MaxLend “Rent-a-Tribe” Payday Loans Illinois Complaint

January 6, 2022

Are lenders allowed to charge nearly 700% in interest? Not under Illinois state laws. But two entities—Makes Cents, Inc. and Uetsa Tsakits, Inc. (UTI)—who make such loans through the website www.MaxLend.com, purport to be owned by the Mandan, Hidatsa, and Ankara Nation, and to therefore be entitled to tribal sovereignty and tribal immunity. The complaint for this class action alleges that this is merely a “rent-a-tribe scheme” where a Native American tribe is a front for non-Native American individuals and entities to make predatory loans.

Case Event File: MaxLend “Rent-a-Tribe” Payday Loans Illinois Complaint

Related to: MaxLend “Rent-a-Tribe” Payday Loans Illinois Class Action