Payday Loans

Big Picture Loans High Interest Rates Settlement

This settlement resolves a class action against Big Picture Loans and Red Rock Tribal Lending, which does business as Castle Payday Loans, and also resolves other cases based in Virginia, California, Oregon, Georgia, and Massachusetts. The complaint alleged that the companies violated state usury laws and the Racketeer Influenced and Corrupt Organizations (RICO) Act, made  Read more

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