McKenna v. First Horizon Home Loan Corp.
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
This interlocutory appeal requires us to explore, for the first time, the crossroads at which class-action rules intersect with the rescission provisions of the federal Truth in Lending Act (TILA), 15 U.S.C. §§ 1601-1667, and its Massachusetts counterpart, the Massachusetts Consumer Credit Cost Disclosure Act (MCCCDA), Mass. Gen. Laws ch. 140D. After careful consideration of this nuanced terrain, we conclude that the district court lacked the authority to certify a class of residential borrowers who might potentially be eligible for rescissionary relief. Consequently, we…
2Cases cited27 opinions
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
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- Palmer v. Champion MortgageCourt of Appeals for the First Circuit · 2006
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