"January 24, 2025" Archives

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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans) and…

Trade groups support reintroduced small business tax deduction bill

Rep. Lloyd Smucker (R-Pa.) has reintroduced a bill in the House of Representatives seeking to make permanent a tax code amendment allowing for a 20% deduction of qualified income for pass-through businesses, a provision of the 2017 Tax Cuts and Jobs Act (TCJA) that is scheduled to expire at the end of this year without…

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