On October 7, the U.S. District Court for the Northern District of California denied a fintech company’s motion to compel arbitration in a putative class action. The plaintiffs, both servicemembers, allege that the company’s earned wage access (EWA) product violates the Military Lending Act (MLA), the Truth in Lending Act (TILA), and the Georgia Payday Lending Act (GPLA).

Continue Reading District Court Denies Arbitration of Service Members’ Class Action Claims Under Military Lending Act Holding That Earned Wage Access Constitutes Extension of Consumer Credit