March 01, 2016
A group of borrowers who intervened in a class action against several payday lenders in order to object to a proposed settlement that later failed told a South Dakota federal court Tuesday that they wanted to withdraw from the case until negotiations towards a settlement may be revived.
February 12, 2016
A group of online payday lenders, including Native American-owned Western Sky Financial, asked a South Dakota federal judge Friday to send a pending class action back to tribal court because the borrowers who filed the suit against the companies no longer wish to pursue a settlement.
February 09, 2016
A group of plaintiff-intervenors told a South Dakota federal court Monday that more discovery is necessary in a pending class action against CashCall Inc., Native American-owned Western Sky Financial LLC and other online payday lenders after a judge nixed a proposed $7 million settlement in January.
January 11, 2016
A South Dakota federal judge on Friday rejected a proposed $7 million settlement in a suit against several tribal payday lenders over accusations of false advertising and charging exorbitant interest rates on the grounds that the proposed class didn't meet representation requirements.
December 17, 2015
Three representative borrowers in a proposed class action against a group of tribal payday lenders told a South Dakota federal judge Thursday that a fourth borrower misled the court about a "secret side deal" that she accused class counsel of negotiating at the expense of hundreds of thousands of borrowers.
December 16, 2015
A borrower in a proposed class action against tribal payday lenders objected to a draft settlement in South Dakota federal court on Tuesday, alleging her attorneys negotiated a "secret side deal" that left other borrowers in a lurch and pressured her to accept it.
November 05, 2015
Tribal payday lender Western Sky Financial LLC, its affiliates and Payday Financial LLC reached a $7 million settlement Wednesday with a proposed class of borrowers who accused them of false advertising and charging usurious interest rates in violation of various state laws.