$37M Unfair Lending Practices Class Action Settlement

Unsplash | Published: August 30, 2024

Deadline: October 29, 2024

Payout: Varies

Proof required: Yes

What's the $37,350,000 LDF Lending Companies Class Action Settlement?

A $37,350,000 class action lawsuit has been settled with LDF Lending Companies, which is operated and owned by a Native American tribe called the Lac de Flambeau Band of Lake Superior Chippewa Indians. The class action lawsuit alleged that loans made by LDF Lending Companies associated with this tribe had illegally high interest rates for their customers. The class action lawsuit also made claims that these loans were made without proper licensing, violating numerous state and federal laws.

What is the Total Settlement Amount?

The total settlement amount includes $37.35 million in cash payments and approximately $1.4 billion in debt cancellation for outstanding loans.

How Do I Qualify to Get Paid?

To qualify for a payout, you must have obtained a loan from one of the listed LDF Lending Companies between July 24, 2016, and October 1, 2023.

The amount you can get paid depends on what you paid in principal or interest above your state's legal limits, as well as the total amount available in the settlement fund. You will receive a proportionate share of the recovery.

Where Do I File a Claim?

You do not need to file a claim. If you are eligible, you may receive a check if the settlement is approved. You may have already received a notice if you are part of the class action settlement. No proof is stated as required to file a claim on the official class action settlement website, as eligible class members may receive payments automatically if the settlement is approved. You can, however, update your address if you have had a change of address recently. The deadlines for the class action objections or opting out of the settlement are October 29, 2024.

How Do I Qualify For a Payout?

If you obtained a loan from any of the following companies, you may be able to receive loan forgiveness and a cash payment from the Consumer Loan settlement:

• Lendgreen
• LendUMo
• Zfunds
• Makwa Financial
• Brightstar Cash
• National Small Loan
• Bear Claw Lending
• Sky Trail Cash
• Loan at Last
• Nine Torches
• Bridge Lending Solutions
• Lakeshore Loans
• UbiCash
• Cash Aisle
• MitigCapital
• Avail Blue
• Evergreen Services
• Blue River Lending
• Quick Help Loans (Greenline)
• Radiant Cash

How Do I Find Class Action Settlements?

Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

The amount you can get paid may depend on what you paid in principal and/or interest above your state's legal limits, as well as the total amount available in the settlement fund. You will receive a proportionate share of the recovery

Claim Form Website: ConsumerLoanSettlement.com

Update Your Address

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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