Tag: Racketeer Influenced and Corrupt Organizations Act

Judge Rejects Arbitration Clause In Tribal Payday Loan Class Action

October 22, 2018 by

A Washington federal judge has denied a bid by a fintech firm and a tribal corporation through which the firm ran a payday lending business to force into arbitration a suit over exorbitant interest rates, ruling that arbitration clauses in agreements borrowers signed are invalid. The judge said the unclear loan contract language seems to