North Carolina law provides that “[u]nfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are declared unlawful.”  N.C.G.S. § 75-1.1(a).  Lawsuits under § 75-1.1 are commonly referred to as claims under the Unfair and Deceptive Trade Practices Act, or “UDTPA.” To establish a UDTPA claim,…

In Bumpers v. Community Bank of Northern Virginia, plaintiffs were borrowers who obtained mortgage loans from the defendant.  Plaintiffs alleged that they each paid loan discount fees that were “a one-time charge imposed by the lender or broker to lower the rate at which the lender or broker would otherwise offer the loan [to the…

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