Tribal Lending Deal With $86M Cash Relief Asks For Final OK

By Melissa Angell (May 27, 2021, 7:59 PM EDT) -- A proposed class of more than 600,000 borrowers urged a Virginia federal judge to grant final approval of a settlement that cancels millions of dollars of debt, doles out $86 million in cash relief and settles illegal online lending claims against tribe-owned American Web Loan Inc.

Class counsel highlighted in their Tuesday motion for final approval that unlike the initial settlement, no objections have yet been filed by any of the class members.

Counsel representing those that objected to the initial deal echoed class counsel on Tuesday, acknowledging the hundreds of millions of dollars of canceled debt and other relief the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!