The Virginians who led the class-action lawsuits had taken out loans charging interest rates as high as 448% on loans ranging in size from $300 to $3,000. One borrower paid
The Virginians who led the class-action lawsuits had taken out loans charging interest rates as high as 448% on loans ranging in size from $300 to $3,000. One borrower paid
A Virginia federal judge granted class certification to a group of Virginia consumers who filed suit against owners of payday lender Think Finance, alleging the company used Native American tribe-owned companies as fronts to charge excessively high interest rates.
The Ninth Circuit in a split published opinion on Thursday reversed a California federal judge's ruling that tribe-linked lenders were wrongly denied their request to arbitrate borrower claims and that an arbitrator should decide whether arbitration clauses are enforceable.
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