Virginia Federal Judge Denies Summary Judgment In Tribal Lending RICO Suit

(July 21, 2023, 4:22 PM EDT) -- RICHMOND, Va. — A nontribal member of a tribally owned payday lending business is not entitled to summary judgment on a class of customers’ claims of usury and unjust enrichment because Virginia has a strong public policy against usury that allows the state’s usury statute to be interpreted broadly and a reasonable jury could find that all elements of the unjust enrichment claim are satisfied, a Virginia federal judge held in denying the member’s motion for summary judgment....