Home Web services Consumers seek $8 million in attorney fees in payday loan case

Consumers seek $8 million in attorney fees in payday loan case

By Joyce Hanson (June 14, 2022, 8:54 p.m. EDT) – Consumers who sued the owners of the now defunct payday lender Think Finance have asked a federal judge in Virginia for more than $8 million in legal fees and expenses. attorney following his preliminary approval of their $44.5 million class action settlement.

The preliminary settlement follows years of litigation in multiple jurisdictions and stems from allegations that Think Finance used businesses owned by Native American tribes as fronts to charge excessively high interest rates, according to the consumer petition Friday for $8.3 million in attorney fees as well as $20,000 in service awards to each of the 13 named plaintiffs.

“The lawyers of the group have taken this case…

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