We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Texas Justices Say Payday Lender Can Arbitrate Claims

Law360 (February 23, 2018, 8:03 PM EST) -- The Texas Supreme Court affirmed on Friday a ruling that found borrowers must arbitrate class claims alleging Cash Biz LP wrongfully used the criminal justice system to collect unpaid loans, finding the payday lender hadn’t waived arbitration by “substantially invoking the judicial process” in filing criminal complaints.

The justices unanimously found the borrowers, who face criminal charges for allegedly writing bad checks, must arbitrate their malicious prosecution lawsuit against the short-term loan lender.

The justices noted that a company must do more than just file suit...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.