Gibbs v. Rees and TCV – $50 million settlement

CLA represented a national class of consumers who borrowed money at what they believed were legal rates because of the lenders’ supposed alignment with American Indian Tribes. CLA and its co-counsel were successful in challenging the legality of the loans, resulting in the Defendants paying $50 million in cash to reimburse class members, voiding the illegal loans, and agreeing not to try to collect on the illegal loans.

Firm News, Updates & Insights

Cleaning Up Your Credit Report: Outdated Negative Items and the FCRA 7-Year Rule
    Consumers working to clean up their credit reports often run into the issue of outdated negative items lingering on their credit history. The federal Fair Credit Reporting Act (FCRA) – specifically 15 U.S.C. § 1681c – sets strict rules...
Mixed Credit Files: When Someone Else’s Information Gets On Your Credit Report
Imagine this scenario: You apply for a loan or credit card, confident in your responsible financial history, but you’re unexpectedly denied. Checking your credit report, you find loans and accounts you never opened listed there. You may ask yourself, “Why...
Re-Aged Debt Disputes: Fix an Incorrect Date of Delinquency Fast
Credit reports should tell an honest story about your past. Account re-aging rewrites that story by slapping a fresher “date of first delinquency” (DOFD) on an old debt so it looks brand-new. The practice keeps negative info alive beyond the...