Law360, San Francisco (August 15, 2018, 9:51 PM EDT) -- Professional auto racer Scott Tucker asked the Ninth Circuit on Wednesday to reverse a $1.3 billion judgment against his payday loan companies for deceiving and overcharging customers, saying borrowers’ loan contracts included all necessary information and calling the Federal Trade Commission’s claim they hid unfavorable terms “a red herring.”
In October 2016, U.S. District Court Judge Gloria Navarro found a number of payday loan companies associated with Native American tribes and controlled by Tucker had deceived and overcharged customers in violation of the Federal Trade Commission Act and the Truth in Lending Act with Tucker's full knowledge. The court ordered he...
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