On Wednesday, April 26, Hennepin County District Court Judge Daniel H. Mabley issued an order granting Plaintiffs’ motion for class certification. Teske Katz Kitzer & Rochel represents a class of Minnesota consumers who took out payday loans from Payday America, Inc. between October 2, 2013 and December 31, 2016. The named plaintiff and class representative, Randy Holte, filed this lawsuit in 2015 challenging several of Payday America’s practices: (1) charging fees on payday loans in excess of the maximum rates allowed for closed-end loans, (2) failing to properly disclose the annual percentage rate, and (3) engaging in prohibited debt collection practices.
The Court’s order granting class certification is available here.
Teske Katz Kitzer & Rochel attorneys, Vildan Teske and Marisa Katz, have been appointed Class Counsel in this litigation. Marisa Katz, who briefed and argued the motion, noted, “Today’s certification order is a critical next step in our ongoing effort to stop the predatory business practice in which this defendant lends money to Minnesota’s most cash-strapped and vulnerable consumers.”
Teske Katz Kitzer & Rochel looks forward to its continued role in advocating for consumer lender compliance under the law and marketplace fairness.