Payday Loan Arbitration Agreement Enforceable

By | Jan 4, 2012

Payday loan industry wins again! A binding arbitration provision that barred a Wisconsin consumer from pursuing a class-action lawsuit against a payday loan lender is enforceable. Read the article here: Cottonwood Financial Ltd. v. Estes That’s what the District III Wisconsin Court of Appeals concluded; Federal law preempts state law!

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3 Comments so far
  1. Mark January 4, 2012 1:55 am

    This is outrageous, that a court could even entertain the idea of wipping out a legally binding contract. Keep these low life losers who do not want to pay their PDL bills.

  2. best May 25, 2014 6:15 pm

    Still, I’m a lender and I’m experiencing a feeling of depression stemming from the lack of understanding of others and a feeling of total isolation.

  3. Payday Loan Industry May 28, 2014 9:15 am

    Get over it, Man! You’re helping people and doing great things. Your customers love you!!

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