Law360 (April 26, 2021, 8:56 PM EDT) — Golden State residents who received loans from defunct online lender
Think Finance can pursue class claims that they were charged illegally high-interest rates by lenders leveraging
tribal immunity, a California federal judge has found.
U.S. District Judge William H. Orrick on Friday approved borrower Kimetra Brice’s request to certify a class of
California residents who were allegedly charged interest rates that surpassed the state’s legal limits. According to
Brice, the borrowers were victims of a scheme to use tribal entities — and therefore tribal sovereign immunity —
to market and collect high-interest loans.