Lenders can and should take any number of steps to prevent class action law suits. But that still may not keep them from being sued, a team of regulatory attorneys warned at the Real Estate Service Providers Council's annual meeting in Las Vegas.

"Class actions are an unfortunate reality," said Jay Varon, a litigation partner in the Washington, D.C., office of Foley & Lardner. "There must be a dozen going on right now in the broad field of consumer finance."

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