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Joint Case Management Statement due by 8/22/2019. Kathy Kristof, editor of SideHusl.com, is an award-winning financial journalist and the author of Investing 101. A federal court ordered this website. The standard loan repayment schedule was one payment every two weeks or 20 payments over a 10 month period of time. If there are objections or comments, the Court will consider them at that time. CFPB Lawsuit Seeks Consumer Restitution From High-cost Online Request to Delete Credit Reporting: The Tribal Officials will request that any Golden Valley, Silver Cloud, Majestic Lake or Mountain Summit loan(s) that are part of this Settlement and are reported negatively in your consumer reports be deleted from the various consumer reporting agencies. Staying in the Class also means that any Court orders pertaining to this Settlement will apply to you and legally bind you. Filed byMountain Summit Financial, Inc.. (Attachments: #1 Civil Cover Sheet)(Sanchez, Erin) (Filed on 5/16/2019) (Entered: 05/16/2019), (#13) CASE REFERRED to Magistrate Judge Robert M. Illman for Discovery. You may download a form to use hereor you may send your own letter which must include: Your Exclusion Request must be postmarked no later than September 6, 2022, to: 9. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement * Receive an approval decision in minutes. Summit on Aug. 4 sued two lender groups, Summit Village Development Lender 1 and Grand Canyon Development Holdings 3, in U.S. District Court in Salt Lake City, alleging they failed to deliver on a . Mountain Summit Financial Small Business Loans: 2023 Review - Bank Standard Last year, CFPB returned $39 million to consumers wronged by unlawful debt collection practices and additionally collected $20 million in civil penalties. or have questions about the content, The latest lawsuit, filed last week, alleges that four web sites Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial and Majestic Lake Financial set up in the. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. v. Scott Asner, et al., Case No. But you are welcome to come at your own expense. The Consumer Financial Protection Bureau ("CFPB") filed a lawsuit against online lenders Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and. If the Court approves the Settlement, the benefitswill happen automatically. You will only get a proportionate share of the recovery (because the total in settlement funds available likely will not be enough to pay everyone the full amount paid on their loan). Majestic Lake Financial You can change these settings at any time. No notifications, phone calls or emails saying that the process wasnt working. settlement administrator or your attorney for any updates regarding As such, the firms: We allege that these companies made deceptive demands and illegally took money from peoples bank accounts. (msrS, COURT STAFF) (Filed on 5/17/2019) (Entered: 05/17/2019), (#4) Initial Case Management Scheduling Order with ADR Deadlines: Case Management Statement due by 8/13/2019.