Consumers Claim $8M In Atty Fees In Case Of Payday Loans

By Joyce Hanson (June 14, 2022 at 8:54 p.m. EDT) – Consumers who have sued the owners of now-defunct payday lender Think Finance have ordered a federal judge in Virginia after their preliminary approval for more than $8 million in attorneys’ fees and -requested $44.5 million in class-action settlement costs.

The tentative settlement follows several years of litigation in multiple jurisdictions and comes on allegations that Think Finance used Native American-owned firms as a front to charge excessively high interest rates, according to consumers’ Friday filing for attorneys’ fees $8.3 million and $20,000 in service awards for each of the 13 named plaintiffs.

“The class attorney took this case on…

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