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Payday loans the latest venture for Chukchansi tribe

Faced with declining casino revenues and massive IOUs, the Picayune Rancheria of the Chukchansi Indians has embarked on a new moneymaking venture -- payday loans.

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Payday Loans

2/11/2016

article Feds Arrest Heads Of Two Massive Online Payday Loan Operations
(New York) -- Back in June 2014, Consumerist showed readers what might have been the scammiest payday loan we’d ever seen. Today, federal authorities arrested the...
article Feds arrest two KC-area men in $2B payday lending enterprise
(Kansas) -- A Leawood payday lending mogul and his attorney were arrested Wednesday after being indicted on federal counts including racketeering and violations of the...
article KC payday lenders Scott Tucker and Richard Moseley Sr. indicted in federal crackdown
(Kansas) -- Two Kansas City-area payday lenders long accused of collecting outrageous interest fees now face federal charges — and demands that they forfeit to the...
article Pro Racecar Driver Scott Tucker Charged in Payday Loan Scam
(New York) -- Professional racecar driver Scott Tucker was arrested Wednesday on criminal charges accusing him of living the high life on the backs of millions of...
article Oklahoma tribe agrees to pay $48 million to avoid prosecution in payday lending scheme
(Oklahoma) -- Two companies controlled by the Miami Tribe of Oklahoma have agreed to pay $48 million to avoid federal prosecution for their involvement in a lending...
article American Indian Tribes to Congress: Respect Our Sovereignty
(Washington D.C.) -- Appearing today before a House Financial Services Committee hearing examining the treatment of American Indians by the Consumer Financial Protection...

2/10/2016

article U.S. payday lending crackdown brings race car driver's arrest
(New York) -- U.S. authorities on Wednesday launched a broad offensive against abusive online pay lenders, arresting three people tied to the industry, including a race...

2/9/2016

article Borrowers Want More Info In Payday Loan Settlement Talks
(South Dakota) -- A group of plaintiff-intervenors told a South Dakota federal court Monday that more discovery is necessary in a pending class action against CashCall...

2/3/2016

article Appeals court puts payday loan lawsuit back before judge
(Virginia) -- A federal appeals court has put a Virginia man’s lawsuit over a payday loan back before a judge. A three-judge panel of the 4th U.S. Circuit Court of...

1/27/2016

article Lac Vieux Desert Band bolsters lending business with acquisition of service firm
(Michigan) -- The Lac Vieux Desert Band of Lake Superior Chippewa Indians in Michigan has acquired a company that has provided services to its online lending operation.

1/15/2016

article Indian Country Film “An Unlikely Solution” Wins Big At Hollywood International Independent Documentary Film Awards
(Washington D.C.) -- The Native American Financial Services Association (NAFSA) on Thursday applauded the naming of An Unlikely Solution as a four-time winner at the...

12/20/2015

article Connecticut probes Oklahoma tribe’s pay-to-play loans
(Connecticut) -- An Oklahoma Indian tribe that the Connecticut Department of Banking claims runs two high-interest loan operations to take advantage of strapped urban...

12/18/2015

article Feds Investigating Consumer-Debt Expert Howard S. Dvorkin
(Washington D.C.) -- Federal authorities in Montana and Washington, D.C. are investigating Howard S. Dvorkin, a prominent advocate for consumer-debt relief, over his...
article LEGAL BLOG: Tribally Affiliated Payday Lenders Can Use Tribal Sovereign Immunity as Defense to State Administrative Proceedings, Class Actions
(Washington D.C.) -- Two recent decisions provide support for the use of tribal sovereign immunity by tribally affiliated payday lenders as a defense to both state...
press release NAFSA Condemns False CFPB Attack Against Native American Tribes
(Washington D.C.) -- Calling it an affront to Native Americans everywhere, the Native American Financial Services Association (NAFSA) today condemned a false and...

12/17/2015

article AMG Accused of Massive “Deceptive Payday Lending Scheme” By AFR
(Washington D.C.) -- Public Justice, working as counsel to Americans for Financial Reform, announced today that it has won a motion to unseal court documents showing how...
article Consumer Watchdog Targets Payday Lenders for Enforcement Actions
(Washington D.C.) -- The Consumer Financial Protection Bureau has zeroed in on problematic practices in the payday loan market with a string of enforcement actions this...

12/2/2015

article 2 plead guilty in tribal lending corruption case
(Montana) -- Two former leaders of an online lending company owned by Montana's Chippewa Cree Tribe have pleaded guilty to embezzlement and bribery charges. Neal...
article Oklahoma-Based Tribe Wins Sovereign Immunity Argument In Latest Court Proceeding
(Connecticut) -- A Connecticut judge found that an Oklahoma-based tribe that owns two payday lending companies is immune from an enforcement action by the Banking...

12/1/2015

article Oklahoma-Based Tribe Wins Sovereign Immunity Argument In Latest Court Proceeding
(Connecticut) -- A Connecticut judge found that an Oklahoma-based tribe that owns two payday lending companies is immune from an enforcement action by the Banking...

11/24/2015

article Tribe Behind Lenders Immune To Conn. Action, Judge Says [sub req]
(Connecticut) -- A Connecticut state judge ruled Monday that the tribe that owns two Native American payday lenders is immune to an administrative proceeding by the...

11/21/2015

article NAFSA Commends FDIC for Step Forward on Reversing Damage of Operation Choke Point
(Washington D.C.) -- The Native American Financial Services Association (NAFSA) today commended the Federal Deposit Insurance Corporation (FDIC) for taking steps to...

11/20/2015

article Payday Lenders Keep Evading Their Regulators. Can Anyone Stop Them?
(USA) -- Payday lenders are extremely good at what they do. They present their predatory products as the solution to financial emergencies. They seek out and find low-...

11/17/2015

article Ex-tribal lending leaders make plea deal in corruption case
(Montana) -- Two former leaders of an online lending company have made plea deals with federal prosecutors investigating corruption at Plain Green, the high-interest...

10/22/2015

article Ex-tribal lending leaders face new charges of fraud, bribery
(Montana) -- Two former leaders of an online lending company owned by Montana's Chippewa Cree Tribe have pleaded not guilty to new criminal charges that accuse them...

10/21/2015

article Ex-tribal lending leaders face new charges of fraud, bribery
(Montana) -- Two former leaders of an online lending company owned by Montana's Chippewa Cree Tribe have pleaded not guilty to new criminal charges that accuse them...

10/13/2015

article Penn. fights sovereign immunity defense for tribal-linked lender
(Pennsylvania) -- Texas-based lender Think Finance should not be allowed to use "rent-a-tribe" partnerships with American Indians to gain protected legal...

10/2/2015

article Payday lending probe targets Montco businessman: records
(Pennsylvania) -- A Montgomery County businessman and a member of an indigenous group in Canada are the targets of a U.S. investigation involving the payday lending...
article U.S. payday lending probe targets Philadelphia-area businessman: records
(Pennsylvania) -- A Philadelphia-area businessman and a member of an indigenous group in Canada are the targets of a U.S. investigation involving the payday lending...

9/28/2015

article Unlicensed title lenders defy state laws
(Detroit) -- Two lenders offering loans that charge consumers exorbitant, triple-digit interest rates to borrow against their cars are operating in defiance of state law...

9/14/2015

article 'Payday' lender's civil-rights suit tossed
(Oklahoma) -- An Oklahoma federal judge has dismissed a civil-rights-violation lawsuit from a tribe and its tribal chief against Connecticut bank regulators, citing...
article EDITORIAL: Out-Of-State Tribal Loan Sharking Shouldn't Fly In CT
(Connecticut) -- The government-to-government relationships between Indian tribes and states are sometimes delicate and nuanced, a balance of sovereign powers. But when...

9/9/2015

article DC Accuses CashCall Of Preying On Debtors With High Rates [sub req]
(Washington D.C.) -- The District of Columbia has accused CashCall Inc. in superior court of gouging consumers with exorbitant interest rates often exceeding 300 percent...
article Embezzlement trial set for former tribal lending executives
(Montana) -- A judge has scheduled a trial next month for two former executives of an online lending company owned by the Chippewa Cree Tribe. Neal Rosette and Billi...

9/8/2015

article Federal judge dismisses tribal chairman's lawsuit against banking regulators
(Oklahoma) -- A federal judge has dismissed the a civil rights lawsuit filed by the chairman of the Red Rock-based Otoe-Missouria Tribe against banking regulators in...

9/1/2015

article More executives targeted in Chippewa Cree Tribe criminal probe
(Nevada) -- Executives of a firm that once worked with the Chippewa Cree Tribe of Montana are facing a criminal probe, the Associated Press reports. Zachary Roberts,...
article Business Court Enjoins Enforcement Of High Interest Rate Loans Made By American Indian-Related Business
(North Carolina) -- Judge Gale's opinion last week in Western Sky in State v. Western Sky Financial, LLC, 2015 NCBC 84 has a little bit of everything in it: choice...
article NC Court Clamps Down On Native-Owned Payday Lender
(North Carolina) -- North Carolina’s attorney general said Tuesday that the state will keep fighting online consumer finance company Western Sky Financial LLC and others...

8/31/2015

article Payday lender blocked from doing business in North Carolina
(North Carolina) -- The N.C. Business Court has blocked online lender Western Sky Financial L.L.C. and several of its affiliates from doing business in the state, saying...

8/30/2015

article Criminal probe into tribal lender includes Nevada partners
(Montana) -- A federal criminal investigation into the former leaders of the Chippewa Cree Tribe’s online lending operations now includes a Nevada company the...

8/28/2015

article Criminal probe into tribal lender includes Nevada partners
(Montana) -- A federal criminal investigation into the former leaders of the Chippewa Cree Tribe’s online lending operations now includes a Nevada company the...

8/26/2015

article Former executives charged with theft from Chippewa Cree Tribe
(Montana) -- Two former executives of an online lending firm that was created by the Chippewa Cree Tribe of Montana have been charged in federal court. Neal Rosette and...

8/25/2015

article Former tribal lending executives charged with embezzlement
(Montana) -- Two former executives of an online lending company owned by the Chippewa Cree Tribe embezzled more than $55,000 by funneling the money through the company...

8/24/2015

article Judge rejects bid to move payday loan case to tribal court
(USA) -- Illinois borrowers pursuing a proposed class action against a payday loan debt collector do not have to arbitrate their dispute before a Native American tribal...

8/14/2015

article Loan Wars: Indian Mortgage Program Pushes Back Against Criticism
(Washington D.C.) -- A federal Inspector General’s office has rapped a popular American Indian mortgage program, alleging lax underwriting. But the guarantor of...

8/6/2015

article Payday Lender Blocked Access To Customer Accounts, Lawsuit Claims
(Montana) -- Online payday lender Plain Green allegedly blocked borrowers from accessing their accounts or viewing their loan documentation, leaving borrowers unsure of...

8/5/2015

article New Project Seeks To Unmask Shadowy Payday Lenders
(Washington D.C.) -- A new project seeking to expose some of the most secretive special interests in American politics launched on Wednesday. Its first targets: payday...

8/4/2015

article Lawsuit goes after Texas backers of tribal lending operation
(Montana) -- Two Vermont women suing over the online lending practices of a company owned by a Montana Native American tribe are now going after the company's Texas...

8/3/2015

article Florida court dissolves injunction in Indian online lender case
(Florida) -- An appeals court on Florida lifted an injunction affecting an Internet loan firm that was operated by a member of the Cheyenne River Sioux Tribe of South...

7/27/2015

article Racecar driver, U.S. agency in settlement talks over payday lending
(Las Vegas) -- A professional racecar driver is in talks to settle a U.S. regulator's lawsuit accusing him of participating in a deceptive payday lending scheme, as...

7/24/2015

article Otoe-Missouria Tribe rallies against pending litigation
(Oklahoma) -- A group of Otoe-Missouria tribal members gather to face the heat together. Every stride they take in a march around their tribal complex grounds is a...

7/20/2015

article Tribal lenders praise Treasury Department study of industry
(Washington D.C.) -- The Native American Financial Services Association is welcoming the chance to influence a new study of the online lending industry.

7/15/2015

article Lending company officers claim tribal immunity from lawsuits
(Montana) -- Three leaders of an online lending company owned by Montana's Chippewa Cree Tribe are claiming tribal immunity in asking a Vermont judge to dismiss a...

7/7/2015

article DOJ Targets Payday Lender Using RICO
(Washington D.C.) -- On June 22, 2015, the US Attorney’s office for the Eastern District of Pennsylvania filed an information charging Adrian Rubin of Jenkintown,...

6/30/2015

article Is Sovereign Immunity For Tribal Payday Lending Coming To An End?
(Washington D.C.) -- Short-term loans, known colloquially as payday lending, never fails to elicit a big response — if not always a consistent one. Foes of the...

6/29/2015

article Outlawed By The States, Payday Lenders Take Refuge On Reservations
(USA) -- Ken Rees had a problem. For years, his company, Think Cash, had made millions of dollars by offering poor Americans quick access to money when they needed to...

6/28/2015

article US authorities in crackdown on “rent-a-tribe” payday lenders
(Pennsylvania) -- Authorities in the US are stepping up a fight against “rent-a-tribe” payday lenders, which set up on Indian reservations to skirt state...

6/23/2015

article Jenkintown man charged in payday lending operation
(Pennsylvania) -- A man has been charged with racketeering for allegedly operating a “payday lending” business that violated state usury laws by charging...

6/22/2015

article Montco man charged in illegal payday loan scheme
(Pennsylvania) -- A Montgomery County man was charged in a racketeering conspiracy for allegedly operating an illegal payday lending business,

5/19/2015

article MOTLEY FOOL: Western Sky Loans Are No More, but We Can All Learn a Valuable Lesson
(New York) -- Western Sky Financial was a lending company that charged exorbitant fees and interest rates on loans, and ceased operations in 2013. Although the company...

5/17/2015

article 2 Vermont women sue over tribe’s online lending practices
(Montana) -- Two Vermont women are trying to open a class-action lawsuit that, if successful, could upend the practice of online lending companies using Native American...

5/15/2015

article 2 Vermont Women Sue Over Tribe's Online Lending Practices
(Vermont) -- Two Vermont women are trying to open a class-action lawsuit that, if successful, could upend the practice of online lending companies using Native American...
article Tribally owned lender sued for predatory loan practices
(Montana) -- Plain Green LLC, a payday lending business wholly owned by Montana's Chippewa Cree Tribe, is the focus of a class-action lawsuit claiming the online...

5/6/2015

article CT House passes online financial protections
(Connecticut) -- The state House of Representatives unanimously approved legislation Wednesday that would broaden consumer protections against online financial threats...
article OP/ED: Establish payday loan regulations on factual basis
(Alabama) -- When talking about an issue as divisive as payday lending, it's easy for emotion and rhetoric to get in the way of the facts. Opponents of the payday...

4/29/2015

article COLUMN: Connecticut Should Leave Tribes and Consumers Alone When It Comes to Credit
(Washington D.C.) -- There’s been a dust-up in Connecticut recently over the state’s attempt to forestall a Native American tribe’s right to conduct...
article Supreme Court won't review case involving Indian online lender
(Washington D.C.) -- The U.S. Supreme Court on Monday denied a petition in Western Sky v. Jackson, a case involving an online lender in Indian Country. Martin A. Webb, a...

4/28/2015

article Connecticut’s Governor Tried To Crack Down On Predatory Lending And Got Accused Of Being Racist
(Connecticut) -- As federal officials attempt to thread the needle between restricting predatory lending and ensuring that emergency loans remain available to America...

4/15/2015

article Connecticut Tribes Join State Leaders In Fighting Unlicensed Payday Lending By Oklahoma Tribe
(Connecticut) -- The fight against payday lenders operating through affiliation with Native American tribes to skirt Connecticut law escalated this week as leaders of...

4/14/2015

article Connecticut Condemns Tribal Payday Lending Campaign
(Connecticut) -- Governor Dannel Malloy has struck back at a marketing campaign mounted by supporters of an Oklahoma Indian tribe after controversy over payday loans...
article Connecticut tribes side with state in payday loan dispute
(Connecticut) -- Connecticut's two federally recognized Indian tribes sided Monday with the state in a dispute with an Oklahoma-based tribe and its Internet payday loan...
article Legislation targets tribal lenders, not tribal members
(Connecticut) -- Lawmakers said Monday they’ve proposed legislation to prevent what they call predatory loans, like the ones issued by an Oklahoma Indian tribal...
article State tribes side with the state in payday loan dispute
(Connecticut) -- An Oklahoma-based Indian tribe is says its tribal enterprises and sovereignty have been attacked by the state of Connecticut. Heather Payne,...

4/13/2015

article Connecticut tribes support anti-usury law
(Connecticut) -- The Mashantucket Pequot and Mohegan tribes joined state lawmakers and Gov. Dannel P. Malloy on Monday in support of legislation that would prohibit so-...
article CT tribes rally to Malloy’s defense against Oklahoma tribal lenders
(Connecticut) -- The leaders of Connecticut’s federally recognized Indian tribes rallied Monday to Gov. Dannel P. Malloy’s defense, decrying the practice of...
article Banking Committee Chair: ‘Payday loan sharks preying on most vulnerable’
(Connecticut) -- ‘Payday Loans’ with interest rates between 200 and 400 percent are being offered to Connecticut residents through direct mail and the...
article Native American Lenders Soliciting Illegal Loans in Connecticut: Officials
(Connecticut) -- Lenders from Native American tribes have been illegally soliciting Connecticut residents for loans, according to officials with the Connecticut...
article OP/ED: CT Right To Crack Down On Online Loan Sharks
(Connecticut) -- "Payday loans" is the euphemism given to last-resort lending to desperate people at outrageous rates of interest. It's illegal in...
article ‘Dark Money’ Group Causes Confusion Over Tribal Lending Complaint
(Connecticut) -- A conservative group that is not required to disclose its donors is ramping up its campaign against Democratic Gov. Dannel P. Malloy and the state...

4/6/2015

article One tribe's fight to bring you 449% payday loans
(Connecticut) -- An Oklahoma tribe is fighting for its right to offer Connecticut consumers payday loans, reports the Hartford Courant—ironically arguing that...

4/3/2015

article Tribal lenders claim right to charge 448% on loans in CT
(Connecticut) -- An Oklahoma tribe and its allies are fighting a legal, advertising and social-media war in Connecticut, claiming a right as a sovereign government to...

3/27/2015

article Molly Fleming, national payday-lending reform advocate, on yesterday's proposed new federal payday rules
(Missouri) -- Yesterday, the Consumer Financial Protection Bureau unveiled its long-anticipated proposal to bring stricter rules to the consumer lending industry of...

3/25/2015

article Tribe Sues State Over Attempt to Halt High-Interest Loans
(Connecticut) -- American Indian tribes enjoy certain legal rights, including sovereign immunity from lawsuits brought by government agencies. Buoyed by that immunity,...

3/21/2015

article Tribal Leader Stands Up For Civil Rights Against Federal, State Regulators
(USA) -- Native American tribes are constitutionally guaranteed the right to order their own affairs outside the sphere of federal law and explicit acts of Congress.

3/19/2015

article Tribal Payday Lenders & Cronies Reproved
(Las Vegas) -- Three men accused of helping tribal payday lenders defraud consumers settled federal charges Tuesday by agreeing to permanent injunctions and fines.

3/18/2015

article Wis. Judge Trims Claims Over Tribal Payday Loans
(Wisconsin) -- A Wisconsin federal judge on Tuesday dismissed claims by one of two state residents in a proposed class action alleging CashCall Inc. violated state usury...

3/16/2015

article Loan Servicer Asks High Court To Hear Tribal Arbitration Row
(Washington D.C.) -- Loan servicer CashCall Inc. asked the U.S. Supreme Court to hear its appeal of an Eleventh Circuit decision that denied the company’s bid for...

3/13/2015

article Indian Tribe Fights With Connecticut Over High-Rate Online Loans
(Connecticut) -- The fight over Indian tribes who make loans over the Internet has moved from the Empire State to the Nutmeg State. Connecticut officials are in a court...

3/12/2015

article CT target of Okla. tribe's civil-rights suit
(Connecticut) -- The northern Oklahoma Indian tribe and its leader rebuffed by Connecticut in their attempt to ply state residents online with expensive "payday...
article Oklahoma tribe's leader files lawsuit to challenge payday loan fines
(Oklahoma) -- The chairman of the Red Rock-based Otoe-Missouria tribe has filed a federal civil rights lawsuit against banking regulators in Connecticut after he was...

3/6/2015

article Missouri AG Koster shuts down predatory payday loans
(Missouri) -- Attorney General Chris Koster announced yesterday that he has obtained an agreement with eight online payday loan operations to shut down payday loan...
article Missouri AG Shuts Down Eight Online Payday Lenders Operating From South Dakota Reservation
(Missouri) -- More than 6,300 Missouri residents will receive refunds or have their debts voided after the state’s attorney general reached an agreement with an...
article Payday Loan Businesses Troubling New Mexico's Native Communities
(New Mexico) -- Those “Cash Loans Now” or “Payday Loan” signs on storefronts draw in vulnerable customers in regions of the country like New...

3/5/2015

article AG Koster pulls plug on predatory lender in Missouri
(Missouri) -- Eight online payday loan sites have been ordered to shut down operations in Missouri, pay $270,000 in restitution and erase loan balances for Missouri...
article Koster shuts down eight predatory online operations in Missouri
(Missouri) -- Attorney General Chris Koster announced today that he has obtained an agreement with eight online payday loan operations to shut down payday loan...
article Online payday loan company forced out of Missouri
(Missouri) -- A South Dakota based online lender agrees to stop doing business with Missouri consumers. Attorney General Chris Koster is forcing the payday loan company...
article CHAIRMAN WILLIAMS: Tribal lending helps consumers
(Washington D.C.) -- The March 2 front-page article “Tribes’ bet on high-interest lending comes with uneasy feelings” omitted the fact that tribally...

3/1/2015

article Indian tribes gambling on high-interest loans to raise revenue
(Michigan) -- In the middle of the Ottawa National Forest, there is a Native American reservation where snowdrifts mark the main road into town. At the end of that town...

2/10/2015

article Many states have cracked down on payday loans. Here’s how lenders still get away with it.
(USA) -- Payday lenders are a slippery bunch. In recent years, several states have passed laws curtailing these kinds of loans, which often charge triple-digit interest...

2/5/2015

article Native American Financial Services Association Announces New Executive Director
(Washington) -- The Native American Financial Services Association (NAFSA) is pleased to announce Lance Gumbs as its new Executive Director. As Executive Director, Lance...
article Shinnecock Indian Nation Tribal Member Named Executive Director of NAFSA
(New York) -- The Native American Financial Services Association (NAFSA) announced Wednesday that a tribal member of the Shinnecock Indian Nation, Lance Gumbs, was named...

1/27/2015

article FTC Announces Settlement with Online Payday Lenders
(Washington D.C.) -- The Federal Trade Commission recently announced a settlement with two online payday lenders to resolve charges that they violated the FTC Act, the...

1/23/2015

article Oklahoma tribe to fight payday lending fines in court
(Oklahoma) -- The leader of the Oklahoma-based Otoe-Missouria Tribe and two Internet payday loan companies it owns have appealed $1.5 million in fines from banking...
article Tribal Payday Lenders Get Comeuppance
(Oklahoma) -- Two tribally owned payday lenders agreed to pay $21 million and waive $285 million in uncollected charges to settle a deceptive trade practice complaint...

1/19/2015

article Federal Trade Commission settles charges against former ALMS champion for $21m
(Kansas) -- Level 5 Motorsports team owner Scott Tucker has settled charges filed by the Federal Trade Commission in relation to his payday loan companies AMG Services,...
article Internet lenders linked to Miami Nation agree to $21M settlement
(Kansas) -- Two online lending companies linked to the Miami Nation of Oklahoma reached a $21 million settlement with the Federal Trade Commission. The FTC accused the...

1/18/2015

article Kansas payday lending operation agrees to $21 million settlement
(Kansas) -- Two payday lending companies with ties to racecar driver Scott Tucker have agreed to pay $21 million and waive another $285 million in charges to settle...

1/17/2015

article Kansas payday lending operation agrees to $21M settlement
(Kansas) -- Two payday lending companies with ties to racecar driver Scott Tucker have agreed to pay $21 million and waive another $285 million in charges to settle...
article On the net payday lenders reach accord with regulators
(Washington) -- Two on the net payday lending corporations linked to a expert racecar driver have agreed to spend a record $21 million to resolve charges by U.S....

1/16/2015

article FTC settles deception case for $21M
(Ohio) -- Two online payday-lending companies linked to a professional race-car driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that...

1/14/2015

article PAYDAY LOANS: Obama Admin Shuts Down Indian Tribe’s Bank Accounts
(Washington D.C.) -- The Obama administration shut off the bank accounts of an Indian tribe as part of its Operation Choke Point program, The Daily Caller has learned.
press release PAYDAY LOANS: ASU Law Announces Inaugural Tribal Government E-Commerce Conference
(Arizona) -- The Indian Legal Program at the Sandra Day O'Connor College of Law at Arizona State University will hold its inaugural Tribal Government E-Commerce...

1/13/2015

article Connecticut Banking Regulator Fines Tribal Payday Lenders
(Connecticut) -- On January 6, the Connecticut Department of Banking issued a cease and desist order against the head of an American Indian tribe and two payday loan...
article Founder Of Consolidated Credit Counseling Services Reportedly Tied To Payday Lenders
(New York) -- If you’re in dire financial straits because you thought you could take out a 275% APR payday loan only to find yourself unable to repay, do you want...
article Native Americans Say Obama Program Is Hurting Their Businesses and Is an Affront to Tribal Sovereignty
(New York) -- A Native American group contends a controversial Obama administration program is harming online businesses that are critical to funding tribal governments...

1/12/2015

article Payday Lenders Are Using The Internet To Evade State Law
(USA) -- Borrowing from any payday lender can be a risky endeavor. Borrowing from one online can be downright perilous. The pitfalls of borrowing from storefront payday...

1/9/2015

article Lawsky Said to Probe Medley Hedge Fund Over Payday Loans
(New York) -- New York’s financial regulator sent a subpoena to Medley Opportunity Fund II last week as he investigates the hedge fund’s ties to payday...
article Oklahoma tribe is fined for online payday lending operations
(Oklahoma) -- The leader of the Red Rock-based Otoe-Missouria Tribe and two Internet payday loan companies it owns have been fined $1.5 million by banking regulators in...

1/8/2015

article Better Business Bureau: Payday Loans
(Michigan) -- Payday loans are loans of short duration, usually two weeks, and can be obtained from a physical payday loan store or on the internet. Better Business...

1/7/2015

article GUMBS: Free Indian Country from Operation Choke Point
(Washington D.C.) -- When President Obama spoke recently at the 2014 White House Tribal Nations Conference, he told the assembled leaders from the 566 federally...

1/6/2015

article Payday Lending by Tribe Targeted by Connecticut
(Connecticut) -- The head of an American Indian tribe and two payday-loan companies it owns were fined a total of $1.5 million by Connecticut regulators who claim they...

12/23/2014

article Better Business Bureau warns of pitfalls of payday loans
(Michigan) -- Consumers who have financial trouble during the holidays may be enticed to bridge the gap between paychecks by obtaining a payday loan. Better Business...

12/20/2014

article Hurray! About time! Payday Loan Mogul May Face Criminal Charges Under Laws That Targeted Mafia Loan Sharks
(UK) -- Federal prosecutors are plotting sweeping criminal charges against a car-racing mogul whose online payday lending empire uses American Indian tribal lands as a...

12/16/2014

article Ferrari-Racing Loan Mogul Said to Face Racketeering Case
(New York) -- Federal prosecutors are preparing to bring charges against payday loan mogul Scott Tucker, better-known as a racecar driver on U.S. and European circuits,...
article Payday Loan Mogul May Face Criminal Charges Under Laws That Targeted Mafia Loan Sharks
(New York) -- Federal prosecutors are plotting sweeping criminal charges against a car-racing mogul whose online payday lending empire uses American Indian tribal lands...

11/25/2014

article Mark Curry named his payday company after a shell company in the movie Wall Street, and other revelations from yesterday's Bloomberg story
(Oklahoma) -- Those interested in Kansas City's lamentable role in the dark world of online predatory lending should hop on over to Bloomberg and read yesterday'...
article Payday lender uses Indian Reservation as front for “criminal usury”
(Oklahoma) -- A clampdown on payday loan companies in the US has seen some companies adopt an elaborate ruse to escape interest-rate regulations, according to Bloomberg...
article Poised for Growth Short-term lending call center opens
(South Dakota) -- If you’ve driven by the old car dealership in town in recent weeks, you may have noticed some new activity. You can see through the former...

11/24/2014

article Otoe-Missouria Tribe defends online loan business amid scrutiny
(Oklahoma) -- Internet lending has been good for the Otoe-Missouria Tribe of Oklahoma despite legal and political pressure from state and federal agencies. The tribe...
article Some Respected Firms Are Backing America's Shadiest Payday Loans
(California) -- It would be illegal to open a shady lending company charging poor people 700% interest on loans—unless you lived on certain Indian reservations. In...

11/23/2014

article Payday-Loan Fortune Backed by Medley Found Behind Indian Casino
(Oklahoma) -- Joshua Wrenn needed money to make the January payment for his Jeep Cherokee. The truck driver and aspiring country singer in Madison, North Carolina, got $...

11/17/2014

article Pa. AG alleges company used payday loan scheme
(Pennsylvania) -- Pennsylvania Attorney General Kathleen G. Kane sued a Texas loan company on Thursday for allegedly targeting consumers in the state through an illegal...

11/3/2014

article Tribes Suing New York For Restricting Payday Lending Businesses Drop Federal Suit
(New York) -- Despite having some of the toughest regulations prohibiting high-interest, short-term loans, New York has continued to face issues in the form of illegal...

11/1/2014

article Tribes Drop Payday-Loan Suit Against New York State
(New York) -- Two Indian tribes with online lending operations on Friday said they are dropping a lawsuit filed against New York state, abandoning an effort to block the...
article Tribes Drop Suit Over NY’s Regulation of Internet Loans
(New York) -- American Indian tribes dropped a lawsuit challenging New York’s regulation of online lenders after setbacks in court, saying the case “has...

10/24/2014

article RIGHT WING WATCH: American Indian Tribes and the ‘Rent-A-Tribe’ Scheme
(USA) -- Just when you thought it was okay to admit you like the Washington Redskins again, it’s now becoming common knowledge that American Indian tribes are knee...

10/20/2014

article CashCall Banned From Lending in Iowa
(Iowa) -- At the beginning of October, CashCall Inc., an online lender based in Anaheim, California had its Iowa lending license repealed by the Iowa Superintendent of...

10/16/2014

article Opponent criticizes Andy Barr for opposing efforts to crack down on online payday lenders
(Kentucky) -- U.S. Rep. Andy Barr, R-Lexington, is being criticized for his opposition to "Operation Choke Point," a U.S. Department of Justice crackdown on...
article Second Federal Circuit Court Refuses To Enforce Arbitration By South Dakota Tribe
(Georgia) -- Using a different analysis, but reaching the same result as a recent decision from the Seventh Circuit, the Eleventh Circuit agreed that a defendant could...

10/13/2014

article Eleventh Circuit Refuses To Compel Arbitration In Dispute Between Loan Servicer and Borrower
(Georgia) -- On October 2, the Eleventh Circuit affirmed a district court’s decision refusing to compel arbitration sought by a servicer in a dispute with a...

10/7/2014

article CashCall to stop lending in Iowa, pay back loans
(Iowa) -- The Iowa Superintendent of Banking revoked a California online lender’s state license on Monday and ruled the company must pay $1.5 million in...

10/6/2014

article California online banker stripped of Iowa license, ordered to pay restitution
(Iowa) -- The Iowa Banking Superintendent today ordered an Anaheim, California online lender’s to pay $1.5 million in restitution and revoked the company’s...
article Company accused of charging over 100% interest on loans makes deal with Iowa
(Iowa) -- A California online lender has reached a settlement with the state of Iowa over allegations the company broke the law and charged exorbitant interest rates.
article Online lender CashCall must pay $1.5 million to Iowans
(Iowa) -- An online lender can no longer issue loans in Iowa and must pay $1.5 million in restitution, after a settlement with the Iowa Division of Banking and state...
article Second Circuit Denies Injunctive Relief to Tribe-Owned Online Lenders Seeking Protection From New York State Regulator
(New York) -- On October 1, the Second Circuit affirmed the denial of a preliminary injunction sought by Native American online lenders that would have prevented the New...

10/5/2014

article Appeals Court Rejects Claims by American Indian Payday Lenders
(New York) -- A federal appeals court on Wednesday denied a request by two American Indian tribes to stop New York State’s top financial regulator from cracking...
article Federal Court Deals Blow to Online Lending by Two Indian Tribes
(New York) -- A federal appeals court on Wednesday denied Indian tribes that sell online loans to New York state residents a temporary injunction that would have barred...
article Lawsky May Regulate Internet Loans for Now, Court Rules
(New York) -- Benjamin Lawsky, New York’s top banking regulator, has the power to regulate online lenders, including those owned by American Indian tribes, a U.S....

10/3/2014

article State Can Ban High-Interest Tribal Loans, Circuit Rules
(New York) -- New York state can continue to block Native American tribes from offering high-interest, short-term loans to New Yorkers over the Internet, a federal...

9/11/2014

article Rosette defends 'secret' payments
(Montana) -- Former Plain Green online lending company executive Neal Rosette Sr. — who has a lawsuit against the Chippewa Cree Tribe and Plain Green and other...

9/10/2014

article Online Payday Loan Borrowers Charge Sky-High Rates
(Connecticut) -- When Dwight Graham found himself in a financial pinch back in 2012, he hoped a quick loan for a few hundred dollars would fill the gap. The 60-year-old...
article Scott Tucker: Go big. Then go home?
(USA) -- Sports car racer Scott Tucker seemed to have come from nowhere, headed one of the most professional, successful teams in recent memory, then disappeared as...

9/9/2014

article Chippewa Cree tribal member defends receiving hidden payments
(Montana) -- A Chippewa Cree tribal member is defending the hidden payments he received from the tribe's online payday lending business.
article Chippewa Cree Tribe was awarded $1.1M over payday loan deal
(Montana) -- An arbitrator awarded $1.1 million to the Chippewa Cree Tribe of Montana in connection with an Internet loan business that is the subject of a lawsuit in...
article Tribal member defends receiving hidden payments
(Montana) -- The former head of the Chippewa Cree’s lucrative online payday loan operation defended hidden payments he received for about two years Tuesday, saying...

9/8/2014

article Chippewa Creek tribal members funneled cash from lending company
(Montana) -- A Nevada company hired to manage online payday loan operations owned by Montana's Chippewa Cree Tribe secretly funneled 7 percent of the gross revenues...
article Tribal members funneled cash from lending company
(Montana) -- The Chippewa Cree tribe’s former health director and two former leaders of a tribe-owned online payday loan company secretly received more than a...
article BRANDON: The Feds Choke Off Native American Income
(Washington D.C.) -- In 19th-century America, as pioneers pushed west into the plains and the federal government forced the American Indian population onto reservations...

9/4/2014

article Chippewa-Cree leaders say the tribe was bilked out of $13M by loan businesses
(Montana) -- The Chippewa-Cree Tribe of the Rocky Boys Indian Reservation says four out-of-state men bilked the tribe and its nascent lending businesses out of more than...

9/2/2014

article Seventh Circuit Finds Tribal Arbitration Is Unreasonable and Unconscionable
(South Dakota) -- In a victory for advocates who worry that the odds are impossibly stacked against consumers in some arbitral fora, the Seventh Circuit found that a...

8/25/2014

article Seventh Circuit revives class action over payday loans, calls arbitration clause ‘unconscionable’ and process ‘a sham’
(Illinois) -- An embattled provider of online payday loans who allegedly used his standing as a member of a Sioux Indian tribe to tailor loan agreement terms to skirt...

8/19/2014

article Push to end predatory payday lending gathers steam
(Washington D.C.) -- Payday lenders are taking a beating of late. From the caustic segment on Last Week Tonight with John Oliver urging potential payday loan customers...

8/8/2014

article Feds eye online lending practices
(Pennsylvania) -- Unregulated online lending is a growing problem, experts say, and state and federal regulators are stepping up efforts to control it. Loans available...

8/4/2014

article Crackdown on Illegal Internet Payday Loans Nets Help for Consumers
(Maryland) -- The state of Maryland is the latest to bring the hammer down on the Internet payday loan and, specifically, the duo of Western Sky Financial (Western Sky)...

7/30/2014

article The Tangled Web Of Payday Lenders On Tribal Lands
(Washington) -- David Hyde talks with financial consultant Shawn Spruce, a member of the Pueblo tribe in New Mexico, about the intersection of payday lenders and Native...

7/23/2014

article Tribes' Online Lending Faces Federal Squeeze
(Montana) -- Economic opportunity has long been hard to come by on this remote reservation near the Canadian border, where tribal members have relied on the government...

7/19/2014

article Payday loan case reveals brutal interest rates
(Kansas) -- Tiffany Kelker was stuck. In January 2011, finding herself in need of some financial assistance after the holidays, she had taken out a $600 “payday...

7/15/2014

article Payday loan case showcases brutal interest rates in an industry under fire
(Kansas) -- Tiffany Kelker was stuck. In January 2011, finding herself in need of some financial assistance after the holidays, she had taken out a $600 "payday...
article WSJ: A Misguided Campaign Against Payday Lenders
(New York) -- A lawsuit filed last month by the payday lending industry's trade group, the Community Financial Services Association of America, against several...

7/10/2014

article BRANDON: Al Jazeera Blew It on 'Payday Nation'
(USA) -- Al Jazeera America’s recent series “Payday Nation” had so much promise to get the facts right and tell a side of the story which has been...

7/7/2014

article Native Sun News: Payday loan story stirs squabble at Pine Ridge
(South Dakota) -- In a recent article written by the Al Jazeera America News, and reprinted by Native Sun News, Raycen Raines, a member of the Oglala Sioux Tribe (OST),...

6/29/2014

press release Wakpamni Lake Community Responds to Al Jaazera News Inaccuracies
(South Dakota) -- Over the last several days, this Al Jaazera News article critical of economic development in the Wakpamni Lake Community on the Pine Ridge...

6/18/2014

article PAYDAY NATION 4: The Sovereign Matchmaker
(California) -- Allen J. Parker has declared personal bankruptcy twice, been fired from his day job four times and owned a string of failed businesses. His latest...
article PAYDAY NATION: When tribes team up with payday lenders, who profits?
(California) -- The whitewashed, one-story office just off California’s Highway 20 doesn’t look like much. But the building is listed as the address of at...

6/17/2014

article PAYDAY NATION: Dissatisfied Customers
(USA) -- Like all payday loan companies, lending enterprises affiliated with Native American tribes receive thousands of complaints each year. Traditional brick-and-...
article PAYDAY NATION: The tribe that said no
(South Dakota) -- Arlene Catches the Enemy was skeptical when a member of her Native American tribe, the Oglala Sioux of South Dakota, came here to preach about how...

6/15/2014

article Internet Payday Lender May Owe As Much As $20 Million to Consumers
(New York) -- An Internet payday lender that fell under the weight of state lawsuits, in spite of claims of immunity under Indian tribe status, may, in tandem with its...

6/10/2014

article How a High Court Ruling on Tribal Powers May Impact Payday Lending [sub req'd]
(USA) -- A recent Supreme Court ruling concerning a tribal casino and state authorities has sparked a debate about whether the decision could extend to curtailing payday...

5/30/2014

article Judge finds Kansas payday lender liable for acting deceptively
(Oklahoma) -- A U.S. judge has ruled a payday lending operation affiliated with a Native American tribe is liable for engaging in deceptive practices and violating...

5/29/2014

article SCOTUS Decision Proves States Have Power Over Payday Lenders Claiming Tribal Affiliation
(Washington D.C.) -- While a U.S. Supreme Court decision yesterday in the case of a Michigan Native American tribe’s allegedly illegal casino appears to have...

5/7/2014

article Sports-car team owner Scott Tucker facing more legal trouble
(USA) -- According to Reuters, a U.S. grand jury has subpoenaed a company allegedly controlled by sports-car racing team owner Scott Tucker.

5/5/2014

article Exclusive: Payday lender subpoenaed in U.S. criminal probe
(New York) -- A U.S. grand jury has subpoenaed a company that a federal regulator has said is at the center of a deceptive payday lending scheme, a source familiar with...

4/30/2014

article NY Gets Visa, MasterCard To Halt Debit-Based Payday Loans
(New York) -- MasterCard Inc. and Visa Inc. on Wednesday agreed to stop processing online payday loan transactions that violate New York state law carried out through...

4/29/2014

article New York State Makes New Efforts to Combat Payday Lenders
(New York) -- Curbing abusive payday lending practices can sometimes resemble a game of Whac-A-Mole: every time regulators manage to push down one method the industry...

4/21/2014

article How to Transform Payday Lending
(New York) -- In my experience as a financial technology investor focused on the needs of the emerging middle class, I have found that attitudes around payday lending...

4/14/2014

article Court FTC can regulate payday lenders affiliated with Indian tribes
(USA) -- In what is being hailed by the Federal Trade Commission as a victory for regulators, a federal court judge in Nevada has ruled that the FTC has the authority to...

4/13/2014

article Payday Lenders Can’t Use Tribal Affiliation To Garnish Wages Without Court Order
(USA) -- For years, a handful of sketchy payday lenders have been using purported affiliations with tribal lands to try to skirt federal and state laws.

4/10/2014

article State collects $5.4M for lending violations
(Connecticut) -- The state announced Wednesday a $5.4 million settlement with two companies and an entrepreneur over violation of Connecticut lending laws.
article State Settles With Companies Charging 'Exorbitant' Interest Rates
(Connecticut) -- The state has reached a settlement with two companies that issued loans at annual interest rates of up to 355 percent, Connecticut Banking Commissioner...

4/7/2014

article GALANDA: Tribal Online Lenders Need a Legal Attitude Adjustment
(Washington) -- A review of recent federal judicial decisions against tribal online lenders shows that they are losing the war–resoundingly. Arguments under...

3/25/2014

article BRANDON: An Agenda Banks on Weed
(Washington D.C.) -- Everyone, as they say, has an agenda. Everyone—the president, the Congress, and politicos of all stripes—tries to look good, regardless...
article Report: Payday loans can cost borrowers much
(Washington D.C.) -- About half of all payday loans are made to people who extend the loans so many times they end up paying more in fees than the original amount they...

3/24/2014

article Judge rules against Scott Tucker and AMG Services in FTC case
(Kansas) -- A few months back, we published a series that looked at Kansas City's role as a hub in the world of predatory online lending. One of the biggest players...

3/23/2014

article How Silicon Valley and Wall Street Investors Profit From 300% Interest
(USA) -- You’d think a crackdown on so-called “payday” lenders in 22 states over the last eight years would have put a lot of these usurers out of...

3/22/2014

article Landmark Ruling Threatens Internet Payday Loan Loophole
(Las Vegas) -- A landmark legal ruling appears to have stripped away any perceived immunity by Internet payday loan vendors who have, until now, operated under the...

3/19/2014

article Judge affirms consumer protections apply in payday lending case
(Nevada) -- A federal judge in Nevada has affirmed the Federal Trade Commission’s ability to enforce consumer protections against payday loan companies that...
article Judge Rules Payday Lender With Tribal Affiliation Has To Play By FTC Rules
(Nevada) -- Predatory payday lenders can no longer escape federal regulators by claiming affiliations with American Indian tribes. A U.S. District Court handed the...
article Judge Sides with F.T.C. in Payday Lending Case
(Nevada) -- A United States District Court judge has reinforced the Federal Trade Commission’s authority to go after payday lenders that claim their ties to Native...
article U.S. District Judge Finds that FTC Can Sue Deceptive Payday Loan Business Regardless of American Indian Tribal Affiliation
(Nevada) -- U.S. District Judge Gloria M. Navarro handed the Federal Trade Commission a significant victory in its crackdown on deceptive payday lenders, affirming a...
article BRANDON: DOJ's 'Operation Choke Point' Infringes on Tribal Trust
(Washington D.C.) -- Tribal sovereignty is the most valuable of all American Indian assets. Tribal governments' inherent rights of self-government and self-...

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