Money Mutual, Montel Williams Aim To Duck Payday Loan Suit

Law360, Los Angeles (December 10, 2013, 3:40 PM EST) -- Payday lending network Money Mutual and talk-show host Montel Williams on Monday asked a California federal judge to toss a putative class action alleging they lured borrowers into illegal loan agreements, arguing that Money Mutual was not responsible for the actions of individual lenders.

Money Mutual, which runs a website that connects borrowers with lenders, filed a motion to dismiss claims that it was not licensed under California law and that it directed borrowers to unlicensed lenders whose loans violated California’s Deferred Deposit Transaction law. Any...
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