Bright Lending Agrees to $15 Million Class Action Settlement Over Claims It Issued Loans With Interest Rates That Violated State Laws

Bright Lending agreed to a $15 million class action settlement to resolve claims it issued loans with interest rates that violated Illinois and other state usury laws.

The Bright Lending settlement benefits two classes of borrowers, namely a monetary relief class and a debt relief class.

The monetary relief class is made up of U.S. residents who entered into at least one loan agreement with Bright Lending between Oct. 1, 2020, and June 4, 2026, and who paid back at least one loan in full. This class excludes residents of Nevada and Utah.

Read more at Top Class Actions