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...
To view the full article, register now.




Case Information

Case Title

Gilbert v. Bank of America, N.A. et al

Case Number



California Northern

Nature of Suit

Banks and Banking


Vince Chhabria

Date Filed

March 15, 2013

Law Firms


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.