A student loan company accused of hiding fees in loan agreements cannot force the lead plaintiff in a putative class action into arbitration, a New York federal judge has ruled, finding the terms of the loan unconscionable. Joshua G. Fensterstock, a 2003 Hofstra University School of Law graduate and now an associate at Isaacs & Associates in Manhattan, sued the lender and a loan processing company in 2008 over terms in his student loan that he claimed would cost him thousands of unforeseen dollars.
Tags: arbitration, court bars, federal judge, hofstra university school of law, isaacs, joshua, law graduate, loan agreements, loan processing, loan terms, manhattan, plaintiff, processing company, student loan company
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