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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
UPDATE 2:
- Top Class Actions viewers reported this settlement paying out up to $119.46 as of late October 2021.
- Congratulations to everyone who filed a claim and got paid!
UPDATE:
- On April 7, 2021, the Court preliminarily approved the revised American Web Loan settlement.
- The updated claim deadline for pre-2012 loans through the online lender is July 9, 2021.
A $141 million settlement has been reached to resolve claims that online lender American Web Loan violated loan interest laws.
The settlement deal benefits individuals who obtained a loan from American Web Loan between Feb. 10, 2010, and June 26, 2020.
Plaintiffs in the American Web Loan class action lawsuit claimed that the online lender violated federal law by issuing loans without the authority to do so. The lender allegedly used their status under the Otoe-Missouria Tribe of Oklahoma to issue loans with high interest rates which would otherwise be prohibited under state laws.
However, according to the plaintiffs, American Web Loan can’t skirt state interest rate laws simply because of their tribal affiliation.
“American Web Loan is not a legitimate arm of the tribe and tribal sovereign immunity does not shield American Web Loan or any other defendants from liability in connection with the unlawful online payday lending scheme,” the American Web Loan class action lawsuit argued.
The online lender hasn’t admitted any wrongdoing but has agreed to resolve the claims against them in a settlement valued at $141 million. The online lender has agreed to forgive 45,305 loans totaling $76 million and fund a $65 million cash fund.
Under the terms of the deal, Class Members will have their loans cancelled as disputed debt and adjusted to a zero balance. American Web Loan will reportedly request that Clarity Services, the applicable credit reporting agency, delete any credit reporting associated with the cancelled loans.
The settlement will also provide cash payments. Class Members who had a loan issued between Feb. 10, 2010 and Dec. 31, 2011 will receive flat payments of $20 or a proportional share of the settlement cash fund – depending on the documentation provided with their claim.
Other Class Members who had loans issued between Jan. 1, 2012 and June 26, 2020 will receive a proportionate share of the cash fund – not a full refund of paid interest.
Class Members who had loans issued between Jan. 1, 2012 and June 26, 2020 are not required to file a claim form to benefit from the settlement. However, Class Members whose loans were issued between Feb. 10, 2010 and Dec. 31, 2011 must file a valid claim form by Nov. 3, 2020 in order to benefit form the settlement.
Claim forms require Class Members to provide a copy of the loan agreement; a copy of a bank statement evidencing the receipt of an American Web Loan loan or a repayment withdrawal in connection with such loan; and/or an email from AWL indicating that a loan application was approved and that funds were being released. If more documentation is provided, payments may be higher.
The deadline for exclusion was Aug. 10, 2020 and the deadline for objection is Sept. 21, 2020. The final approval hearing for the American Web Loan class action settlement is Oct. 21, 2020.
Who’s Eligible
Individuals who obtained a loan from American Web Loan between Feb. 10, 2010 and June 26, 2020.
Potential Award
Cash payments and loan forgiveness.
Class Members will have their loans cancelled as disputed debt and adjusted to a zero balance. American Web Loan will request that Clarity Services, the applicable credit reporting agency, delete any credit reporting associated with the cancelled loans.
Class Members who had a loan issued between Feb. 10, 2010 and Dec. 31, 2011 will receive flat payments of $20 or a proportional share of the settlement cash fund – depending on the documentation provided with their claim.
Other Class Members who had loans issued between Jan. 1, 2012 and June 26, 2020 will receive a proportionate share of the cash fund – not a full refund of paid interest.
Consumers can check their eligibility for payments on the settlement’s known Class Member portal. A notice ID and the last four digits of a Class Member’s Social Security number is required to check this portal.
Proof of Purchase
A copy of the loan agreement; a copy of a bank statement evidencing the receipt of an American Web Loan loan or a repayment withdrawal in connection with such loan; and/or an email from AWL indicating that the loan application was approved and that funds were being released.
If more documentation is provided, payments may be higher.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
7/09/2021 UPDATED
Case Name
Royce Solomon, et al. v. American Web Loan Inc., et al., Case No. 4:17-cv-00145-HCM-RJK, in the U.S. District Court for the Eastern District of Virginia
Final Hearing
7/09/2021 UPDATED
Settlement Website
Claims Administrator
AWL Settlement Class Administrator
c/o A.B. Data Ltd.
P.O. Box 170500
Milwaukee, WI 53217
info@AWLsettlement.com
877-868-6825
Class Counsel
David W. Thomas
MICHIE HAMLETT
Kathleen M. Donovan-Maher
Norman Berman
Steven J. Buttacavoli
Steven L. Groopman
BERMAN TABACCO
Matthew B. Byrne
GRAVEL & SHEA PC
Defense Counsel
Thomas L. Strickland
Jonathan E. Paikin
Molly M. Jennings
WILMER CUTLER PICKERING HALE & DORR LLP
Saba Bazzazieh
Robert A. Rosette
ROSETTE LLP
Charles K. Seyfarth
Elizabeth Scott Turner
O’HAGAN MEYER
Robert M. Cary
Simon A. Latcovich
Rachel Rodman
WILLIAMS & CONNOLLY LLP
Christopher E. Ondeck
Timothy W. Mungovan
William D. Dalsen
PROSKAUER ROSE LLP
Matthew J. Fedor
FAEGRE DRINKER BIDDLE & REATH LLP
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May 17, 2024 | Legal News
659 thoughts onAmerican Web Loan Class Action Settlement
Got my email notification. The video did say you can use direct pay to bank option. There is PayPal, Venmo, digital Mastercard, etc. You have options. Just want this over with.
Nice – glad you received your email. Gives me hope I’ll get one soon!
Just wondering if anyone has received an actual payment? Supposedly payments were starting as of Friday October 8th. I received an email on Tuesday October 4th stating that about forthcoming payments and it would or should take over 1 week for all payments to be distributed. When you contact customer service, it’s a different vague reply each time.
When did they say payments would start on the 8th? The way they are drawing this out is ridiculous!
I called customer service on Friday October 8th and I was informed of payments being initiated on that date. Personally, I feel that you’ll get different info each time that you call and happend to reach someone. It’s hard to comprehend that they don’t have a database that reflects the payee’s notice ID# and date of actual payment and amount. They basically want us to believe that there’s no structure in how the disbursements will commence.
If you watch the video regarding payment linked to in the email you will see Venmo and PayPal in the list so you can probably use those options as well.
I was scared to click on the video but if you could do it thru paypal it would be great
The money is on its way email says no PayPal or venmo available. I got my email today but not the your cash has arrived one.
Odd my email did not say that
Erin, mine does not say no Paypal or Venmo. It says “receive your payment through a number of digital platforms including a Virtual Mastercard debit card, Amazon, and Target.” It doesn’t say anything about exclusions.
Sorry it was the email I sent to the admin to see a time line. Here is the response :
The payment process has been initiated. The digital payments are being sent to eligible class members by email on a rolling basis over a number of weeks continuing through the end of October. Once you receive the email you will be able to immediately choose your payment option and instantaneously receive payment. We unfortunately do not know the order of the payments or specifically when each eligible class member will receive their individual payment. Please monitor your email inbox and if you do not receive your payment email by the end of October please contact us here and we can assist.
A digital payment is the easiest and quickest option to receive your money; such examples of digital pay would be Amazon Gift card, Target Gift card, or Virtual Mastercard Debit card; PayPal or direct deposit into your bank account is not an option.
The virtual debit card option you can move the money to your Apple or Google Wallet.
Thank you
Claims Administrator
Thanks, PayPal would be nice but the video showed other options so maybe we can still do Venmo or Cashapp. I guess we will wait and see. Thanks for clarifying! :)
I got the email today that says the payment is approved & coming soon. Has anyone got the email yet to actually claim it?
I received email about payment coming, but didn’t get second email yet with the amount receiving.
I still haven’t received an email about anything at all.
Who does the email come from? I still haven’t received anything.
From info@mail.awlsettlement.com with subject line AWL Settlement: Your Payment Is Coming Soon
They said we will get the payment within 5 days. I received the email this past Friday. I should be able to collect this Friday.
So weird, I wonder if they are sending out more than one version of email… mine says “To ensure deliverability of distribution emails, it may take more than a week for all initial distribution payments to be issued.”
I still have not received any email!
I just received the email but it was in my spam mail why would it go there when i received the first one in my regular mail and also it looks kind of fishy all im saying is becarefull people what law firms pay settlements whit amazon gift cards or visa cards just saying investigate this more before clicking on any email just saying
Was it payment meant email or just notice of future payment?
I received my email today, but it said I could get a Target Gift Card?
Still no email. Owed $66. Don’t know why this is so difficult.
Got an email but when I go to the portal to check payment it says I need an ID. This is the first and only email received so what is this ID they’re talking about?
You should have gotten a email back in April towards the end, it has it on there.
I’m with you! I don’t have a member or notice ID, as far as I know. I don’t want to get my hopes up that I’m getting a significant payment! It will
Probably be $10 :(
If you send them an email requesting your ID number they will send it to you. I did that and they replied quite quickly.
Did you email them at info@mail.awlsettlement.com? I tried but it was “undeliverable” and they did not provide a notice id in the email the sent (from that address)
No payment yet and I received my notice of payment coming soon on October 4th.
I received my email today, hooray I’m about to get a whopping $92.33 ??♀️
On the portal it said I would receive an approximate of 1172.00 however, the representative of the law firm said I may or may not receive that amount. I also read over the court documents and i didn’t notice a digital payment in it at all, is that legal to offer digital instead of money, which we paid to the loan company
Mine said a digital payment as well. I paid over 3,000 in interest..sounds hoaky to me.
Your Settlement Payment Is Coming Soon
Dear TODD HAZZARD,
You will soon be sent a distribution payment related to your share of the class action settlement from Solomon, et al. v. American Web Loan, Inc., et al. No. 4:17-cv-0145-HCM-RJK , approved by the United States District Court for the Eastern District of Virginia. To ensure deliverability of distribution emails, it may take more than a week for all initial distribution payments to be issued.
When your distribution payment is issued, you will receive an email notification from info@mail.awlsettlement.com that indicates your payment amount and allows you to instantaneously receive your payment through a number of digital platforms including a Virtual Mastercard debit card, Amazon, and Target. Your payment will be sent immediately after you redeem through email notification.
Click here for a brief tutorial that shows how fast and easy it is to receive a digital payment.
Just got the email this evening on notice of payment
Great news- hopefully I get it soon…still nothing here
Can you share what the email said
All it says is that your “settlement payment” is on the way
Thank you!
Plus some general iinstructions on how to redeem your payment
when you get there.
I haven’t
Me too.
Me too
Me too
So, today in my email I got the following data. It looks like you can choose an electronic payment option or get a virtual mastercard or gift card. So no one has to take gift cards if they doh’t want to and can still get money.
===========================
You will soon be sent a distribution payment related to your share of the class action settlement from Solomon, et al. v. American Web Loan, Inc., et al. No. 4:17-cv-0145-HCM-RJK, approved by the United States District Court for the Eastern District of Virginia. To ensure deliverability of distribution emails, it may take more than a week for all initial distribution payments to be issued.
When your distribution payment is issued, you will receive an email notification from info@mail.awlsettlement.com that indicates your payment amount and allows you to instantaneously receive your payment through a number of digital platforms including a Virtual Mastercard debit card, Amazon, and Target. Your payment will be sent immediately after you redeem through email notification.