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Home / Opinion Digests / Commonwealth can sue lender despite arbitration clause (access required)

Commonwealth can sue lender despite arbitration clause (access required)

The commonwealth may pursue claims on behalf of borrowers to enforce the Virginia Consumer Protection Act despite the borrowers’ signed arbitration agreements with the lender. Overview Net Credit, an internet-based lender, made loan agreements with private borrowers. The Commonwealth has sued Net Credit on behalf of the borrowers, alleging that Net Credit has “misrepresent[ed] the legality of ...