July 19, 2024
A class of borrowers has urged a Virginia federal court to approve what would be the largest settlement ever obtained in a challenge to participants in the tribal lending industry, arguing that the agreement would give significant relief to hundreds of thousands in the form of debt cancellations and cash payments.
August 21, 2023
A payday lender and leaders of a Wisconsin-based Native American tribe must face class action allegations that they violated racketeering and usury laws by issuing loans with illegally high interest rates after a Virginia federal judge struck down their bids to toss the suit or send it to arbitration.