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Violation Tracker Individual Record

Company: American Web Loan Inc.
Penalty: $141,000,000
Year: 2021
Date: July 9, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Predatory Lending
Violation Description: Tribe-owned American Web Loan Inc. agreed to pay $65 million in cash and cancel $76 million in debt to settle litigation accusing it of making illegal payday loans.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Virginia
Civil or Criminal Case: civil
Case ID: 4:17cv145
Case Name: Solomon et al v. American Web Loan, Inc. et al
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.