FastBucks $964,000 New Mexico Restitution Settlement

FastBucks $964,000 New Mexico Restitution SettlementIndividuals who took out a FastBucks loan in New Mexico between 2007 and 2016 may be eligible to claim a settlement payment.FastBucks $964,000 New Mexico Restitution SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.William C. GendronEditor in ChiefPublishedSeptember 9, 2026 11:48 AMUpdatedSeptember 9, 2026Join the DiscussionNew Mexico residents who took out one or more loans through FastBucks Holding Corp. between 2007 and 2016 may be eligible to claim a cash payment from a settlement.FastBucks agreed to pay $964,000 to settle a lawsuit alleging its lending practices unlawfully harmed consumer borrowers in New Mexico. The lawsuit claimed FastBucks' business practices circumvented regulation of payday loans by increasing its use of installment loans and not allowing borrowers to pay off their loans when they were able to.Who can file a claim?Class members are individuals in New Mexico who obtained one or more loans from FastBucks between 2007 and 2016 and whom consumer loan data FastBucks provided to the State of New Mexico identifies as being adversely affected by the business practices at issue in the lawsuit.How much is the FastBucks settlement payout?Eligible class members will receive a pro rata payment from the remaining settlement fund after deductions for expenses. The final payment amount depends on the number of valid claims. The distribution calculations may also factor in the amount each borrower overpaid or was harmed based on loan-level data so some claimants may receive more or less than others depending on their individual circumstances.How to claim a settlement paymentTo receive a restitution payment, eligible class members can submit the online claim form or print and complete the PDF claim form and mail it to the settlement administrator.