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Home / Opinion Digests / Payday lender settles class action suit (access required)

Payday lender settles class action suit (access required)

The class – more than 576,000 individuals throughout the country who took out loans from a loan company with identical terms at unlawfully high interest rates– will share a $65 million cash payment and will receive $76 million in loan cancellation and other nonmonetary relief. Background On April 9, 2019, this court stayed the case pending appellate review ...