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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

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-...

3/14/2014

article Tex Hall: Tribe makes strides in creating economic opportunity
(Montana) -- Dear Ken: Running a government and politics in general brings with it one’s fair share of detractors. I am generally inclined to let my work and the...

3/13/2014

article Leawood suicide puts spotlight on troubled payday loan industry
(Kansas) -- The suicide of a Leawood man over the weekend puts a spotlight on the often-troubled and greedy side of the payday loan industry, especially its connections...
article Federal Court Agrees With Magistrate That Whether A Tribal Lender Is A For-Profit Corporation Is A Triable Issue Of Fact
(Nevada) -- On March 7, 2014, the United States District Court for the District of Nevada in Federal Trade Commission (the FTC) v. AMG Services, Inc., et al. granted a...

3/9/2014

article Elizabeth Warren's Crusade to Nationalize Payday Lending Squeezes Native American Tribes
(Washington D.C.) -- Recently, two seemingly unrelated things happened in the so-called “payday lending” world. First, Senator Elizabeth Warren began...

3/1/2014

article Court Slaps Down California's Attempt to Control Tribal Lending
(California) -- Indian country saw a landmark victory last month in California v. Miami Nation Enterprises, et. al, which ruled against the state of California in favor...

2/10/2014

press release Landmark Court Case Settled in Favor of Tribal Online Lenders
(Colorado) -- Fredericks Peebles & Morgan LLP, a national tribal law firm announced this week a victory in the state of California for two Tribal online lenders:...

1/30/2014

article DOJ Defends Payday Lender Probe
(Washington D.C.) -- The Department of Justice is defending its ongoing investigation of banks and other companies that provide payment-processing services to payday...

1/29/2014

article Plain Talk: Tribes should stay away from payday loans
(Wisconsin) -- Wisconsin opened the barn door to gambling back in 1987 when its citizens voted to amend the state's constitution so we could have a state lottery and...

1/27/2014

article Indian-owned Payday Lender Agrees to copy.5M Fine, Refunds to NY Consumers
(New York) -- An Indian-owned payday lender has agreed to pay a copy.5 million to settle a lawsuit with the State of New York, and additionally to refund interest...

1/25/2014

article Western Sky and Several Other Online Lenders Charged for Offering High-Cost Loans
(Colorado) -- Colorado Attorney General John Suthers announced today that his office has settled a lawsuit against several South Dakota lenders and their principal,...

1/23/2014

article FEIN: Regulatory Impartiality for Native American Tribal Lenders
(Washington D.C.) -- The United States owes a fiduciary duty to Native American Indian Tribes. Yet the federal Consumer Finance Protection Bureau (CFPB) seems...
article Payday Lender Agrees to Fine, Refunds
(New York) -- Online lender Western Sky Financial LLC has agreed to pay a $1.5 million fine and refund interest payments to borrowers under an agreement reached with New...
article Tribal Sovereign Immunity Protects Payday Lenders From State Enforcement
(USA) -- Last year, the Commissioner of Business Oversight issued several alerts warning consumers that it has received complaints with respect to unlicensed firms...

1/22/2014

article Tribal Payday Loan Outfits Buck California
(California) -- Tribal sovereign immunity stands in the way of California's plan to halt payday loan services owned by Indian tribes, a state appeals court ruled.

1/13/2014

article Lawsky Pushes for Aggressive Steps Against High-Cost Lenders
(New York) -- New York's top financial regulator is pressing a bank-industry group to take more aggressive steps to stop high-cost lenders from accessing a key...

1/10/2014

article Issa suspects Eric Holder is illegally targeting online lending
(Washington D.C.) -- House Oversight Committee Chairman Darrell Issa launched a probe Thursday into Attorney General Eric Holder’s crusade against online payday...

1/6/2014

article LA TIMES: Hold online lenders to account
(California) -- The Consumer Finance Protection Bureau recently brought its first lawsuit against an online lender, accusing CashCall of collecting payments that...

1/5/2014

article BLOG: Wisconsin Lac du Flambeau Tribe Banks on Internet Payday Loan Biz
(Wisconsin) -- Let’s face it: not everyone is as enthusiastic as we are when it comes to online gambling. But there are industries that are far less popular out...
article EDITORIAL: Casinos shouldn’t lend money
(Wisconsin) -- It’s in the quickly spoken words at the end of radio ads for casinos in Milwaukee or Chicago: “Know when to stop before you start. Gambling...

12/31/2013

article RENT-A-TRIBE: The Missing Intabill Millions, Part 5: The Unexploited Tribal Processing
(USA) -- If there’s a surprise buried within the pages of Alligator Blood, British author James Leighton’s recounting of the tale of the meteoric rise and...
article LA TIMES: Hold online lenders to account
(California) -- The Consumer Finance Protection Bureau is right to force jurisdictional issues and sue CashCall. States need to require online lenders to play by the...

12/30/2013

article Lac du Flambeau Chippewa tribe expanding business over the Internet
(Wisconsin) -- While the proposed Menominee tribal casino in Kenosha is debated, another tribe in northern Wisconsin is quietly using the Internet to expand its business.

12/29/2013

article Lac du Flambeau Chippewa enter payday loan business with eye to online gambling
(Wisconsin) -- Need cash fast? The Lac du Flambeau Chippewa's online payday loan centers are there for you. Want to place an online bet? The tribe soon hopes to...

12/25/2013

article EDITORIAL: CashCall's 343% interest rate attracts attention of the feds
(California) -- In yet another reminder of the failings of California's anti-usury laws, the federal Consumer Financial Protection Bureau — and not California...

12/17/2013

article CashCall Tries To Collect On Illegal Payday Loans, CFPB Says “Nice Try”
(Washington D.C.) -- Collecting a debt from people who owe money is one thing. Collecting a debt from people who don’t legally owe because those loans should never...

12/16/2013

article CFPB sues CashCall for attempts to collect on tribal loans
(Ohio) -- The Consumer Financial Protection Bureau on Monday sued California-based CashCall for allegedly collecting and servicing illegal online installment loans.
article Federal consumer agency sues Las Vegas collection firm, two online lenders
(Las Vegas) -- Delbert Services Corp., a Las Vegas-based collection agency, was one of three firms sued Monday for alleged deceptive and abusive loan practices,...
article NC Attorney General Goes After On-Line PayDay Lender
(North Carolina) -- The North Carolina Attorney General is going after a company you've probably seen advertised on TV. Western sky is an on-line Payday Lender. The...
press release NAFSA Applauds CFPB Enforcement Action against Fraudulent Lending Practices by CashCall
(Washington D.C.) -- Following a decision by the Consumer Financial Protection Bureau (CFPB) to take enforcement actions against CashCall and WS Funding – an...

12/5/2013

article Judges Question Tribal Payday Lenders Over Online Activities
(New York) -- A panel of federal judges grappled Thursday over whether New York's lending laws should apply to high-rate loans made by payday lenders located on...

12/2/2013

article New York Subpoenas Websites in an Effort to Curb Payday Lenders
(New York) -- Government authorities are trying to choke off the supply of borrowers to online lenders that offer short-term loans with annual interest rates of more...

11/21/2013

article DAILY CALLER: Dodd-Frank enforcement agency puts Indian tribes in the crosshairs
(Washington D.C.) -- The powerful financial enforcement agency created by Dodd-Frank is bringing its legal guns to bear on Indian tribes — and the Native Americans...

11/13/2013

article Religious group seeks payday lending regulations
(Minnesota) -- Payday loan companies need more state regulation to keep poor Minnesotans out of a “debt trap,” the Joint Religious Legislative Coalition says.

11/7/2013

article What Happened To Those TV Ads For Payday Loans?
(New York) -- On TV this summer, you might have seen this ad with a smiling young woman offering help for all those troublesome bills. "The problem-solver from...

10/29/2013

article 2 Tribes Agree To End Payday Loan Practices
(Oklahoma) -- The Miami and Modoc tribes will end questionable lending practices. Payday lending companies owned by two Oklahoma Indian tribes have agreed to stop using...
article Oklahoma tribes' payday lenders agree to partial settlement with FTC
(Oklahoma) -- Payday lending companies owned by two Oklahoma Indian tribes have agreed to stop using aggressive collection techniques, including threatening borrowers...

10/19/2013

article 31 Members of Congress Blast Fed's Crackdown on Online Lending
(Washington D.C.) -- A harshly worded letter criticizing a federal crackdown on online lenders who serve “tens of millions of low-income Americans” likely...

10/18/2013

article Native Sun News: Indian-owned Internet lender closes its doors
(South Dakota) -- On Sept. 3, Western Sky Financial/Lakota Cash an online payday loan company located on the Cheyenne River Indian Reservation was forced to close its...

10/17/2013

article Lawsky Should Leave Tribal Lending Alone
(New York) -- A U.S. District Court recently ruled that New York can stop payday lenders from making loans, even when those loans are originated from tribal offices...

10/13/2013

article LA TIMES: Payday loans, online style
(California) -- Many unsavory ventures make their home in the seamy underbelly of the Internet, including some particularly unscrupulous payday lenders that use high...

10/9/2013

article Jane Daughtery: Tribes lose out in battle over Internet lending
(Oklahoma) -- On a recent research trip to the online lending companies run by the Otoe-Missouria tribe, it became clear that a large part of the story of this legal...

10/8/2013

article Tribes Appeal Judge's Decision in Online Lending Case
(New York) -- Two American Indian tribes are appealing a federal judge's decision to allow New York's top banking regulator to curb high-rate loans made to...

10/7/2013

press release Governor George Rivera, Native American Leader, Joins NAFSA Board of Directors to Advance Tribal Economic Development through Online Lending
(Washington D.C.) -- As the Native American Financial Services Association (NAFSA) continues fighting to preserve tribes' sovereign rights through strong businesses...
article N.Y.'s Victory Over Tribal Lenders May Be Short-Lived
(New York) -- When U.S. District Judge Richard Sullivan denied a temporary injunction that would have halted New York State's crackdown against online lenders, the...

10/6/2013

article States And Consumers Battle Tribal Payday Lenders
(New York) -- The tribal payday lending business finds itself facing a flurry of class action lawsuits and state crackdowns painting the lenders as loan sharks preying...

10/5/2013

article Judge rules New York can regulate lenders with Native American ties
(New York) -- A federal judge has cleared the way for New York’s banking regulator to stop online lenders that operate on Native American land from offering short-...

10/3/2013

article States And Consumers Battle Tribal Payday Lenders
(USA) -- The tribal payday lending business finds itself facing a flurry of class action lawsuits and state crackdowns painting the lenders as loan sharks preying upon...

10/2/2013

article OP/ED: Understand legitimate online tribal lending
(Washington D.C.) -- Arvind Ganesan’s post in The Hill’s Congress Blog once again gets it wrong on lending, painting all short-term lenders with the same...

10/1/2013

article Judge Denies Tribal Lenders' Bid to Block New York Banking Regulator
(New York) -- A federal judge denied a request by two American Indian tribes to temporarily block New York's top banking regulator from going after high-rate...
article Judge rules New York can regulate lenders with Native American ties
(New York) -- A federal judge has cleared the way for New York’s banking regulator to stop online lenders that operate on Native American land from offering short-...
article N.Y. Can Regulate Lenders with Tribal Ties, Judge Rules
(New York) -- A federal court has ruled that state regulators have the authority over online lenders that operate from Native American land.
article Tribes Fail to Block N.Y. Internet-Loan Action During Case
(New York) -- Two American Indian tribes that sued New York state’s top financial regulator over a crackdown on Internet lending businesses, some of which are...
article Tribes Lose Effort to Block New York From Regulating Their Online Lending
(New York) -- A federal judge has denied a request by two American Indian tribes to stop New York State’s top financial regulator from cracking down on their...
article Dustin McDaniel Files Lawsuit Against Online Payday Lenders
(Arkansas) -- Attorney General Dustin McDaniel said Tuesday that his office filed a lawsuit against three companies and two people he accused of colluding to offer...
article McDaniel sues online payday lenders
(Arkansas) -- Arkansas Attorney General Dustin McDaniel is suing companies that he says colluded to offer illegal payday loans online while claiming to be affiliated...

9/30/2013

article Five Debt Collectors Settle With New York Over Payday-Loan Rates
(New York) -- New York Attorney General Eric Schneiderman is cracking down on firms that allegedly collected on payday loans that violate the state's ban against...

9/27/2013

article CFPB Denies Tribal Payday Lenders' Appeal to Stop Investigation
(Washington D.C.) -- The Consumer Financial Protection Bureau on Thursday denied an appeal made by several Native American tribal lenders who were seeking to block a...
article Indian Tribes Lose Bid to Block Consumer Agency’s Probe
(Washington D.C.) -- Three Indian tribes that run online lending businesses have lost a bid to block a federal regulator from probing their operations. The Consumer...

9/24/2013

article THE HILL: Predatory lending and Indian country
(Washington D.C.) -- Western Sky, a private online payday lender based on the Cheyenne River Sioux Reservation in South Dakota, suspended its operations in early...

9/17/2013

article Online Lender Seeks Dismissal of New York Suit
(New York) -- Western Sky Financial LLC, an online lender targeted by state regulators for charging high interest rates, said Tuesday that a lawsuit filed against it by...

9/16/2013

article Otoe-Missouria lending company faces legal challenge
(New York) -- On Wednesday, the Southern federal District Court of New York considered whether to allow a preliminary injunction that would keep two tribes’ payday...

9/15/2013

article Tribes Challenge New York’s Authority Over Their Lending
(New York) -- Since becoming New York State’s top financial regulator in 2011, Benjamin M. Lawsky has aggressively pursued wrongdoing far beyond the state’s...

9/14/2013

article Payday lenders move online as feds crack down
(Washington D.C.) -- The banner ad atop the website features a wide-eyed baby cradled in an adult's hands with the words, “Did that special vacation for two...
article Rick Mills: Loans were expensive – and states are paying attention
(Illinois) -- You’ve probably seen the television commercials – a Native American man standing alone on the screen, offering quick and easy loans in pitches...

9/10/2013

article New York, Indian Tribes to Face Off in Court on Loans
(New York) -- New York's top financial regulator is set to square off against two Indian tribes Wednesday in a legal battle that could help determine whether states...
article Alleged 'Rent-a-tribe' online lender banned from MN — for now
(Minnesota) -- A judge has temporarily blocked CashCall Inc., an online lender based in California, from doing business in Minnesota after the company was sued earlier...

9/9/2013

article Alleged 'rent-a-tribe' lender temporarily barred from new business in Minnesota
(Minnesota) -- A Minneapolis judge has temporarily blocked Internet lender CashCall from making new loans in Minnesota, after the company was sued by state officials who...
article Payday lenders move online as regulators crack down
(Washington D.C.) -- The banner ad atop the website features a wide-eyed baby cradled in an adult’s hands with the words, “Did that special vacation for two...
article MORGENSON: Find the Loan Behind the Loans
(New York) -- ONLINE lenders who charge borrowers stratospheric interest rates are coming under pressure from state regulators — and it’s about time. But to...

9/3/2013

article Western Sky Fires Back at NY State Regulators
(South Dakota) -- Western Sky Financial LLC, an online lender with ties to an American Indian tribe, came out swinging against state regulators Tuesday, arguing their...
press release Western Sky Financial Suspends Operations
(South Dakota) -- Western Sky Financial officially suspended its operations today as a result of unwarranted overreach by state regulators. As a result, 94 people in the...

8/31/2013

article Layoffs at Western Sky
(South Dakota) -- In New York, the Attorney General has filed a lawsuit against Western Sky Financial of Timber Lake claiming the company, owned by Butch Webb of Isabel...

8/29/2013

article NEW YORK TIMES: Cracking Down on Predatory Payday Lenders
(New York) -- The predatory industry known as payday lending is finally feeling the bite of state authorities alarmed that low-income borrowers are being gouged into...

8/28/2013

article Western Sky Employees: Fighting for our voices to be heard
(South Dakota) -- This letter is in regards to our employment with Western Sky. We've come together, of our own free will and accord, to voice our concerns and...
article State actions against payday lenders prove effective
(New York) -- Both the states and the federal government have jurisdiction when it comes to policing the payday loan industry, to ensure consumers are protected against...

8/27/2013

article Online Lender Western Sky Shutters Payday Business
(South Dakota) -- Amid pressure from regulators, Western Sky Financial plans to close for business early next month. The prominent online lender was one of several web-...
article Online Payday Lender Western Sky To Stop Funding Loans Sept. 3
(South Dakota) -- If you’ve watched daytime TV in recent years, you’ve more than likely seen ads for Western Sky Financial a payday lender operating out of a...

8/26/2013

article Online Lender Says It Will Stop Funding Loans
(Washington D.C.) -- Western Sky Financial LLC, an online lender with ties to an American Indian tribe, will stop funding loans next month, according to a notice on its...
article Payday lender Western Sky Financial to stop funding loans on Sept. 3.
(Washington D.C.) -- Western Sky Financial, a prominent online lender that offers short-term loans at triple-digit interest rates, said it will stop funding loans on...
article Indian tribes lash out at efforts to squelch payday lending
(New York) -- In a parallel to the 1970s-era battle over the legal right of Indian tribes to open casinos in contravention of state laws, a new generation of online...

8/25/2013

article New York's Attack on Tribal Lenders Is a Threat to All Natives
(Florida) -- Despite a clear precedent in last year’s victory by tribal lenders against Colorado regulators, New York state authorities are mounting yet another...

8/23/2013

article Indian tribes said to sue NY financial regulator Lawsky
(New York) -- Two American Indian Tribes said they sued New York state's financial regulatory agency and its head over his crackdown on businesses that do lending...
article Jane Daugherty: DOJ not targeting tribal Internet loan firms
(Washington D.C.) -- In the first positive federal response to widespread Indian protests over government attacks on tribal companies’ online loan businesses, U.S...

8/21/2013

article Indian Tribes Said to Sue New York Financial Regulator Lawsky
(New York) -- Two American Indian Tribes said they sued New York state’s financial regulatory agency and its head over his crackdown on businesses that do lending...
press release Native American Tribes Launch Legal Action against State of New York in Major Defense of Tribal Sovereignty
(Washington D.C.) -- After recent actions by New York Department of Financial Services (DFS) Administrator Benjamin Lawsky to unlawfully intimidate Native American...

8/16/2013

article Tribal payday lender not licensed to conduct business
(Washington) -- A complaint has been filed against Arrow One, LLC. d/b/a Arrow One Lending with the Washington State Department of Financial Institutions (DFI). The...

8/14/2013

article Indian Tribes to Banks: Ignore That Man Behind the Curtain
(New York) -- Indian tribes are urging banks to ignore attempts by New York’s top banking regulator to stop processing transactions for online lenders whose loans...
article Tribal Online Lenders Ask Banks to Resist Regulatory Pressure
(New York) -- An association of online lenders operated by Native American tribes called on banks to resist pressure from New York State to cut them off from the nation...

8/13/2013

article Indian Tribes Oppose New York Order on Online Lenders
(Washington D.C.) -- Indian tribes are refusing to comply with a New York financial regulator's attempt to shut down their online-lending operations, arguing the state...
article New York Attorney General Files Lawsuit Against Payday Lenders
(New York) -- New York Attorney General Eric Schneiderman sued an online lender with ties to an American Indian tribe and its affiliates Monday, alleging they charged...

8/12/2013

press release NAFSA Directs New York Superintendent of Financial Services to Cease and Desist Discriminatory Actions against Indian Country
(Washington D.C.) -- Fighting back against last week's attempt to shutter legal online lending enterprises operated by tribal nations, the Native American Financial...
article Suit Accuses Online Lender of Violating New York Rate Caps
(New York) -- New York State’s top prosecutor filed suit on Monday against an online lender that offers short-term loans at interest rates of more than 300 percent...

8/11/2013

article Indian Tribes Oppose New York Order on Online Lenders
(New York) -- Indian tribes are refusing to comply with a New York financial regulator's attempt to shut down their online-lending operations, arguing the state has no...
article NY finance official on the warpath against Native American payday lenders
(New York) -- Native American tribes are asking New York State’s top banking regulator to leave their payday loan businesses alone. Regulator Ben Lawsky sent cease-and-...
article Six federal agencies investigating online payday lenders
(New York) -- At least six federal agencies including the Justice and Treasury departments are coordinating a broad probe of online payday lenders that charge enormous...

8/10/2013

article Center: Indian Country payday lenders face increased scrutiny
(New York) -- The Center for Public Integrity reports on federal and state efforts against payday lenders in Indian Country: Tribal lenders were outraged by New York...

8/9/2013

article A half-dozen federal agencies are probing the practices of online payday lenders that target the poor
(Washington D.C.) -- At least six federal agencies including the Justice and Treasury departments are coordinating a broad probe of online payday lenders that charge...
article New York Suit Raises Heat for Online Lenders with Tribal Links
(New York) -- When Benjamin Lawsky, New York State's Superintendent of Financial Services, sent a letter earlier this week to 35 online lenders, instructing them to...

8/8/2013

article U.S. Squeezes Online Lenders Via Bank-Transfer System Access
(New York) -- The Department of Justice and the Federal Deposit Insurance Corp. are pressuring banks to cut ties to online lenders whom regulators suspect of shady...

8/6/2013

press release NAFSA Outraged at Breach of Tribal Sovereignty, Violation of Precedents Regarding Indian Country by New York Department of Financial Services
(Washington D.C.) -- Following the release of a letter targeting banks, debt collectors, and the National Automated Clearing House Association (NACHA) from the New York...

8/5/2013

article Online Lenders Told to Abide by Interest Rate Cap in New York
(New York) -- Government authorities are homing in on a lucrative loophole that allows online lenders to offer short-term loans at interest rates that often exceed 500...

7/31/2013

article BRANDON: Government should respect Native American sovereignty
(Washington D.C.) -- I commend The Hill for spotlighting the effort to ensure voting rights for Native Americans in Montana (The Hill, Jordy Yager, 07/16/13). As a...

7/29/2013

article Internet Payday Loan Companies Accused of Hiding behind Immunity
(Minnesota) -- In the continuing crackdown against high interest Internet payday loans and predatory lending, the State of Minnesota is challenging the growing practice...

7/23/2013

article Magistrate Judge Finds that American Indian Tribes Are Subject to FTC Act
(Washington D.C.) -- The Federal Trade Commission has reached a partial settlement with the principal defendants in its case against the payday lending operation AMG...

7/22/2013

article Payday lenders covered by FTC Act even if affiliated with American Indian Tribes
(Washington D.C.) -- In an FTC action challenging allegedly illegal business practices by a payday loan operation affiliated with American Indian Tribes, a United States...

7/19/2013

article LETTER: Native American Initiative
(Washington D.C.) -- To the Editor: “Pain on the Reservation” (Business Day, July 13), highlighting the problems facing Indian country and the difficulty of...

7/15/2013

article Another lawsuit targets payday lender
(South Dakota) -- A high-interest lender being sued by the federal government for attempting to use the Cheyenne River Sioux Tribe’s sovereign status as a shield...

7/13/2013

article Minnesota sues online, fast-cash lender
(Minnesota) -- Minnesota has joined nine other states in cracking down on an online, fast-cash loan company that claimed to operate under Native American tribal law...

7/12/2013

article Minn. AG sues Calif. lending firm over rate 'ruse'
(Minnesota) -- A California-based Internet lender faces court action in Minnesota over short-term loan rates and alleged efforts to use tribal sovereign immunity to...
article State sues California-based Internet lender, says it uses tribe as a front for high-rate loans
(Minnesota) -- Minnesota regulators are, for the first time, challenging a practice in which an Internet lender is allegedly hiding behind tribal sovereign immunity to...

7/6/2013

article The Future of Tribal Lending Under the Consumer Financial Protection Bureau [PDF]
(USA) -- Some Indian tribes – particularly impecunious tribes located remotely from population centers, without sufficient traffic to engage profitably in casino...

6/16/2013

article S.D. lender that claimed tribal immunity ordered to stop making loans in Md.
(Maryland) -- State regulators have ordered a South Dakota-based payday lender to stop making consumer loans in Maryland after finding the company used predatory tactics...

6/6/2013

article Borrowers, beware: Tribal-affiliated loans sound good, but can be costly
(Minnesota) -- Catch a sports broadcast in Minnesota, and you’re likely to see fast-cash commercials with a legal twist: You can get hundreds – even,...

4/30/2013

article Massachusetts officials want Las Vegas debt collector shut down
(Las Vegas) -- Massachusetts banking and consumer protection officials have ordered five payday lenders and their Las Vegas-based debt collector to stop taking payments...

4/29/2013

article Tribes' payday loans under scrutiny / Lenders charging up to 600% interest scrutinized
(California) -- Some Indian tribes are being paid to offer their sovereign immunity to payday lenders that are trying to dodge state regulations, U.S. officials say....

4/27/2013

article Beware tribal payday loans
(USA) -- High interest payday loans are seen by critics as a fast track to endless cycles of debt for borrowers. Are they a scam? Some would say yes, although they'...

2/26/2013

article Payday Loans Get U.S. Consumer Bureau Scrutiny as ‘Debt Traps’
(Washington D.C.) -- The U.S. Consumer Financial Protection Bureau is considering action to limit the impact of payday and other short-term loans that can become “...

2/16/2013

article I-Team: Western Sky Financial's practices called into question
(South Dakota) -- NBC 10's I-Team has uncovered the questionable practices of a loan company called Western Sky Financial.

1/4/2013

article Payday lenders agree to stop 'deceptive and illegal' practices
(Washington D.C.) -- Controversial lenders that claim to be owned by Indian tribes and offer payday loans over the Internet have agreed to stop practices that federal...

11/20/2012

article Tribal Member Facing Scrutiny Over Loan Business
(South Dakota) -- A member of the Cheyenne River Sioux Tribe is facing numerous state and federal lawsuits over his high-interest loan companies located in Timber Lake,...

11/18/2012

article Authorities target S.D. Internet lender
(South Dakota) -- With a population of 450, Timber Lake on the Cheyenne River Indian Reservation sits in one of the poorest and most remote counties in the country.

10/25/2012

article Internet payday lender from Cheyenne River Indian Reservation agrees to W.Va. refunds
(West Virginia) -- An Internet payday lender has agreed to stop making such loans in West Virginia. Attorney General Darrell McGraw's office says Payday Financial...
article McGraw settles case with South Dakota payday lender
(West Virginia) -- Attorney General Darrell McGraw recently announced the conclusion of a case where a Kanawha County circuit judge recently determined a payday lender...

9/20/2012

article BLOG: Will John Suthers Drag Down Romney's Presidential Hopes?
(Colorado) -- Among the many reasons Colorado Attorney General John Suthers could drag down Mitt Romney's presidential hopes -- Suthers covets a position running...

9/17/2012

article How Some Payday Lenders Charge Over 700% on Loans
(USA) -- A little known loophole is letting some payday loan companies dodge state laws and charge interest rates much higher than the states would otherwise allow, a...

8/24/2012

press release American Web Loan to Expand Its Oklahoma Headquarters
(Oklahoma) -- American Web Loan, a leading nationally-respected online tribal financial services company wholly owned by the Otoe-Missouria Tribe of Indians and its...

8/13/2012

article Lending company owned by Oklahoma tribe generates complaints
(Oklahoma) -- The state Department of Consumer Credit has received official complaints against another online payday loan company owned by an Oklahoma Indian tribe.

8/12/2012

article Lending company owned by Oklahoma tribe generates complaints
(Oklahoma) -- The state Department of Consumer Credit has received official complaints against another online payday loan company owned by an Oklahoma Indian tribe.
article U.S. Senate bill aims at online payday lending
(Colorado) -- On July 24, three U.S. senators introduced a bill that calls for cracking down on the worst practices of the online payday lending industry.

7/20/2012

article Moore Report: Tribal loan sharks are preying on the vulnerable
(Alaska) -- Do you ever check out the fine print on TV ads? I do. Every time I see a political ad on TV, making some outrageous claim or other, I always grab the remote...

7/18/2012

article Turtle Mountain tribe launches online loan service
(North Dakota) -- The Turtle Mountain Band of Chippewa has teamed up with a financial service company run by a former Google executive to launch an online lending...

7/17/2012

press release Native American Lenders Launch Self-Regulatory Best Practices
(Washington D.C.) -- Native American Financial Services Association (NAFSA) Offers Transparent and Straightforward Guidelines to Protect Consumers and Sovereignty

7/10/2012

article Payday loans the latest venture for Chukchansi tribe
(California) -- Faced with declining casino revenues and massive IOUs, the Picayune Rancheria of the Chukchansi Indians has embarked on a new moneymaking venture --...

7/6/2012

article BLOG: Big Data for the Poor
(New York) -- ZestCash, founded in 2006, had a winning idea, in principle. It made loans to borrowers with poor credit scores by using complex data analysis to better...

6/27/2012

article Groups join forces to protect Native American lenders
(Washington D.C.) -- Two Native American groups that have pushed back against criticism of American Indian payday lenders are joining forces. The Native American Lending...
press release Tribal Nations Unite to Defend Sovereign Rights
(Washington D.C.) -- Native American Tribes from across the United States have joined together to announce the formation of the Native American Financial Services...

6/8/2012

article Two Oklahoma Tribes’ Payday Loan Operations Cited in FTC Complaint
(Nevada) -- A federal court in the state of Nevada has been fully briefed on a Federal Trade Commission complaint that alleges two American Indian tribes in Oklahoma are...

6/7/2012

article Two Oklahoma tribes' payday loan operations cited in FTC complaint
(Nevada) -- A federal court in the state of Nevada has been fully briefed on a Federal Trade Commission complaint that alleges two American Indian tribes in Oklahoma are...

6/4/2012

article Payday Lenders and Indian Tribes Evading Laws Draw Scrutiny
(Washington D.C.) -- U.S. regulators and Congress are scrutinizing partnerships between Native Americans and outside investors in online payday lending businesses...

5/22/2012

press release Native American Groups Applaud California Court Decision Supporting Tribal Sovereign Immunity
(Washington D.C.) -- Both the Native American Lending Alliance (NALA) and the Native American Fair Commerce Coalition (NAFCC) applaud the Superior Court of California...

5/17/2012

article Indian tribe ‘employee’ thrives on payday loans
(Missouri) -- While Missouri’s many brick-and-mortar payday loan shops have been the focus of public ire and reform efforts over the last few years, an even more...

4/11/2012

article Class Fights 'Rent-a-Tribe' Payday Loans
(Kansas) -- A federal RICO class action claims the owner of a payday loan company, a felon, used a "rent-a-tribe" scheme to avoid civil and criminal liability...

4/5/2012

article ALMS: FTC Investigating Tucker, Level 5
(California) -- In a developing story that SPEED.com has been monitoring this week, the future of Level 5 Motorsports could be in jeopardy following a recent motion set...

4/4/2012

article 2 Okla. tribes' loan companies subject of lawsuit
(Oklahoma) -- The Federal Trade Commission has filed a lawsuit against several Oklahoma tribes, claiming their payday loan companies are operating illegally.

4/3/2012

article FTC: Payday Lender Can't Avoid Prosecution By Claiming Tribal Affiliation
(Colorado) -- A Colorado payday loan operation that allegedly piled on undisclosed and inflated fees — and which attempted to avoid prosecution by claiming...

4/2/2012

article Federal Trade Commission seeks to shut down tribes' online payday businesses
(Washington D.C.) -- The Federal Trade Commission is seeking to shut down an online payday lending operation that involves two Oklahoma Indian tribes after consumers...
article FTC files suit against payday lending operation claiming tribal affiliation
(Washington D.C.) -- The Federal Trade Commission filed suit Monday against an online payday-lending operation that has claimed American Indian tribal affiliations to...
article FTC targets alleged payday scam, race car driver
(Washington D.C.) -- A payday lending operation that offers quick cash over the Internet to desperate people, and the race-car driver allegedly running it, are under...
article Las Vegas auto racer sued by feds in alleged payday loan scam
(Washington D.C.) -- Las Vegas-based race car driver Scott Tucker and his brother were sued by federal regulators Monday over allegations they had scammed consumers who...
article Tribal payday lender sued by Federal Trade Commission
(Washington D.C.) -- The Federal Trade Commission today took up a case that had thwarted state authorities for years, accusing an Internet payday lender with ties to...

3/12/2012

article The Native American tribes respond to Director Cordray
(Colorado) -- Chris Willis’ recent post referred to the fact that Director Cordray during the Q&A session after his speech to NAAG disparaged Internet payday...

3/11/2012

article Column: Payday loan disaster: A holiday splurge leads to a 651% interest rate
(Washington D.C.) -- It was holiday generosity that ultimately led Tyrone Newman to make a desperate deal. And who could blame him?

3/8/2012

article COLUMN: Payday loan disaster: A holiday splurge leads to a 651% interest rate
(Washington D.C.) -- It was holiday generosity that ultimately led Tyrone Newman to make a desperate deal. And who could blame him?
article FTC Goes After Payday Lender that Used Tribal Court for Debt Collection Suits
(Washington D.C.) -- The Federal Trade Commission announced Wednesday that it has expanded its case against an allegedly deceptive payday lender, charging that it sought...
article Tribes slam 'declaration of war' on online lending businesses
(Washington D.C.) -- An Obama administration official has issued a "declaration of war" on payday loan businesses in Indian Country, according to one tribal...

3/7/2012

article FTC Charges Payday Lender For Illegally Suing Before Tribal Court
(Washington D.C.) -- The Federal Trade Commission expanded its case against an allegedly deceptive payday lender, charging that it sought to unfairly and deceptively...

3/6/2012

article Consumer Bureau ‘Zoning In’’ on Tribal Payday Firms
(Washington D.C.) -- U.S. Consumer Financial Protection Bureau Director Richard Cordray said his agency is prepared to use federal authority to crack down on payday...

2/27/2012

article Colo. judge issues new ruling in payday lending case against Indian tribes
(Colorado) -- A judge in Denver now says he misunderstood key evidence when he ruled that two payday lenders operating on the Internet were beyond the reach of state...

2/25/2012

article Column: The phantom menace of tribal payday lenders
(USA) -- The economy of the country is under a lot of stress given the current financial situation and the rising mountain of public debt. Different lines of credit,...

2/23/2012

article BLOG: Tribal Sovereign Immunity Applies to Commercial Transactions
(Colorado) -- The U.S. District Court in Colorado recently held that Miami Nations' tribal sovereign immunity applied to both governmental and commercial activities...

2/18/2012

article Column: Native Americans Get the Last Laugh on Government Regulation
(Colorado) -- In a ruling that I’ve followed closely because of my interest in the short-term cash advance industry, a Colorado court has sided with Native American...

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