Payday Lenders' $8M TCPA Settlement Gets Preliminary Nod

By Suevon Lee (June 1, 2016, 10:32 PM EDT) -- A Nevada federal judge on Tuesday preliminarily approved a proposed $8 million settlement between payday lenders and a class of people contacted on their cellphones in the companies' attempts to pursue defaulting borrowers, in alleged violation of the Telephone Consumer Protection Act.

The proposed settlement could affect up to as many as 18,000 class members nationwide who were called by Clark County Collection Service LLC, Dollar Loan Center LLC and DLC Empire LLC on their cellphones between Sept. 20, 2009, and Sept. 20, 2013, as the result of having their numbers listed as "references" on credit applications.

"The court preliminarily approves...

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