The Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) continued with their advocacy on behalf of payday loan app users in the courts, filing an amicus (friend of the court) brief in the Ninth Circuit Court of Appeals to support Staff Sergeant John Revell's individual claims and on behalf of putative classes against Grant Money, LLC.
This case is yet another opportunity for courts to find that payday loan app lenders (also known as Earned Wage Access) are credit under the law and must comply with the Military Lending Act. the Truth in Lending Act, and applicable state law, just like any other lender. CRL and NCLC stand in support of active-duty military servicemembers and their dependents seeking the Military APR rate cap of 36% to which they are entitled. Likewise, the law should be applied and followed so that servicemembers are allowed their day in court, not forced into arbitration.