Calif. Federal Judge Grants Motion To Compel Arbitration In Tribal Loan Dispute

(August 15, 2023, 10:26 AM EDT) -- SAN DIEGO — Loan agreements with extremely high interest rates and arbitration provisions are not substantively or procedurally unconscionable because the two plaintiffs who took out the loans from an entity incorporated under the laws of the Rosebud Sioux Tribe failed to show that the agreements were contracts of adhesion or that their terms prospectively waived federal law protections, a California federal judge found in granting a nonsignatory company’s motion to compel arbitration....