Category Archives: Arbitration

Despite Criminal Usury Claim, Court Compels Arbitration

A New York resident sued an alternative small business lender for, among other counts, criminal usury related to small business financing that the resident’s business had received and that the resident had agreed to guarantee. The agreement included a provision that required that “all … Continue reading

Posted in Arbitration, Criminal Usury, New York, State Court | Comments Off on Despite Criminal Usury Claim, Court Compels Arbitration

Federal Court Finds that State Usury Laws Are Not a Fundamental Public Policy of the United States

The enforcement of a choice of law provision where a claim of usury is involved often turns on whether the interest rate set by the chosen state would violate the usury laws of the forum state. If they would, the court must determine … Continue reading

Posted in Arbitration, California, Choice-of-Law, Federal Court, Public Policy | Comments Off on Federal Court Finds that State Usury Laws Are Not a Fundamental Public Policy of the United States

Lender Successfully Compels Arbitration in Response to Usury Complaint

CashCall and its affiliates haven’t fared particularly well in their recent efforts to dismiss complaints filed against them by state regulators.  They found some success, however, in their recent efforts to dismiss a private usury action filed against them in Kentucky … Continue reading

Posted in Arbitration, Civil Usury, Federal Court, Kentucky | Comments Off on Lender Successfully Compels Arbitration in Response to Usury Complaint