The Money Place, LLC v. Barnes

Jim Hannah, Justice.

Appellant The Money Place, LLC, appeals a Craighead County Circuit Court order denying The Money Place’s Motion to Compel Arbitration and Stay Litigation. Dorothy Barnes filed a class-action lawsuit against The Money Place alleging usury in its payday-loan/deferred-check presentment business. The Money Place argues that its Deferred Presentment Agreement signed by Barnes requires that all claims by Barnes be arbitrated pursuant to the Federal Arbitration Act. Validity of the arbitration provision must be determined first. The arbitration provision lacks mutuality and is…