Tribal Sovereignty Issue

Tribal Lending High Interest Rate Loans Settlement

A group of defendants are settling a class action about loans made by purportedly tribal entities, including Golden Valley, Silver Cloud, Majestic Lake, and Mountain Summit. The settling defendants include at seven tribal individuals and four non-tribal. The complaint alleged that the loans were made a higher interest rates than permitted under their respective state  Read more

Crane Finance “Rent-a-Tribe” Predatory Lending Indiana Class Action

Crane Lending, LLC does business as Crane Finance, making loans at high rates of interest. The complaint brings suit against Crane, the individual Jennifer Peters, and Wolf River Development, alleging that Crane is a predatory lender that uses a rent-a-tribe scheme to circumvent Indiana laws capping interest rates on consumer loans.  Read more

West Side Lending Predatory Rates of Interest Illinois Class Action

This Illinois predatory lending case sues West Side Lending, LLC, Jennifer Peters, Wolf River Development Company, New Platform Fund, LLC, and a group of “Does” or individuals whose names are not known. The complaint alleges that the predatory lending was done under cover of a “rent-a-tribe” scheme, but that the actual operations were performed by,  Read more

Bridge Lending “Rent-a-Tribe” High-Interest Loans Indiana Class Action

This class action involves two payday-loan-related companies purportedly owned and operated by a Native American tribe—Biboon, LLC, which does business as Bridge Lending Solutions, and LDF Holdings, LLC. The complaint alleges that these actually represent “rent-a-tribe” business arrangements intended to circumvent Indiana usury laws.  Read more

ZocaLoans “Rent-a-Tribe” Predatory Lending Scheme Illinois Class Action

The primary defendant in this class action is Rosebud Lending LZO, doing business as ZocaLoans, which is supposedly an entity of the Rosebud Sioux Tribe that lends money. But the complaint alleges that it is part of a rent-a-tribe scheme, in which predatory lenders 777 Partners, LLC, Tactical Marketing Partners, LLC, and others engage in  Read more

Restatis Eye Drops Antitrust Settlement

Allergan, Inc. is paying a penny less than $30 million to settle a class action alleging it schemed to retain a monopoly on its eye drop drug Restatis, and to keep consumers paying higher prices than necessary for it. The complaint alleged that it tried to keep generic versions off the market, submitted and obtained  Read more

Spotloan Loans Excessive Interest Rate Settlement

BlueChip Financial, ZestFinance, Inc., and Douglas Merrill are settling class actions involving loans made by BlueChip, which does business as Spotloan. The complaint alleged that the loans were made (a) at interest rates greater than those permitted by state laws, or (b) by lenders who did not have a license to lend, and that the  Read more

BlueChip Financial “Rent-a-Tribe” Scheme Connecticut Class Action

This class action takes on the payday lending entity BlueChip Financial, which does business as Spotloan. However, it also brings suit against officials of the Turtle Mountain Band of Chippewa Indians, which purportedly owns BlueChip, for acting as a front for Spotloan.  Read more

MobiLoans “Rent-a-Tribe” Illegal Lending Scheme RICO Class Action

This is yet another case about the “rent-a-tribe” usurious lending scheme run primarly by Think Finance, LLC and its associates. This time, the defendant is MobiLoans, LLC and the complaint alleges violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act.  Read more

Great Plains “Tribal Sovereignty” High-Interest-Rate Loans RICO Class Action

This is the fourth complaint these same plaintiffs have filed for this “rent-a-tribe” usury scheme, each time against a different group of defendants. This time, defendants are Mark Curry, Brian McGowan, Eric Lau, and Sentinel Resources, LLC. The class action claims they have violated Racketeer Influenced and Corrupt Organizations (RICO) laws as well as Virginia’s  Read more