Borrowers Reach $12M Deal In 3 Tribe-Linked Loan Suits

Law360 (June 24, 2019, 10:09 PM EDT) -- Consumers in three related proposed class actions accusing tribe-linked lenders of charging excessively high interest rates urged a Virginia federal court Friday to approve a $12.35 million settlement they say resolves all of their claims.

The proposed settlement, reached with lenders Great Plains Lending, Plain Green and MobiLoans, as well as Sentinel Resources, includes both debt relief and cash payments to class members. All defendants continue to deny the allegations raised by the consumers, but have agreed that a settlement is beneficial, according to the text of the agreement.

The agreement ends claims that the tribe-owned lenders, along with Sentinel and...

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Case Number

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Virginia Eastern

Nature of Suit

Racketeer/Corrupt Organization

Judge

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Date Filed

July 11, 2017


Case Title

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Case Number

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Court

Virginia Eastern

Nature of Suit

Racketeer/Corrupt Organization

Judge

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Date Filed

September 25, 2018


Case Title

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Case Number

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Court

Virginia Eastern

Nature of Suit

Racketeer/Corrupt Organization

Judge

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Date Filed

October 16, 2018

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