After six years of litigation, Kelly Guzzo, PLC recently obtained a $43 million dollar judgment against an individual, Matt Martorello, who was operating an illegal payday loan business. Prior to the entry of the judgment, the Court determined that the plaintiffs (who were represented by Kelly Guzzo, PLC) demonstrated that
The Milwaukee Journal Sentinel recently published an article related to high-interest loans originated through Native American tribes. This article details the experience of a woman who entered into a high-interest loan with a tribal entity, “Loan At Last” that charged 700%. Such high interest rates violate the laws of almost
The United States District Court for the Eastern District of Virginia recently granted preliminary approval of a class action settlement led by Kelly Guzzo that will grant $489 million in financial relief to consumers who took out high-interest loans. The loans were originated by Golden Valley Lending, Mountain Summit Financial,
Kelly Guzzo, PLC was part of a team of lawyers who earned a key decision that will protect borrowers from exorbitant interest rates on loans. Kelly Guzzo sued on behalf of consumers with loans issued in the names of Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial,
The Pew Charitable Trusts recently released an alarming new study on payday and title lending practices in Virginia and the associated harm caused to consumers. The study finds that hundreds of thousands of Virginia borrowers, who typically use these small loans to cover normal expenses like rent, mortgage payments,
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