Rilley v. MoneyMutual, LLC
Berger Montague has filed a claim on behalf of Minnesota residents who have taken out a loan arranged by MoneyMutual, LLC. Plaintiffs allege that MoneyMutual, PartnerWeekly, LLC, and Selling Source, LLC arranged illegal, high-interest online loans from unlicensed lenders for thousands of Minnesotans.
About the lawsuit
MoneyMutual advertises online and on television using celebrity spokesperson Montel Williams and the website moneymutual.com. The lawsuit alleges that MoneyMutual, PartnerWeekly, and Selling Source encourage consumers seeking a short-term loan to visit MoneyMutual’s website and submit their name, address, banking information, and other personal information. Defendants then sell this information to their network of online lenders, many of which are unlicensed and charge usurious interest and illegal fees, violating Minnesota law.
Plaintiffs are seeking monetary damages, including repayment of illegal interest and $1,000 in statutory damages per each illegal loan. Plaintiffs also seek to stop the Defendants from arranging loans with unlicensed lenders in Minnesota. The class action lawsuit is Rilley v. MoneyMutual, LLC, No. 16-cv-4001 (D. Minn.).
On August 30, 2017, Judge Donovan Frank of the U.S. District Court for the District of Minnesota denied in large part the Defendants’ motion to dismiss. The case is currently in the discovery phase. No class has yet been certified.
If you would like more information about the class action lawsuit or have taken out a loan arranged by MoneyMutual, please contact John Albanese at email@example.com or 612-594-5997.