Belyea v. GreenSky Inc.

The Notice is to tell you about a class action lawsuit, Belyea et al. v. GreenSky, Inc, et al., brought against GreenSky, LLC, GreenSky of Georgia, LLC, and GreenSky Holdings, LLC (successor-in-interest to GreenSky, Inc.) (collectively, “GreenSky”) on behalf of people who obtained a GreenSky® Consumer Program loan of $500 or more in California between January 9, 2016, and January 2, 2025. In a class action lawsuit, one or more people, called “class representatives,” sue on behalf of other people who have similar claims. You received the notice because you may be a member of the group of people who have similar claims, called the “class.” The notice gives you information about the case and tells you how to opt out if you don’t want to be part of it.

A Court approved the notice. Please do not contact the Court.

The Court overseeing the case is:

The Notice is an important legal document, and we recommend that you read all of it. If you have questions or need assistance, please refer to the information on this website or call toll-free 855-426-3031.

Read the notice to understand the case and to determine if you are a class member. Then, you have two options: decide if you want to stay in the case or opt out.

The deadline to ask to be excluded from the case is October 5, 2026.

This is the definition of the class that the Court has approved (subject to some additional exclusions described in the Court’s order certifying the class, including persons who obtained loans under certain GreenSky® Consumer Program loan plans, available on this website):

Excluded from the class are the Company; any affiliate, parent, or subsidiary of the Company; any entity in which the Company has a controlling interest; any officer, director, or employee of the Company; any successor or assign of the Company; anyone employed by counsel in this action; any judge to whom this case is assigned, his or her spouse, and members of the judge’s staff.

In a class action, the Court appoints class representatives and lawyers to work on the case and represent the interests of all the class members. For purposes of the case, the Court has appointed the following lawyers.

These are the lawyers who are bringing the case on your behalf. You will not be charged for their services, although their fees may be paid with the Court's approval from any settlement that is negotiated for the class.

If you want to be represented by your own lawyer, you may hire one at your own expense.

In 2020, a class action lawsuit was filed against GreenSky, a business which administers the “GreenSky® Program.” Through the GreenSky® Program, federally-insured banks offer loans to customers of participating companies (called “merchants”) that want to make financing options available to their customers, for home-improvement and maintenance projects.

The lawsuit was brought on behalf of certain consumers who obtained a loan from a bank through the GreenSky® Program for their home project. The lawsuit claims that GreenSky violates some of California’s lending, credit services, and consumer protection laws. For example, the lawsuit claims that merchants pass through to their customers a “transaction” or “merchant” fee that GreenSky charges to merchants when their customers obtain a GreenSky® Program loan. The Court has stated that, for the class to prevail, Plaintiffs must prove that this occurred in every transaction at issue; and that GreenSky will prevail as to all class members’ claims if there was at least one transaction without a pass-through.

GreenSky denies that it did anything wrong and has asserted numerous defenses. GreenSky claims it is not a lender, credit services organization, or loan broker under the California laws at issue, so the laws that the lawsuit claims GreenSky violated do not apply to it. GreenSky also claims that there is no proof merchants improperly passed GreenSky® Program transaction fees on to their customers, in part because GreenSky claims merchants are contractually prohibited from passing those fees on to their customers. GreenSky also asserts that many class members can no longer pursue their claims because of the expiration of statutes of limitations. Additionally, GreenSky has moved to compel individual arbitration of each member of the class whose loan agreement contained a provision requiring arbitration of any disputes between that class member and GreenSky. The court has not yet ruled on that motion.

The parties will continue to proceed with the litigation and prepare the case for trial, unless the two sides settle the case. This case is currently set for trial on January 5, 2027.

You have two options. You can do nothing and stay in the case, or you can opt out of the case.

If you do nothing, you will be part of the case and your rights will be affected by the outcome. You won’t be able to start, continue, or be part of any other lawsuit against GreenSky about the same alleged claims in this case. Further, if you are a class member subject to an arbitration provision in your loan agreement and if the court grants GreenSky’s motion to compel arbitration as described above, your claim against GreenSky must be resolved in an individual arbitration as outlined in your loan agreement.

If the consumers win or settle, class members may be entitled to money. If GreenSky wins, class members will receive nothing.

You can opt out. If you opt out, you will no longer be part of this lawsuit, and you will not be legally bound by anything that happens in this case. That means if the class of consumers wins or settles this case, you will receive nothing. If you opt out, you may be able to sue GreenSky for the same issues in this case in the future, but it is important that you consult an attorney promptly, as the passage of time could affect your rights.

To opt out of the case, you must complete the opt out here or submit the completed form to the address or email address below. Be sure to include your name, address, telephone number, and signature. You must opt out no later than October 5, 2026.

Be sure to include your name, address, telephone number, and signature.

You must opt out no later than October 5, 2026.

The notice summarizes the Court’s decision to allow this case to proceed as a class action. There are more details in the case documents. To obtain a copy of the case documents or get answers to your questions: