Galvan v. CNU of Alabama, et. al. - NATIONWIDE CLASS ACTION ALLEGES CASHNETUSA CHARGED ACTIVE-DUTY MILITARY FAMILIES INTEREST RATES AS HIGH AS 579%

Varnell & Warwick, P.A. Seek Active-Duty Servicemembers and Military Spouses Who Obtained Loans from CashNetUSA

TAMPA, Fla., Oct. 28, 2026 /PRNewswire/ -- A proposed nationwide class action has been filed against CashNetUSA and its affiliated companies alleging that they violated the Military Lending Act ("MLA") by extending high-interest consumer loans to active-duty servicemembers and their dependents. The lawsuit, Galvan v. CNU of Alabama, et. al., Case No. 1:26-cv-05957 (N.D. Illinois), filed by the spouse of an active-duty United States Army Staff Sergeant, seeks relief on behalf of military families who obtained CashNetUSA loans subject to allegedly unlawful interest rates and loan terms.

The MLA provides important financial protections to active-duty members of the Armed Forces and their dependents, including a 36% Military Annual Percentage Rate ("MAPR") cap on covered consumer credit. The lawsuit alleges that CashNetUSA's loans carried MAPRs ranging from approximately 222% to 579%, depending on the loan and state.

The complaint alleges that CashNetUSA violated the MLA in several additional ways. According to the lawsuit, CashNetUSA failed to provide military borrowers with required MLA disclosures, required borrowers to provide access to their bank accounts as security for their loans, included mandatory arbitration provisions, required borrowers to waive jury-trial and class-action rights, and imposed unreasonable pre-suit notice requirements. The lawsuit alleges these violations render the affected loans void from inception and seeks damages and other relief for military borrowers.

The plaintiff alleges that she obtained a CashNetUSA loan in November 2023 while her husband was serving on active duty. CashNetUSA allegedly approved her for a $2,000 credit limit at a 229% MAPR. By June 2025, the plaintiff allegedly had taken at least seven loans and still owed $703.79 despite making thousands of dollars in payments, consisting mostly of interest.

WERE YOU OR YOUR SPOUSE ON ACTIVE DUTY WHEN YOU BORROWED FROM CASHNETUSA OR NETCREDIT?

The lawsuit seeks to represent active-duty servicemembers and their dependents or spouses who entered into covered CashNetUSA loans or NetCredit loans and made at least one payment.

Military members and spouses who obtained a CashNetUSA loan or a NetCredit loan are encouraged to contact Varnell & Warwick, P.A. to learn more about the lawsuit and their potential rights.

There is no cost or obligation to contact the firm.

CONTACT:

Varnell & Warwick, P.A.

https://vandwlaw.com/contact/

+1 352-753-8600

SOURCE Varnell & Warwick, P.A.

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