Judge rejects jurisdictional argument, demand to throw suit over Western Sky loan’s 89 interest rate that is percent

Judge rejects jurisdictional argument, demand to throw suit over Western Sky loan’s 89 interest rate that is percent

An payday that is online provider dealing with litigation over allegations he attempted to make use of their standing as an associate of a Sioux Indian tribe to tailor loan agreement terms to skirt lending legislation will have to continue steadily to protect himself against another lawsuit brought by a client who alleges he had been charged unlawful rates of interest.

U.S. District Judge Robert W. Gettleman earlier in the day this rejected a request from Martin A. Webb, owner and operator of payday loan companies Western Sky Financial LLC and CashCall Inc., to dismiss an action Illinois resident Ben Scherr brought month.

Scherr sued over claims Webb’s businesses given him financing interest that is carrying therefore installment loans no credit check high –89 % — they went afoul of Illinois usury legislation. (more…)

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