordable housing projects and ordinances to protect residents were among the suggestions generated at workshops Wednesday hosted by the City Council's Smart Growth and Land Use Committee.