Payday Loans
Great Plains, Others Excessive Interest Rates on Loans Settlement
This settlement resolves a class action against Kenneth Rees and a number of “payday loan” companies, including Sequoia, TCV, and National Credit Adjusters (NCA), for loans originating with Great Plains Lending, LLC, Plain Green, LLC, and MobiLoans, LLC. The latter three are companies supposedly owned by Indian tribes. This is a second settlement in a Read more
American Web Loan Payday Loan Settlement
This settlement resolves a class action about loans made in the name of American Web Loans (AWL) and other associated companies. The complaint alleged that AWL was not licensed to lend in any state, that it violated federal law by making loans at higher rates than allowed by state laws, did not adequately disclose the Read more
MoneyMutual Payday Loans from Unlicensed Lenders Settlement
This settlement resolves a class action claiming that MoneyMutual and other companies violated laws by promoting payday loans from unlicensed lenders. The complaint claims that the defendants in this case operated or were affiliated with certain websites used to refer borrowers to lenders, including MoneyMutual.com. It also alleges that many of the lenders promoted were Read more