Mercury Financial $5.75M Maryland Loan Settlement
Maryland residents who held a First Bank & Trust credit card serviced by Mercury Financial from August 2018 to the present could pocket an estimated $65–$100 each from a newly-approved $5.75 million class action settlement. No claim form is required—payments will be mailed automatically—so eligible consumers should simply ensure the settlement administrator has their current address.
Download Claim Form (PDF)Who qualifies?
You are likely a class member if:
- You are a current or former Maryland resident; and
- You had a credit card account issued by First Bank & Trust, SD (FB&T); and
- Mercury Financial LLC serviced that account on or after August 2018; and
- You made at least one payment on the account.
Only one payment will be issued per account, even if there are co-borrowers.
How much can you get?
- Total settlement fund: $5,750,000
- Estimated individual payout: $65
- Potential maximum if fewer people cash checks: up to $100
The final amount depends on how many of the roughly 60,000 eligible Marylanders remain in the pool after exclusions.
No claim form needed
Because payment records already identify class members, no action is required. Checks will be mailed automatically about 30 days after the court grants final approval and any appeals are resolved.
If your mailing address has changed, promptly update it with the settlement administrator:
Mercury (Maryland) Settlementc/o Strategic Claims Services
P.O. Box 230, 600 N. Jackson St., Suite 205
Media, PA 19063
Phone: 866-274-4004
Key dates
- Exclusion (opt-out) deadline: October 9, 2025
- Fairness hearing: November 5, 2025
- Estimated payment mailing: ~30 days after final approval & any appeals
Why is there a settlement?
The lawsuit alleged Mercury Financial issued or serviced personal loans under $25,000 in Maryland without the license required by the state’s Consumer Loan Law, rendering those loans void and unenforceable. Mercury denies wrongdoing but agreed to settle to avoid further litigation expense and uncertainty.
Breakdown of the $5.75 million fund
- Attorneys’ fees (requested): $1,916,666.67
- Administration costs: amount to be determined
- Class representative award: $15,000 (paid separately)
- Remainder divided equally among eligible class members
- Uncashed funds donated sequentially to: Economic Action Maryland, Maryland Legal Aid Bureau, National Consumer Law Center, and University of Maryland Francis King Carey School of Law
Frequently Asked Questions about the Mercury Financial $5.75M Maryland Loan Settlement
Do I need to submit a claim?
No. Payments will be issued automatically using existing account records.
How will I receive my money?
A paper check will be mailed to your last known address on file with Mercury Financial. Deposit or cash it promptly—uncashed checks may be voided after 90 days.
Can I opt out of the settlement?
Yes. If you wish to pursue your own lawsuit, you must mail an exclusion request postmarked by October 9, 2025.
What happens if I do nothing?
You will remain in the class, receive any payment due, and give up the right to sue Mercury Financial over the claims resolved by this settlement.
Where can I read the official documents?
Visit the official settlement website or review these filings: