Class Action Administration Financial Class Action Experience
 
 

FINANCIAL & BANKING

Predatory lending, subprime lending, and payday loans are a growing segment of class action practice.  CAA is at the forefront of this developing area of law.

Below are examples of Class Action Administration's experience in this growing field.

Unless otherwise noted, these cases settled prior to trial.  The parties cooperated to achieve a mutually agreeable outcome.  The fact that a settlement was reached should not be construed as an admission of wrongdoing on the part of the defendants.

Payday Lending Cases
Reuter v. Check 'n Go of Florida, Inc.

The class included 67,000 Florida consumers who obtained payday loans from the Defendant.  Plaintiffs alleged that the fees charged should have been considered interest, and as such violated state usury statutes.  CAA provided the following services:

  • Provided Pre-Settlement Consulting
    		•
  • Designed notice & claim form
    		•
  • Printed & mailed notice and claim form
    		•
  • Processed claim forms and opt-outs
    		•
  • Processed online claims through EasyClaim
    		•
  • Answered class member inquiries
    		•
  • Performed additional research to locate class members
    		•
  • Calculated benefits
    		•
  • Disbursed benefit checks
    		•
  • Managed settlement fund
    		•

    Cardegna v. Buckeye Check Cashing, Inc.

    The class included 16,000 Florida consumers who obtained payday loans from the Defendant.  Plaintiffs alleged that the fees charged should have been considered interest, and as such violated state usury statutes.  CAA provided the following services:

  • Provided Pre-Settlement Consulting
    		•
  • Designed notice & claim form
    		•
  • Printed & mailed notice and claim form
    		•
  • Processed claim forms and opt-outs
    		•
  • Processed online claims through EasyClaim
    		•
  • Answered class member inquiries
    		•
  • Performed additional research to locate class members
    		•
  • Calculated benefits
    		•
  • Disbursed benefit checks
    		•
  • Managed settlement fund
    		•

     

    Predatory Lending Cases
    Costello v. Beneficial Montana (HSBC)

    The class consisted of 31,000 Montana consumers who alleged that the origination fees charged, and payment insurance plans offered, for their loans from the Defendant violated state law.  CAA provided the following services:

  • Provided Pre-Settlement Consulting
    		•
  • Audited Defendant's process for identifying class members
    		•
  • Designed notice and claim form
    		•
  • Developed benefit calculation methods
    		•
  • Printed & mailed notice and request for additional information
    		•
  • Processed information forms and opt-outs
    		•
  • Answered class member inquiries
    		•
  • Conducted additional research to locate class members
    		•
  • Calculated & disbursed benefits
    		•
  • Managed settlement fund
    		•

    Contact us to learn more about how CAA can assist you with your next class action settlement.

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