May 27, 2021
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.
April 08, 2021
A Virginia federal judge has given an early green light to a revised $182 million deal to settle illegal online lending claims against tribe-owned American Web Loan Inc. that increases cash payments to the proposed class by $21 million and cancels thousands of additional loans.
October 15, 2020
Borrowers looking to clinch a $141 million settlement of illegal lending claims against online lender American Web Loan urged a Virginia federal judge on Wednesday to press ahead with final approval of the deal, defending their request for $32.4 million in attorney fees against criticism from the state's attorney general.
April 16, 2020
Online lender American Web Loan has agreed to a settlement worth $141 million to resolve a proposed class action accusing it and others of an illegal predatory lending scheme that exploited tribal immunity, according to papers filed in Virginia federal court on Thursday.