Published
January 21, 2025
Updated
July 29, 2026
The LDF lending settlement cancelled covered online-loan balances and provided automatic cash payments; the administrator announced a second distribution for June 2026.
Current Status
The court granted final approval on December 17, 2024, and the settlement became effective January 16, 2025. The administrator sent the first cash distribution in March 2025 and announced a second distribution for June 2026 to members whose first payments succeeded.StatusDebt Cancelled — Second Cash Distribution Sent
Claim DeadlineNo claim form required
BenefitAutomatic debt cancellation and proportional cash payments
Proof RequiredCalculated from lender and payment records
What Is This Case About?
Plaintiffs alleged that online loans originated through 20 Lac du Flambeau-associated lending companies charged interest above state limits or were made without required licenses, making the loans unlawful or unfair. The defendants and released parties denied the allegations.Who Was Included?
The settlement covers qualifying borrowers who obtained loans from the listed LDF lending companies between July 24, 2016 and October 1, 2023, subject to the official class exclusions.What Was the Benefit?
The agreement cancelled approximately $1.4 billion in outstanding covered loan balances and created a $37.35 million fund for automatic proportional cash payments based on applicable state law and amounts borrowers paid.Official Information
Review the latest notices and documents on the official Consumer Loan Settlement.com.
Settlement Amount
$37,350,000 cash fund plus approximately $1.4 billion in debt cancellation
Case Title
Fitzgerald v. Wildcat
Case Number
3:20-cv-00044-NKM-JCH
Court
U.S. District Court, Western District of Virginia
Final Approval Hearing
Final approval granted December 17, 2024
Official Website
Consumer Loan Settlement.com
For more class actions, recalls, and refunds, keep scrolling below.
