Weeks v. Wheels Financial Group (doing business as LoanMart)

IF YOU OBTAINED AN AUTO TITLE LOAN THAT WAS SERVICED BY WHEELS FINANCIAL GROUP (DOING BUSINESS AS LOANMART) AND ISSUED ON DOCUMENTS THAT IDENTIFY CAPITAL COMMUNITY BANK BETWEEN JANUARY 1, 2020 AND NOVEMBER 15, 2020 WITH AN ORIGINAL PRINCIPAL AMOUNT BETWEEN $2,500 AND $9,999, YOU MAY BE ENTITLED TO COMPENSATION.

SETTLEMENT INFORMATION

The Lawsuit alleges that, with respect to auto title loans issued in California between January 1, 2020 and November 15, 2020 with an original principal amount between $2,500 and $9,999, inclusive, Wheels Financial Group (doing business as LoanMart) (“LoanMart”) charged interest and/or origination fees that exceeded the maximum amount allowed by California law.

WHO IS A CLASS MEMBER?

The Lawsuit is brought on behalf of a Class defined as follows:

All individuals in California who, between January 1, 2020 and November 15, 2020, obtained an auto title loan that was serviced by LoanMart and issued on documents that identify Capital Community Bank (“CCBank”) as the lender, with an original principal loan amount between $2,500 and $9,999, inclusive. Excluded from the Class are all employees of Defendant, all employees of Plaintiff’s counsel, and the judicial officers to whom this action is assigned.

Each individual within the foregoing Class definition is referred to as a “Class Member.”

YOUR LEGAL RIGHTS AND OPTIONS

DO NOTHING	If you do nothing, you will be deemed to be a Participating Class Member and, if the Settlement is given final court approval and becomes effective, you will be entitled to a settlement payment in accordance with the terms of the Settlement.
Request To Be Excluded From the Settlement by April 24, 2023	Any Class Member who wishes to be excluded from the Settlement must complete and sign an Exclusion Form and return it the Settlement Administrator no later than April 24, 2023. Those Class Members who submit timely Exclusion Forms will be referred to as “Excluded Class Members.” Excluded Class Members will not receive any consideration under the Settlement and will not be bound by any provision of the Settlement. A judgment in the action will bind all Class Members who do not timely request exclusion. For more information, please review the Court Documents here.
Object to the Settlement by April 24, 2023	Any Class Member who wishes to object to the Settlement must complete and sign an Objection Form and return it to the Settlement Administrator no later than April 24, 2023. If you submit an Objection and the Court approves the Settlement, you will be entitled to receive a payment in accordance with the terms of the Settlement and you will be bound by any judgment entered by the Court. For more information, please review the Court Documents here.

IMPORTANT DATES

The important dates below reflect deadlines in connection with this case. Be sure to review these dates and please take any appropriate steps necessary before they pass.

COURT DOCUMENTS

CONTACT US