Usury Class Suit Over Loans With 36 Percent Interest Is Stayed Pending Arbitration

(September 13, 2017, 1:20 PM EDT) -- RICHMOND, Va. — A Virginia federal judge on Sept. 12 stayed a usury class complaint against a joint enterprise that issues short-term loans pursuant to an arbitration clause agreed to by borrowers and dismissed a debt-collection agency from the suit, finding that the plaintiffs failed to show sufficient harm (Tina Hunter, et al. v. NHCash.com, LLC, et al., No. 17-348, E.D. Va., 2017 U.S. Dist. LEXIS 147549)....