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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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Customized Silicone Wristbands, Pin Buttons Class Action Settlement
659 thoughts onAmerican Web Loan Class Action Settlement
Got email Oct. 7, 21 still no payment.
Oct 7th email funds comming soon just got virtual payment today 10/22 at 1pm eastern time.
I got my payment is coming email on 10\08 but so far nothing.
I received my email payment coming soon on 10/08/21 and still no funds. Adrianna was the lucky one.
Got mine on Oct 7, still no money
Nothing yet
Received email on Oct 6 . Still no money
I got the email payment coming soon on 10/5 and received my payment on 10/21. Be aware that the virtual debit mastercard can only be used to make purchases. Even if you request a physical card from the issuer, you can’t withdraw cash. I spoke to customer service handling the claims, they were informed differently. Hopefully when your payment comes in, you get an option of PayPal, my payment options were only virtual debit mastercard, targert and amazon.
How long did it take you to receive the virtual MasterCard?
I just received the payment, opted for virtual MasterCard…but it says processes in 24-48hrs…still waiting! Just hope it actually shows up in my email
How about a poll. If you have received the email to claim your payment reply “yes”. Also indicate how long between the coming soon email & the payment email. It seems very few have actually been paid yet from this group.
I have not received an e mail Can someone let me know who sends out the e mail is it AWL that sends it out.
There are two email addresses. If you want to get your ID# you can snail then at this one.
info@awlsettlement.com
When they send you notice that your payment is on the way, it’ll come from this address
info@mail.awlsettlement.com
Where is my $66? This is not rocket science. Lets go.
Has anyone accepted there payment and if so is there a check option??
i accepted my payment & chose the master card option & added it to my apple wallet.
Adrina:
Was your payment as much as expected? I’ve heard some are way less than anticipated from the portal online.
i was told i was getting back $120 & i got $98.
Hi Adriana,
I don’t mean to repeat the question but I’m just curious to know if there’s some timeline from when you received the payment coming soon email to when you actually received email for payment. I don’t know if it’s random or if they are starting off from the lower amounts to higher ones. Your response is much appreciated. Thanks!
i got the “payment coming soon” email 10/10/21 & the “payment is ready” email yesterday 10/21/21 :)
there’s no check option
There is a check option depending on your return amount but they won’t be issued until after all digital payment go out. You can email them once you get your email about payment ready.
this is not cool, only way you can get cash is if you do a check option. the digital mastercard is only for purchases and even if you request a plastic card, it will not work at the ATM. I got this info from the company who issues the virtual mastercard. what a bad deal.
If you have a pay pal offer as I have you can then transfer to your bank
Hey, Jillian don’t worry, I agree with you. It doesn’t hurt to have someone close check it out. Even if it’d just to help. Let us know if there is anything interesting.
Sorry. I’ve read a couple other people’s stories on here and it seems they prey can prey upon anyone. Teens, adults, doesn’t matter. I may not have been a kid when I got affected by this scam. But seeing some people comment that we shouldn’t have taken the loan to begin with are obnoxious and don’t know what they are talking about. Like why are you even here, your obviously not p*ss*d at the company like you should be. It sounds like some people won’t be able to recover because of what happened. I think we all had one good reason or another for why we needed some money for help. Soif I’m taking It a bit far by having a close legal counsel help me because I think the ones handling this case are handling this one badly it sounds then yes I’ll deal with it. If it’s nothing and we are just commenting bull***t then I’ll leave it be. But I don’t know who’s handling our stuff. This is some people’s life savings that got taken. I’m gonna help fight for them too. As I said I’ll let you know what I know in a few days. Maybe by then we will all have our money and it will be nothing.
For the people complaining about my legal counsel. I took out my loan 5-6 years ago and payed back $2000-3000 on top of what borrowed from awl. I never said we were broke or whatever. Actually I signed up for a few loans to put down for a car and awl was first and faster to say yes. But they were scammy that’s why I was accepted so easily. I never told my family until after it went to court. They have been in lawsuits before since they owened a resteraunt they were forced to change things. Yet awl can keep giving out bad loans with bad interest rates and were wandering why they couldn’t pay even close to a real amount but they can keep making loans. And also my parents lawyer won’t charge me just to look at the documents to sum them up and to reassure we are actually freaking out for nothing. He will get back to me in a few days.
It’s no one’s business what your situation is
JJ Wentworth its my money and i wanted now?
Telly let me telly you something F_CK OF?