4th Circuit Affirms Class Certification For Tribal Lending RICO Suit

Mealey's (January 26, 2023, 1:53 PM EST) -- RICHMOND, Va. — A Virginia federal judge did not abuse his discretion in certifying a class of customers seeking to hold the operator of “rent-a-tribe” payday lending businesses liable for racketeering and violation of the commonwealth’s usury law because common issues predominate, the Fourth Circuit U.S. Court of Appeals held in the operators’ appeal of the class certification ruling....