The Big Picture Loans has got a class action and admitted to pay $65 settlements for charging excessive interest rates. Read further.
About Big Picture Loans Class Action
The class action lawsuit states that Castle Payday and Big Picture Loans allegedly charged high interest rates on loans that broke state and federal laws. They reportedly tried to avoid interest rate regulations by claiming tribal affiliation.
Is Big Picture Loans Denying It?
Big Picture Loans denies any wrongdoing but has admitted to pay $65 million to settle the lawsuit.
As part of the settlement, class members who qualify can receive a share of the settlement fund based on the extra interest they paid above their state’s limits during the eligible period. Payment estimates are not yet determined.
Who Is Eligible?
Persons who received a Big Picture of Castle Payday loan between June 22, 2013, and May 1, 2024.
OPTIONS IN THIS SETTLEMENT
| Details | |
|---|---|
| Potential Award | It’s differs |
| Proof of Purchase. | N/A |
| Claim Form Deadline | 08/19/2024 |
| Case Name | Galloway v. Martorello, et al., Case No. 3:19-CV-00314, in the U.S. District Court for the Eastern District of Virginia. |
| Hearing Date (Final) | 10/28/2024 |
| Settlement Website | BPLSettlement.com |
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Juliet