PNC Class Action Lawsuit 2022: What You Need to Know

PNC Class Action Lawsuit 2022: Overview

In 2022, PNC Bank was hit with a class action lawsuit alleging that the bank failed to properly deliver release of security interests and/or certificates of titles to customers who had paid off their loans. The lawsuit was filed in the United States District Court for the Southern District of Illinois and is still ongoing.

The Allegations

The plaintiffs in the lawsuit allege that PNC is violating state and federal laws by failing to provide customers with the necessary paperwork to transfer ownership of their vehicles after their loans have been paid off. This can make it difficult for customers to sell their vehicles or obtain new loans.

The Class

The class in the lawsuit is defined as all individuals who have paid off a loan for a vehicle from PNC Bank and have not received a release of security interest and/or certificate of title.

What You Need to Do

If you are a member of the class in the PNC class action lawsuit, you may be able to recover damages. To learn more about your rights and options, you should contact an attorney who specializes in class action lawsuits.

FAQs:

What is a class action lawsuit?

A class action lawsuit is a type of lawsuit that is filed on behalf of a group of people who have been harmed by the same defendant. Class action lawsuits can be useful for cases where it would be too expensive or impractical for each individual to file their own lawsuit.

How do I know if I am a member of the class in the PNC class action lawsuit?

If you have paid off a loan for a vehicle from PNC Bank and have not received a release of security interest and/or certificate of title, then you are likely a member of the class.

What can I do if I am a member of the class?

If you are a member of the class, you should contact an attorney who specializes in class action lawsuits to learn more about your rights and options.

What are the potential damages that I could recover in the PNC class action lawsuit?

The potential damages that you could recover in the PNC class action lawsuit include:

The cost of obtaining a duplicate release of security interest and/or certificate of title

Any other costs that you incurred as a result of PNC’s failure to provide you with the necessary paperwork

Punitive damages

What is the deadline to file a claim in the PNC class action lawsuit?

The deadline to file a claim in the PNC class action lawsuit has not yet been set. However, it is important to contact an attorney as soon as possible to learn more about your rights and options.

What are the chances that I will win the PNC class action lawsuit?

The chances that you will win the PNC class action lawsuit depend on a number of factors, including the strength of the evidence against PNC and the legal arguments that are made by the plaintiffs’ attorneys. However, if you are a member of the class, it is important to contact an attorney to learn more about your rights and options.

Conclusion

If you are a member of the class in the PNC class action lawsuit, you may be able to recover damages. To learn more about your rights and options, you should contact an attorney who specializes in class action lawsuits.

References:

• Class Action Lawsuit Filed Against PNC Bank on Behalf of Vehicle Owners: https://www.theintelligencer.com/news/article/allegedly-defrauded-vehicle-owners-file-suit-pnc-18208996.php
• PNC Faces Suit Over Insurance Fees in Car Financing Agreements: https://news.bloomberglaw.com/class-action/pnc-faces-suit-over-insurance-fees-in-car-financing-agreements