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Find out what benefits you may be eligible for.

A lawsuit was brought on behalf of all individuals who obtained a loan from American Web Loan, Inc., its successor, AWL, Inc., and Clear Creek Lending (a d/b/a of American Web Loan, Inc.) (collectively “AWL”).

The lawsuit claimed, among other things, that AWL violated federal law by making loans at annual interest rates greater than what is permitted by state law, that AWL did not have a license to lend in any state, that AWL did not adequately disclose the interest rates, total finance charges, or repayment periods, and that AWL improperly conditioned its loans on the use of electronic fund transfers.

Defendants deny all allegations in the lawsuit. They maintain that AWL’s loans are legal because the interest rates and terms were authorized under the law of the Otoe-Missouria Tribe, the federally recognized Native American tribe that owns and operates AWL, and because AWL borrowers explicitly agreed that Otoe-Missouria law governs the loans. AWL and certain other Defendants further contend that they are immune from suit because AWL is an arm of the Otoe-Missouria Tribe. Defendants also contend that: borrowers agreed to arbitrate any disputes; that the loans’ interest rates and other key terms were disclosed to borrowers; and that borrowers were not required to consent to the use of electronic fund transfers to obtain AWL loans.

The Settlement provides for $141,000,000 in Total Settlement Value, comprised of $65,000,000 in cash and approximately $76,000,000.00 in cancellation of 45,305 loans as disputed debt.

As part of the proposed Settlement, borrowers who took out an AWL loan from February 10, 2010 to June 26, 2020 may be entitled to a cash payment. Certain AWL loans that are deemed to be in “collection” by AWL will be cancelled as disputed debt. In addition, AWL will request that the credit reporting bureau, Clarity Services, delete any negative credit reporting related to these loans.

If you took out your loan(s) between February 10, 2010 and December 31, 2011, you must demonstrate your eligibility for a cash recovery from the Settlement by following the procedures described in the Notice.

IMPORTANT DATES
August
10
2020

Exclusion
Deadline

September
21
2020

Objection
Deadline

October
21
2020

Final Approval
Hearing

November
3
2020

Claim Period
For Pre-2012 Loans Ends



Your Legal Rights and Options in This Settlement
FOR LOANS ISSUED FROM JANUARY 1, 2012 TO JUNE 26, 2020,

DO NOTHING
You will remain a member of the Settlement Class and may be eligible for benefits, including cash payments. You will give up rights to ever sue the Defendants and others about the legal claims that are in the lawsuit.
FOR LOANS ISSUED FROM FEBRUARY 10, 2010 TO DECEMBER 31, 2011,

SUBMIT A CLAIM FORM
If your AWL loan was taken out before January 1, 2012, you must submit a Claim Form and supporting documentation by November 3, 2020. THIS IS THE ONLY WAY TO GET A PAYMENT RELATED TO ANY LOANS TAKEN OUT BEFORE JANUARY 1, 2012.
EXCLUDE YOURSELF You can opt out of the Settlement and you will not be eligible for any benefits, including any cash payments. This is the only option that allows you to keep any rights you have to bring, or to become part of, another lawsuit involving the claims being settled. There is no guarantee that another lawsuit would be successful or would lead to a larger or better recovery than this Settlement.
OBJECT TO THE SETTLEMENT If you are a member of the Settlement Class and you do not exclude yourself, you may write to the Court about why you do not like the Settlement or why the Court should not approve it.





Find out what benefits you may be eligible for.


A lawsuit was brought on behalf of all individuals who obtained a loan from American Web Loan, Inc., its successor, AWL, Inc., and Clear Creek Lending (a d/b/a of American Web Loan, Inc.) (collectively “AWL”).

The lawsuit claimed, among other things, that AWL violated federal law by making loans at annual interest rates greater than what is permitted by state law, that AWL did not have a license to lend in any state, that AWL did not adequately disclose the interest rates, total finance charges, or repayment periods, and that AWL improperly conditioned its loans on the use of electronic fund transfers.

Defendants deny all allegations in the lawsuit. They maintain that AWL’s loans are legal because the interest rates and terms were authorized under the law of the Otoe-Missouria Tribe, the federally recognized Native American tribe that owns and operates AWL, and because AWL borrowers explicitly agreed that Otoe-Missouria law governs the loans. AWL and certain other Defendants further contend that they are immune from suit because AWL is an arm of the Otoe-Missouria Tribe. Defendants also contend that: borrowers agreed to arbitrate any disputes; that the loans’ interest rates and other key terms were disclosed to borrowers; and that borrowers were not required to consent to the use of electronic fund transfers to obtain AWL loans.

The Settlement provides for $141,000,000 in Total Settlement Value, comprised of $65,000,000 in cash and approximately $76,000,000.00 in cancellation of 45,305 loans as disputed debt.

As part of the proposed Settlement, borrowers who took out an AWL loan from February 10, 2010 to June 26, 2020 may be entitled to a cash payment. Certain AWL loans that are deemed to be in “collection” by AWL will be cancelled as disputed debt. In addition, AWL will request that the credit reporting bureau, Clarity Services, delete any negative credit reporting related to these loans.

If you took out your loan(s) between February 10, 2010 and December 31, 2011, you must demonstrate your eligibility for a cash recovery from the Settlement by following the procedures described in the Notice.

IMPORTANT DATES
August
10
2020

Exclusion
Deadline

September
21
2020

Objection
Deadline

October
21
2020

Final Approval
Hearing

November
3
2020

Claim Period
For Pre-2012 Loans Ends



Your Legal Rights and Options in This Settlement

FOR LOANS ISSUED FROM JANUARY 1, 2012 TO JUNE 26, 2020,

DO NOTHING

You will remain a member of the Settlement Class and may be eligible for benefits, including cash payments. You will give up rights to ever sue the Defendants and others about the legal claims that are in the lawsuit.


FOR LOANS ISSUED FROM FEBRUARY 10, 2010 TO DECEMBER 31, 2011,

SUBMIT A CLAIM FORM

If your AWL loan was taken out before January 1, 2012, you must submit a Claim Form and supporting documentation by November 3, 2020. THIS IS THE ONLY WAY TO GET A PAYMENT RELATED TO ANY LOANS TAKEN OUT BEFORE JANUARY 1, 2012.


EXCLUDE YOURSELF

You can opt out of the Settlement and you will not be eligible for any benefits, including any cash payments. This is the only option that allows you to keep any rights you have to bring, or to become part of, another lawsuit involving the claims being settled. There is no guarantee that another lawsuit would be successful or would lead to a larger or better recovery than this Settlement.


OBJECT TO THE SETTLEMENT

If you are a member of the Settlement Class and you do not exclude yourself, you may write to the Court about why you do not like the Settlement or why the Court should not approve it.