Big Picture Loans Lawsuit Update: Bankruptcy Delays Payments
Big Picture Loans Lawsuit: Bankruptcy Delays Promised Payments The Big Picture Loans lawsuit, initially intended to resolve claims of excessively high interest rates charged to borrowers, has encountered a significant setback. A proposed $65 million settlement, designed to provide relief to affected individuals, is facing substantial delays due to the defendants' recent bankruptcy filings. This development casts doubt on whether borrowers will receive the compensation they were promised. A Settlement in Jeopardy The lawsuit addressed allegations that Big Picture Loans and Castle Payday Loans imposed unfairly high interest rates on borrowers....