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2013-07-03 — businessweek.com
``The U.S. Court of Appeals in San Francisco today reinstated the claims of John and Carol Schlegel, who received default notices after the bank (WFC) told them to proceed with payments under a loan-modification plan and failed to respond to their inquiry seeking an explanation.
The bank's action, the court found, constituted a revocation of credit without notice required under the Equal Credit Opportunity Act, which makes it illegal for creditors to discriminate against applicants and requires them to provide an explanation within 30 days when denying or revoking credit or changing credit terms. ''
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