$5.2M Albert Instant Settlement Ends Class Action Lawsuit Over Allegedly Illegal Payday Loan Fees

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Albert Instant has agreed to a $5.2 million settlement to resolve a class action lawsuit that claimed the company offered payday loans with illegal interest rates to active-duty military servicemembers.

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The Albert Instant class action settlement with defendants Albert Corporation and Albert Cash, LLC, received preliminary approval from the court on December 12, 2025 and covers anyone who, between December 1, 2024 and December 12, 2025, received an Albert Instant advance on which they paid an Instant Transfer Fee while they were either an active-duty servicemember or the spouse or eligible dependent of an active-duty servicemember.

The court-approved website for the Albert Instant settlement can be found at MLASettlement.com.

Albert Instant settlement class members will automatically be sent a cash payment of approximately $30 for each eligible Albert Instant transaction, the settlement website says. Settlement payouts will be delivered by check to the address Albert Instant has on file for each class member.

Related Reading: Payday Loan Class Action Lawsuits

Class members who wish to receive their payment electronically can visit this page of the class action settlement website and log in with the unique ID and PIN found in their copy of the settlement notice.

Class members who wish to update their mailing address can do so on this page, which also requires the unique ID and PIN login.

Albert Instant has also agreed, per the settlement website, to withhold transfer fees that would be assessed on instant advances to active-duty military servicemembers or their eligible dependents for a two-year period, or until September 30, 2027.

A hearing is scheduled for April 10, 2026 to determine whether the Albert Instant class action settlement will receive final approval from the court. Payments will begin to be distributed only after final approval has been granted and any appeals have been resolved.

The Albert Instant class action lawsuit alleged that the company assessed illegal transfer fees, which the plaintiffs argued were effectively interest, on payday loans to active-duty military servicemembers, in violation of the federal Military Lending Act and Truth In Lending Act, and the Georgia Payday Lending Act.

Are you owed unclaimed settlement money? Check out our class action rebates page full of open class action settlements.