By Caleb Symons (April 11, 2022, 9:30 p.m. EDT) – An Oklahoma tribe that paid $2 million to avoid lawsuits in a recent predatory lending case was hit with a new lawsuit Monday accusing him of to help run a separate loan company that charges exorbitant interest rates.
The putative class action lawsuit filed in federal court in Pennsylvania alleges that leaders of the Modoc Nation conspired with lending company 500FastCash to generate revenue from those interest payments while evading federal and state privacy laws. consumers.
Idell Dearry, a Philadelphia resident who filed the lawsuit, says he paid thousands of dollars in interest to 500FastCash between 2011 and 2019 after the company converted its one-time payment…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!