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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

5/23/2016

article RICO Claims, Others Survive In Vt. Tribal Payday Lending Suit [sub req]
(Vermont) -- A proposed class action leveling Racketeer Influenced and Corrupt Organizations Act and other allegations against affiliates of Chippewa Cree payday lender...

5/20/2016

article Judge rejects tribal immunity claim, will allow lending suit
(Oklahoma) -- A federal judge in Vermont has rejected Montana tribal officials' claims of sovereign immunity and said that he will hear a civil case alleging the...

5/19/2016

article Google Bans Payday Ads, but Also Backs a Payday Lender
(California) -- Google announced this month it would ban payday-loan ads. One wrinkle: It is an investor in a payday lender. GV, the venture-capital investment arm of...

5/14/2016

article Another Company With a Cause: Is Google Just Being a Good Citizen?
(USA) -- Google is an adventurous company, but few would ever think of it as a financial regulator. And yet that is effectively what Google became Wednesday when it said...

5/13/2016

article Enforcement: Father, Son Paid for Fraud Defense by Bilking Native Americans: SEC
(USA) -- Among recent enforcement actions by the Securities and Exchange Commission were charges against a father and son and five of their associates in a scheme to...
article How 'Porn’s New King’ Allegedly Swindled a Native American Tribe Out of Millions
(USA) -- Former internet porn baron Jason Galanis has been busted for scamming members of the Oglala Sioux Nation out of $60 million. A professor of Native American...
article The 'porn king' of LA 'ripped off impoverished Sioux tribe in $60million scam'
(USA) -- A man once dubbed 'Porn's New King' was arrested in Los Angeles on Wednesday on charges he scammed a Native American tribe and others of more than $...

5/12/2016

article Seven Accused of Selling Fake Bonds [sub req]
(New York) -- Federal prosecutors charged a former campaign adviser to Secretary of State John Kerry and a second man once dubbed by the media “porn’s new...
article ‘Porn’s New King’ busted for ripping off Indians
(New York) -- Jason Galanis, a man who in 2004 was called “Porn’s New King,” was arrested by FBI agents at his Los Angeles home on Wednesday and...

5/11/2016

article Google tells payday lenders to take their advertising business elsewhere
(California) -- Google has a message for payday lenders -- your ads are no good here. The Internet search giant announced Wednesday that it was banning advertisements...

5/10/2016

article As payday-lending kingpin Scott Tucker prepares for a criminal trial, the question remains: Where did the money go?
(Kansas) -- On April 12, Bloomberg published a report that described how Philadelphia payday-lending pioneer Charles Hallinan had become an investor in financial-...

5/9/2016

article Payday Lenders Suit Settled
(Nebraska) -- Another payday lender lawsuit has been settled. This particular case relates to a predatory lending suit against CashCall and Western Sky Financial, who...

5/7/2016

article Tunica-Biloxi creates regulatory commission for online consumer lending operations
(Louisiana) -- Although it has chosen not to do business in Louisiana, the Marksville-based Tunica-Biloxi Tribe’s MobiLoans online lending company has a national...

5/6/2016

article $1.6 Million Settlement With Payday Lenders
(Nebraska) -- Nebraska will accept $1.6 million to settle a predatory lending suit against CashCall and Western Sky Financial, which it accused of falsely claiming...
article Nebraska Settles Suit Against Payday Lender For $1M [sub req]
(Nebraska) -- The state of Nebraska on Thursday announced an over $1 million settlement agreement with a batch of online payday lenders, including CashCall Inc. and...

4/21/2016

article Crackdown On Payday Lenders Surprises Some
(Pennsylvania) -- If you need cash in a hurry, you can easily find lenders -- online, or at offices in many Southern and Western states -- who are happy to give you $500...
article DOJ Takes On Tribal Lending: Inside The Indictments
(Washington D.C.) -- In recent months, the attention of the tribal lending industry has focused on the Consumer Financial Protection Bureau’s emerging role in...
article Payday Lender Tries To Duck Interest Rates Suit In Ky. [sub req]
(Kentucky) -- The owner of a payday lender accused of using a Native American-owned business as a front for evading state and federal laws in order to charge illegally...

4/13/2016

article Tunica Biloxi Launches Consumer Lending Regulatory Commission
(Louisiana) -- The Tunica Biloxi Tribe of Louisiana is starting what may be a first-of-its-kind regulatory commission to oversee tribal consumer lending. The move is in...

4/12/2016

article Ex-tribal partner charged in online lending kickback scheme
(Montana) -- A grand jury has charged a former business partner of Montana's Chippewa Cree Tribe with conspiring with tribal officials to skim millions of dollars...
article B.C. man charged in U.S. payday loan racketeering case
(British Columbia) -- A B.C. man has been charged with fraud and international money laundering as part of a U.S. indictment involving a multi-million dollar payday loan...
article Indicted Payday-Loan Pioneer Has Fingers in Fintech Companies
(Pennsylvania) -- Everest Business Funding and CircleBack Lending Inc. are among the dozens of online lenders that have sprung up in recent years using sophisticated...
article Republican Congressmen seek CFPB forum on impact of payday lending rule on state and tribal sovereignty
(Washington D.C.) -- Two Republican members of the House Financial Services Committee, Randy Neugebauer and Mick Mulvaney, have sent a letter to Director Cordray asking...

4/11/2016

article Villanova resident, 2 others charged in “Pay Day” lending scheme
(Pennsylvania) -- Federal prosecutors last week announced racketeering and other charges against a Villanova resident and two others in connection with a “pay day...

4/8/2016

article Prominent lawyer indicted in payday loan scheme
(Delaware) -- A prominent Wilmington lawyer has been indicted in a massive payday loan scheme that charged over 700 percent interest on loans by pretending the lenders...

4/7/2016

article Feds indict trio for ‘payday lending’ fraud
(Pennsylvania) -- A far-reaching, multi-million-dollar scheme to defraud borrowers was announced on Thursday, April 7, by the U.S. Attorney’s Office. Charles M....
article Feds: Payday lender charged 700 percent interest on loans
(Pennsylvania) -- The head of a payday lending enterprise accused of charging more than 700 percent interest on short-term loans was indicted Thursday on federal...
article Patriarch of payday loans indicted amid usury crackdown
(Pennsylvania) -- Charlie Hallinan, who pioneered the tactics payday lenders have used for years to stymie state regulators, was indicted Thursday on federal conspiracy...

3/30/2016

article U.S. Sues Ferrari-Racing Payday Mogul to Seize $48 Million
(New York) -- The U.S. is trying to seize $48 million from Ferrari-racing payday loan mogul Scott Tucker, saying he illicitly transferred the funds into bank accounts of...

3/29/2016

article Tribe makes deal to drop lawsuit against lending partner
(Montana) -- Montana's Chippewa Cree Tribe has settled a lawsuit against a former partner accused of siphoning millions of dollars from a lucrative online lending...

3/16/2016

article Are Payday Lenders Shielded by the Tribal Veil?
(Pennsylvania) -- In a case pending before the U.S. District Court for the Eastern District of Pennsylvania, Pennsylvania v. Think Finance, Inc., et al., No. 14-cv-7139...
article SC Rep. Floats Bill To Shield States, Tribes From CFPB
(New York) -- Rep. Mick Mulvaney, R-S.C., introduced a bill on Monday that would prevent the Consumer Financial Protection Bureau from passing rules on so-called payday...

3/9/2016

article Former Chippewa Cree lending officials sentenced to prison
(Montana) -- The Montana U.S. Attorney’s Office announced on Tuesday that the former CEOs of Plain Green, the Chippewa Cree Tribe’s internet lending business...
article CFPB Still Pushing to Regulate Payday Lenders
(Washington D.C.) -- Last month, Consumer Financial Protection Bureau (CFPB) acting Deputy Director David Silberman testified before a House subcommittee on the Bureau...
article Nonprofit group targets Wasserman Schultz over payday lenders
(Washington D.C.) -- Allied Progress is hammering Democratic National Committee Chairwoman Debbie Wasserman Schultz in a television ad that will begin airing Thursday...

3/7/2016

article Ex-tribal lending officials sentenced to 3 years in prison
(Montana) -- A judge has sentenced two former leaders of a Chippewa Cree online lending company to more than three years in prison for stealing money from the company...
press release Two Oklahoma Indian Tribe Payday Lenders Settle with the FTC
(Oklahoma) -- Two of payday lenders from Oklahoma Indian tribes have settled with the FTC in keeping with the ethical guidelines for debt collection.

2/29/2016

article Payday lending supporters attack Consumer Financial Protection Bureau while top industry lenders face RICO charges
(Washington D.C.) -- For years deceptive and predatory lenders have bilked millions of trusting consumers from their hard-earned monies, while consumer advocates have...

2/25/2016

article COLUMN: Payday lending supporters attack CFPB; top industry lenders face RICO charges
(Washington D.C.) -- Charlene Crowell says that during a recent House Financial Services committee hearing, House members and most panelists criticized the consumer...

2/23/2016

article Race Car Driver Scott Tucker Pleads Not Guilty In Payday Lending Case
(New York) -- A race car driver pleaded not guilty on Tuesday to charges stemming from what U.S. prosecutors called his role in a $2 billion online payday lending...
article Race Car Driver, Atty Deny $2B Payday Loan Scam Charges
(New York) -- Race car driver and businessman Scott Tucker and lawyer Timothy Muir pled not guilty Tuesday in Manhattan federal court to charges that they ran a...
article Scott Tucker and lawyer plead not guilty in payday loan case
(New York) -- Race car driver and payday loan mogul Scott Tucker pleaded not guilty to racketeering charges stemming from a federal crackdown on lenders that prey on...
article Scott Tucker arraigned in New York City, pleads not guilty to federal charges of racketeering
(New York) -- Online-payday-lending mogul Scott Tucker pleaded not guilty Tuesday here to federal criminal charges of racketeering in connection with unlawful debt...
article Lawmaker who recited words of lobbyist also took payday lenders’ donations
(Washington D.C.) -- Rep. David Scott of Georgia may have pulled back the curtain a bit last week on the impact of campaign contributions. During a House hearing...

2/22/2016

article Fourth Circuit Holds Arbitration Clause Unenforceable When It Forbids Arbitrator From Applying The Applicable Law
(Virginia) -- This case involves a class action filed in a Virginia district court against Delbert Services Corporation, the servicing agent of certain loans, for which...
article Payday lending's quite a racket -- and the feds finally agree
(Illinois) -- MEMO: From: brian@funnymoneyblog .com. Sent: Monday, Feb. 22, 2016. To: The Moral Universe. Subject: What got into YOU all of a sudden? Let me get this...

2/18/2016

article PAYDAY LOANS: Tribe Says Regulations Will Harm Its Economic Prospects
(Washington D.C.) -- A Native American tribe is opposing protectionist regulations proposed by the Consumer Financial Protection Bureau, saying the rules would eliminate...

2/15/2016

article Owner of Payday Lenders, Attorney Hit with Federal Criminal Indictment
(New York) -- A man alleged to be the owner and operator of a group of payday-lending companies and an attorney alleged to have submitted false affidavits and structured...

2/13/2016

article Payday Lenders Want Suit Sent Back To Tribal Court [sub req]
(South Dakota) -- A group of online payday lenders, including Native American-owned Western Sky Financial, asked a South Dakota federal judge Friday to send a pending...

2/12/2016

article Will Nixing Indian Law Arbitration Drum Up Plaintiffs' Tactic?
(South Dakota) -- Federal courts have followed the lead of the U.S. Supreme Court over the last few years to uphold mandatory arbitration provisions in most...

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...

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