The orchestrator of a “rent-a-tribe” payday-loan operation must face a proposed consumer class action alleging the operation charged illegally high-interest rates after affiliating with an American Indian tribe in a bid for immunity from liability, a federal appeals court ruled.
Matt Martorello appealed from three lower court rulings that placed the lawsuit in an entirely new posture after the US Court of Appeals for the Fourth Circuit appeared to have resolved the matter in favor of him and the payday lenders.
The Fourth Circuit found in July 2019 that he and the lenders, Big Picture Loans LLC and Ascension Technologies, ...
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